RT Journal Article
SR Electronic
T1 Supportive Housing and Neighborhood Property Value Externalities
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 33
OP 54
DO 10.2307/3147143
VO 80
IS 1
A1 Galster, George
A1 Tatian, Peter
A1 Pettit, Kathryn
YR 2004
UL http://le.uwpress.org/content/80/1/33.abstract
AB We analyzed impacts on single-family home prices of eleven, small-scale supportive housing facilities announced in Denver during 1989–1995.Using a difference in differences econometric specification, we found that these facilities produced a positive impact on house prices within 1,001 to 2,000 feet. We attributed this effect to countervailing externalities (building rehabilitation vs. resident behaviors) that vary in their spatial extent. Supportive housing facilities were systematically sited in neighborhoods with declining relative prices compared to elsewhere in the census tract. This location bias led a conventional econometric specification to erroneously estimate a negative property value impact from supportive housing. (JEL R11, R31)