Analysis

An Introduction to the Low-Income Housing Tax Credit

Published: 2019 | Mark P. Keightley | Congressional Research Service Abstract The low-income housing tax credit (LIHTC) program is one of the federal government’s primary policy tools for encouraging the development and rehabilitation of affordable rental housing.

The rise and effects of homeowners associations

Published: 2019 | Wyatt Clarkea, Matthew Freedman | Urban Economics Abstract In the U.S., nearly 60% of recently built single-family houses, and 80% of houses in new subdivisions, are part of a homeowners association (HOA). We construct the first near-national…

The Effect of New Luxury Housing on Regional Housing Affordability

Published: 2019 | Evan Mast | The Captured Economy Abstract I study the short-run effect of new housing construction on housing affordability using individual address history data. Because most new construction is expensive, its effect on the market for more…

Sand Castles Before the Tide? Affordable Housing in Expensive Cities

Published: 2019 | Gabriel Metcalf | The Journal of Economic Prespectives Abstract This article focuses on cities with unprecedented economic success and a seemingly permanent crisis of affordable housing. In the expensive cities, policymakers expend great amounts of energy trying…

New rail transit stations and the out-migration of low-income residents

Published: 2019 | Elizabeth Delmelle, Isabelle Nilsson | Urban Studies Abstract This article tests the hypothesis that low-income residents disproportionately move out of neighbourhoods in close proximity to new rail transit stations. This transit-induced gentrification scenario posits that the development…