干旱区生态环境知识资源中心(Arid): Does Large-Scale Neighborhood Reinvestment Work? Effects of Public?Private Real Estate Investment on Local Sales Prices, Rental Prices, and Crime Rates

Arid

DOI	10.1080/10511482.2019.1655468
	Does Large-Scale Neighborhood Reinvestment Work? Effects of Public?Private Real Estate Investment on Local Sales Prices, Rental Prices, and Crime Rates
	Baird, Matthew D.1; Schwartz, Heather 2; Hunter, Gerald P.3; Gary-Webb, Tiffany L.4,5; Ghosh-Dastidar, Bonnie 6; Dubowitz, Tamara 7; Troxel, Wendy M.7
通讯作者	Baird, Matthew D.
来源期刊	HOUSING POLICY DEBATE
ISSN	1051-1482
EISSN	2152-050X
出版年	2020
卷号	30 期号:2 页码:164-190
英文摘要	During the 1990s, the U.S. Department of Housing and Urban Development awarded over $6 billion in competitive grants (HOPE VI) to spur neighborhood redevelopment. We add to HOPE VI research by examining the impacts of a large set of public?private real estate investments, including HOPE VI, made over a 16-year period in a distressed neighborhood of Pittsburgh, Pennsylvania (Hill District). We estimate the effects of $468 million additional public?private investments that Hill District received compared with a demographically similar neighborhood on sales prices, rental prices, and crime. We find large, statistically significant impacts of these investments on residential sales prices, commercial sales prices, and on rental prices, and a marginally significant yet meaningful decline in nonviolent arrests. For each $10 million of public?private investment, we find a 0.95%, 2.7%, and 0.55% increase in residential sales prices, commercial sales prices, and rental prices, respectively. Given the accumulated difference over 16 years of $468 million in these investments across the two neighborhoods, the percentage increases amount to large changes in prices over that time. Cities should anticipate the potential impacts of major neighborhood investment on low-income households, especially unsubsidized renters who most directly experience the brunt of rising rents.
英文关键词	community development public housing real estate HOPE VI
类型	Article
语种	英语
国家	USA
开放获取类型	Green Accepted
收录类别	SSCI
WOS记录号	WOS:000491003100001
WOS关键词	HOPE VI ; FOOD DESERT ; DIET
WOS类目	Development Studies ; Urban Studies
WOS研究方向	Development Studies ; Urban Studies
EI主题词	2019-10-17
资源类型	期刊论文
条目标识符	http://119.78.100.177/qdio/handle/2XILL650/310304
作者单位	1.RAND Corp, Dept Econ Sociol & Stat, Pittsburgh, PA 15213 USA; 2.RAND Corp, Dept Econ Sociol & Stat, New Orleans, LA USA; 3.RAND Corp, Res Programming, Pittsburgh, PA USA; 4.Univ Pittsburgh, Dept Behav & Community Hlth Sci, Pittsburgh, PA 15260 USA; 5.Univ Pittsburgh, Dept Epidemiol, Pittsburgh, PA 15260 USA; 6.RAND Corp, Dept Econ Sociol & Stat, Washington, DC USA; 7.RAND Corp, Dept Behav & Policy Sci, Pittsburgh, PA USA
推荐引用方式 GB/T 7714	Baird, Matthew D.,Schwartz, Heather,Hunter, Gerald P.,et al. Does Large-Scale Neighborhood Reinvestment Work? Effects of Public?Private Real Estate Investment on Local Sales Prices, Rental Prices, and Crime Rates[J],2020,30(2):164-190.
APA	Baird, Matthew D..,Schwartz, Heather.,Hunter, Gerald P..,Gary-Webb, Tiffany L..,Ghosh-Dastidar, Bonnie.,...&Troxel, Wendy M..(2020).Does Large-Scale Neighborhood Reinvestment Work? Effects of Public?Private Real Estate Investment on Local Sales Prices, Rental Prices, and Crime Rates.HOUSING POLICY DEBATE,30(2),164-190.
MLA	Baird, Matthew D.,et al."Does Large-Scale Neighborhood Reinvestment Work? Effects of Public?Private Real Estate Investment on Local Sales Prices, Rental Prices, and Crime Rates".HOUSING POLICY DEBATE 30.2(2020):164-190.