The Effect of Low Income Housing Tax Credit Units on Residential Property Values in Dallas County

Ezzet-Lofstrom, Roxanne; Murdoch, James

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The Effect of Low Income Housing Tax Credit Units on Residential Property Values in Dallas County

Williams Review, Vol. 1, No. 1, pp. 107-124, 2006

21 Pages Posted: 31 Mar 2007

See all articles by Roxanne Ezzet-Lofstrom

Roxanne Ezzet-Lofstrom

University of Texas at Dallas - School of Economic, Political and Policy Sciences

James Murdoch

University of Texas at Dallas - School of Economic, Political and Policy Sciences

Abstract

This paper examines the effect Low-Income Housing Tax Credit (LIHTC)projects have on neighboring sales prices of single-family homes in Dallas County. The results suggest LIHTC projects that went into place between 1986 and 2003 have a small, positive signifi cant effect on single-family home prices located within 0.5 miles of the low-income units. In particular, homes located within 0.5 miles of an LIHTC project sold for 2.1% more than homes located between 0.5 and 1.5 miles from an LIHTC project.

Keywords: housing, affordable housing, subsidized housing, community development

JEL Classification: O10, O18, O20, R00

Suggested Citation: Suggested Citation

Ezzet-Lofstrom, Roxanne and Murdoch, James, The Effect of Low Income Housing Tax Credit Units on Residential Property Values in Dallas County. Williams Review, Vol. 1, No. 1, pp. 107-124, 2006 , Available at SSRN: https://ssrn.com/abstract=976038