HOPE VI Neighborhood Spillover Effects in Baltimore

摘要: A major goal of the HOPE VI (Housing Opportunities for People Everywhere) Program is to improve surrounding communities by removing physically deteriorating public housing projects—a source concentrated poverty and crime—and replacing them with mixedincome communities. This article uses a difference-in-differences approach determine if Baltimore’s three completed redevelopments had positive neighborhood spillover effects on property values. The analysis compares sales prices in area immediately each site before after redevelopment comparable properties farther away but same at time. Only one showed convincing evidence effect values its neighborhood. was located less distressed than other two sites, adhered more closely model, implemented project’s social community services component through partnership between private developer tenant organization. These findings suggest that adherence VI’s main principles implementation preexisting conditions make difference raise question whether investment best targeted severely neighborhoods or stable already improving neighborhoods.