HOPE VI: An Analysis to Determine the HOPE VI Program's Influence on Home Sales

LaTanya N. Brown

Community Development, 2009, vol. 40, issue 1, 54-63

Abstract: This article will examine the original Housing Opportunity for People Everywhere (HOPE) VI sites in the cities of Atlanta, Baltimore, Charlotte, and Washington, D.C., to determine if surrounding home sales increase after its completion. The author utilizes an Adjusted Interrupted Time Series (AITS) method, first developed by Galster, Temkin, Walker, and Sawyer (2004), to examine the effects of the HOPE VI program on local real housing prices (which is utilized as a proxy for local economic development in this paper and in previous urban economic research). The author found that the prices of housing units in the HOPE VI concentric rings of a half mile and 1 mile around the HOPE VI site increased after completion. The results also showed that the housing price trend around the HOPE VI site began to increase after the completion date of each site. The price trend of housing units in the inner ring of the HOPE VI sites grew more than those in the outer ring. Therefore, the results indicate that the HOPE VI site has a significant and positive influence on housing prices.

Date: 2009
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1080/15575330902918980 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:comdev:v:40:y:2009:i:1:p:54-63

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCOD20

DOI: 10.1080/15575330902918980

Access Statistics for this article

Community Development is currently edited by John Green, Rhonda Phillips and Anne Heinze Silvis

More articles in Community Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().