Increasingly, community development organizations are being asked to quantify the impact that they have on low- and moderate-income communities. Sean Zielenbach offers advice about undertaking this daunting and complicated task.

This study examines the extent to which HOPE VI redevelopments have had positive spillover effects on their surrounding neighborhoods. It examines four such redevelopments-two in Boston, Massachusetts, and two in Washington, D.C.-and documents the changes that have taken place in property...

The Low-Income Housing Tax Credit is the largest supply-side housing subsidy in the United States, costing over $8 billion per year. LIHTC properties tend to be concentrated in low-income urban communities. Numerous studies have examined the spillover effects of these properties but have not...

The Low-Income Housing Tax Credit (LIHTC) program is one of the largest sources of financing for affordable housing in the United States. Contrary to many residents’ fears, research typically shows that LIHTC-financed properties generate positive spillover impacts in their surrounding...

Although it is generally recognized that the equilibrium real interest rate (ERR) varies over time, most recent work on policy analysis has been carried out under the assumption that this rate is constant. We show how this assumption can affect inferences about the conduct of policy in two...