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Do Low-Income Rental Housing Programs Complement Each Other? Evidence from Ohio

Author

Listed:
  • Brett Barkley
  • Amy Higgins
  • Francisca Richter

Abstract

We characterize rental subsidy use in units developed with construction subsidies and explore whether the subsidy overlap responds to needs unmet by a tenant-based program alone. We present a subsidy allocation model allowing for program complementarity to guide our analysis of multiple subsidy use in Low Income Housing Tax Credit (LIHTC) units. Findings for Ohio in 2011 suggest that rental assistance in LIHTC exhibits some degree of subsidy complementarity, particularly, when serving very poor households with special housing needs. We also find that very low income voucher holders who face a less affordable market or a potential gain in neighborhood quality are attracted to use their voucher in a LIHTC unit. However, our analysis finds a significant portion of households in LIHTC units that could seemingly be housed in the private rental market, signaling some degree of inefficient allocation of subsidies.

Suggested Citation

  • Brett Barkley & Amy Higgins & Francisca Richter, 2014. "Do Low-Income Rental Housing Programs Complement Each Other? Evidence from Ohio," Working Papers (Old Series) 1429, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:1429
    Note: Do Tenant- and Place-Based Rental Housing Programs Complement Each Other? Evidence from Ohio (2014)
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    File URL: https://www.clevelandfed.org/newsroom-and-events/publications/working-papers/2016-working-papers/wp-1429r2-do-low-income-rental-housing-programs-complement-each-other-evidence-from-ohio.aspx
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    More about this item

    Keywords

    Affordable Housing; housing choice vouchers; Low-Income Housing; Tax Credit; Housing Policy; Neighborhood Quality; Poverty;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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