IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v25n42003p431-462.html
   My bibliography  Save this article

Do Housing Rehabs Pay Their Way? A National Case Study

Author

Listed:
  • Robert A. Simons

    (Cleveland State University, Cleveland, OH 44115)

  • A. J. Magner

    (ICI-Delux Paints Real Estate, Cleveland, OH 44115)

  • Esmail Baku

    (Neighborhood Reinvestment Corporation, Washington, DC)

Abstract

This research focuses on if housing rehabilitation by community development corporations pays its own way. The recent experience of ten local housing organizations in the Neighborhood Reinvestment Corporation network is examined. These organizations assist homeowners in rehabbing existing units and acquire, rehab and transfer units to new occupants. The findings indicate that rehabbed housing units provide substantial benefits to the local economy. The rehabbed units return $0.55, on average, for every local government dollar invested. In addition, economic benefits such as increased property values and tax base, and construction jobs and permanent jobs were created and sustained.

Suggested Citation

  • Robert A. Simons & A. J. Magner & Esmail Baku, 2003. "Do Housing Rehabs Pay Their Way? A National Case Study," Journal of Real Estate Research, American Real Estate Society, vol. 25(4), pages 431-462.
    • Handle: RePEc:jre:issued:v:25:n:4:2003:p:431-462
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n04/05.431_462.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:25:n:4:2003:p:431-462. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.