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

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  • LaTanya N. Brown

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.

Suggested Citation

  • LaTanya N. Brown, 2009. "HOPE VI: An Analysis to Determine the HOPE VI Program's Influence on Home Sales," Community Development, Taylor & Francis Journals, vol. 40(1), pages 54-63, May.
    • Handle: RePEc:taf:comdev:v:40:y:2009:i:1:p:54-63
    DOI: 10.1080/15575330902918980
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    Cited by:

    1. Blanco, Hector, 2023. "Pecuniary effects of public housing demolitions: Evidence from Chicago," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    2. Blanco, Hector & Neri, Lorenzo, 2023. "Knocking It Down and Mixing It Up: The Impact of Public Housing Regenerations," IZA Discussion Papers 15855, Institute of Labor Economics (IZA).
    3. Aarland, Kristin & Osland, Liv & Gjestland, Arnstein, 2017. "Do area-based intervention programs affect house prices? A quasi-experimental approach," Journal of Housing Economics, Elsevier, vol. 37(C), pages 67-83.
    4. Daniel Borbely & Gennaro Rossi, 2023. "Urban regeneration projects and crime: evidence from Glasgow," Journal of Economic Geography, Oxford University Press, vol. 23(6), pages 1273-1301.

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