The impact of affordable housing on taxable property valuation in a poor city.

摘要

This research looks at the impact of affordable housing development on the tax base in a poor city. Viability of the tax base is a critical matter for municipalities to address as they plan revitalization strategies. Poor cities may include affordable housing development as a revitalization strategy to meet the needs of their housing cost burdened residents or to upgrade blighted or unproductive property. Prior research has looked at the impact of affordable housing on concerns such as concentration of poverty, crime, racial segregation, and resale value of nearby housing, but not tax base.;While preliminary bivariate findings indicated that taxable property value increased at a greater rate in the zone closest to affordable housing development, the results of the discriminant analysis found that affordable housing had a minimal influence on taxable property value change, and that other factors were better determinants of the change. Quantitative and qualitative results suggest that in addition to prior taxable property valuation, social fabric within the community before affordable housing development is a better predictor of the change in tax value of surrounding property.