SANTIAGO, Anna M <br/><br/>
Assessing the property value impacts of the dispersed housing subsidy program in Denver 

 -  2001 
<br/><br/> This study tests the hipothesis that the acquisition of existing property by the public housing  and its subsequent rehatiblitation and occupancy by subsidized tenants significantly reduced the property values of surrounding single-family homes in enver during the 1990s. This assessment examined pre - and post-occupancy sales, while controlling for the idiosyncratic neighborhood, local public service, and  zoning characteristics of the areas in order to identify which  sorts of neighborhoods, if any, experienced declining property values as a result of  proximity to despersed housing tenants. The analyses revealed that proximity to a subsidized housing site generally had an  independent, positive effect on single-family home sales prices. The  most notable exception to this pattern occurred in neighborhoods more than 20 percent of whose residents were black. Proximity to dispersed public housing sites  in these neighborhoods resulted in slower growth in home sales prices in an otherwise booming housing market and suggest a threshold within "vulnerable" neighborhoods whereby any potential gains associated with rehabilitating existing units are offset by the increased concentration of poor residents