000 01648naa a2200205uu 4500
001 0121515564337
003 OSt
005 20190211174221.0
008 101215s2010 xx ||||gr |0|| 0 eng d
100 1 _aDI, Wenhua
_943439
245 1 0 _aAn analysis of the neighborhood impacts of a mortgage assistance program :
_ba spatial hedonic model
260 _aHoboken :
_bWiley-Blackwell,
_cFall 2010
520 3 _aDown payment or closing cost assistance is an effective program in addressing the wealth constraints of low-and moderate-income homebuyers. However, the spillover effect of such programs on the neighborhood is unknown. This paper estimates the impact of the City of Dallas Mortgage Assistance Program (MAP) on nearby home values using a hedonic model of home sales from 1990 to 2006. We define neighborhoods of 1,000 feet around each sale and estimate the average differences in sales prices between neighborhoods with various numbers of MAP properties before and after their appearance. We find that MAP properties tend to locate in neighborhoods with lower property values; however, unless a concentration of MAP properties forms, the infusion of MAP properties has little detrimental impact on neighboring property values. Moreover, low concentration of MAP properties has a modest positive impact on surrounding property values
700 1 _aMA, Jielai
_943440
700 1 _aMURDOCH, James C
_943441
773 0 8 _tJournal of Policy Analysis and Management
_g29, 4, p. 682-697
_dHoboken : Wiley-Blackwell, Fall 2010
_xISSN 02768739
_w
942 _cS
998 _a20101215
_b1556^b
_cDaiane
998 _a20110118
_b1720^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c37804
_d37804
041 _aeng