HOPE VI and Neighborhood Economic Development: The Importance of Local Market Dynamics

This study examines the extent to which HOPE VI redevelopments have had positive spillover effects on their surrounding neighborhoods. It examines four such redevelopments—two in Boston, Massachusetts, and two in Washington, D.C.—and documents the changes that have taken place in property values, vi...

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Bibliographic Details
Published in:Cityscape (Washington, D.C.) D.C.), 2010-01, Vol.12 (1), p.99-131
Main Authors: Zielenbach, Sean, Voith, Richard
Format: Article
Language:English
Subjects:
Communities
Homes
Housing
Income estimates
Neighborhoods
Orchards
Property crimes
Public housing
Public property
Redevelopment
Symposium: HOPE VI
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Summary:This study examines the extent to which HOPE VI redevelopments have had positive spillover effects on their surrounding neighborhoods. It examines four such redevelopments—two in Boston, Massachusetts, and two in Washington, D.C.—and documents the changes that have taken place in property values, violent crime patterns, and resident incomes in surrounding neighborhoods since the redevelopment began. The study assesses the extent to which those changes can be attributed to the public housing redevelopment. The study finds that, for the most part, the HOPE VI redevelopments have had positive, statistically significant effects on economic conditions in their surrounding neighborhoods. The extent of the spillover neighborhood effects has depended, in part, on the location and market dynamics of the surrounding community. The economic effects of a HOPE VI redevelopment have tended to be greater in communities where there were other development pressures and existing, stable institutions. In the absence of these factors, the positive effects of HOPE VI have been less pronounced.
ISSN:1936-007X