Understanding the Geography of Housing Instability: Eviction and Affordable Housing Development

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Abstract/Contents

Abstract
As more Americans shift from owning to renting homes, more scholarship is needed to understand how rental markets are changing, and particularly how low-income individuals are impacted by growing rent burdens across the United States. In this paper, I analyze what characteristics of census tracts are most related to high eviction rates, and what impact a plausibly exogenous increase in Low Income Housing Tax Credit housing has on eviction rates. To estimate this effect, I leverage a discontinuity in the U.S. Department of Housing and Urban Development’s funding formula in which census tracts for which 50% of the population is below 60% of the Area Median Gross Income are designated as Qualified Census Tracts and receive 30% more funding. In my primary regression discontinuity analysis, I find that census tracts just above the threshold received approximately five units more low-income housing on a base of approximately seven units and had higher rents and eviction rates, though this result is not robust to additional functional forms. The mechanism for this effect is likely that an increase in Low Income Housing Tax Credit housing increases economic development in low-income neighborhoods, increasing the opportunity cost for landlords, and increasing the incentive to evict tenants.

Description

Type of resource text
Date created 2019

Creators/Contributors

Author Martin, Olivia Hope

Subjects

Subject Eviction
Subject Housing
Subject Economics
Genre Thesis

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This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).

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Preferred Citation
Martin, Olivia Hope. (2019). Understanding the Geography of Housing Instability: Eviction and Affordable Housing Development. Stanford Digital Repository. Available at: https://purl.stanford.edu/jy650hw4239

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Stanford University, Department of Economics, Honors Theses

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