A Study to Determine if HOPE VI Sites Influence Area Housing

Author: LaTanya N. Brown

Dissertation School: Howard University

Pages: 276

Publication Date: December 2003

Availability:
Available from the HUD USER Helpdesk P.O. Box 23268 Washington, DC 20026-3268 Toll Free: 1-800-245-2691 Fax: 1-202-708-9981 Email: oup@oup.org

Access Number: 10784

Abstract:

This dissertation will examine the HOPE VI sites in various cities of Atlanta, Baltimore, Charlotte, and Washington, D.C., to see if these sites influence housing prices in their surrounding communities. The HOPE VI sites are categorized based upon whether they are mixed income or non-mixed income. The methodology is an OLS regression. The model examines the price variation of homes surrounding a HOPE VI site and its Traditional Public Housing comparison areas with a 0 to 0.5 mile and 0.5 to 1 mile radii. It also controls for the city structural characteristics of the housing unit, neighborhood characteristics, space, and time.

A difference in means t-test of the HOPE VI sites and the Traditional Public Housing neighborhood tests the first hypothesis that the HOPE VI program will increase housing prices. A second t-test is used to test the hypothesis that the mixed-income HOPE VI sites increase housing prices more than the non-mixed-income sites. The first finding suggests that the HOPE VI program does increase housing prices more than the comparison area. The second finding suggests that mixed-income HOPE VI sites increase housing prices more than the non-mixed-income sites. When the hypotheses were tested in each city, more diversity in outcomes was found.

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