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Economic Impacts of Subsidized Housing Location

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  • Michael P. Johnson
  • Arthur P. Hurter

Abstract

A popular scheme for providing affordable housing involves the use of rental vouchers given directly to families who choose their own market-rate housing. In this paper we present a methodology for calculating localized economic benefits and costs to various groups affected by a hypothetical move from inner-city public housing to suburban Section 8 rental housing. Such a move might occur as part of a program similar to the Gautreaux Assisted Housing Program. Benefits and costs derived from this move can then be used in an optimization model to compare impacts of alternative allocations of families to certain areas in which to search for rental housing. We apply this benefit/cost methodology to metropolitan Chicago data and report computational results. Keywords: Housing, benefit-cost analysis, public sector, welfare economics, location Northwestern University/University of Chicago Joint Center for Poverty Research Working Paper An earlier version of this paper, entitled "Benefits and Costs of Location of Subsidized Housing in Metropolitan Areas," was presented at the Forty-Third North American Meetings of the Regional Science Association International, Arlington, Virginia, November 15, 1996.

Suggested Citation

  • Michael P. Johnson & Arthur P. Hurter, 1997. "Economic Impacts of Subsidized Housing Location," JCPR Working Papers 2, Northwestern University/University of Chicago Joint Center for Poverty Research.
    • Handle: RePEc:wop:jopovw:2
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    References listed on IDEAS

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    1. Olsen, Edgar O. & Barton, David M., 1983. "The benefits and costs of public housing in New York City," Journal of Public Economics, Elsevier, vol. 20(3), pages 299-332, April.
    2. Donald C. Guy & John L. Hysom & Stephen R. Ruth, 1985. "The Effect of Subsidized Housing on Values of Adjacent Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(4), pages 378-387, December.
    3. Clemmer, Richard B., 1984. "Measuring welfare effects of in-kind transfers," Journal of Urban Economics, Elsevier, vol. 15(1), pages 46-65, January.
    4. Edgar O. Olsen & William J. Reeder, 1981. "Does HUD Pay Too Much for Section 8 Existing Housing?," Land Economics, University of Wisconsin Press, vol. 57(2), pages 243-251.
    5. Mayo, Stephen K., 1981. "Theory and estimation in the economics of housing demand," Journal of Urban Economics, Elsevier, vol. 10(1), pages 95-116, July.
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    Cited by:

    1. Michael P. Johnson & Arthur P. Hurter, 1997. "An Optimization Model for Location of Subsidized Housing in Metropolitan Areas," JCPR Working Papers 12, Northwestern University/University of Chicago Joint Center for Poverty Research.

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