The Effect of Subsidized Housing on Values of Adjacent Housing |
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| Authors: | Donald C Guy John L Hysom Stephen R Ruth |
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| Institution: | Associate Professor of Finance, Department of Finance, School of Business, East Carolina University, Greenville, North Carolina 27834.;Associate Professor of Business Administration, George Mason University, Fairfax, Virginia 22030. |
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| Abstract: | This is a case study of the effect of subsidized housing on the value of adjacent non-subsidized housing. Four townhouse clusters in Fairfax County, Virginia, were selected for study because of the high degree of homogeneity between clusters. The clusters are all in the same community but vary in distance from subsidized housing. Sale prices were analyzed using a regression model which included distance from subsidized housing as an independent variable. Based on the results of the regression analysis, the authors conclude that the subsidized housing had a negative impact on the values of adjacent properties. |
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