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Do Low-Income Rental Housing Programs Complement Each Other? Evidence from Ohio
We characterize rental subsidy use in units developed with construction subsidies and explore whether the subsidy overlap responds to needs unmet by a tenant-based program alone. We present a subsidy allocation model allowing for program complementarity to guide our analysis of multiple subsidy use in Low Income Housing Tax Credit (LIHTC) units. Findings for Ohio in 2011 suggest that rental assistance in LIHTC exhibits some degree of subsidy complementarity, particularly, when serving very poor households with special housing needs. We also find that very low income voucher holders who face a less affordable market or a potential gain in neighborhood quality are attracted to use their voucher in a LIHTC unit. However, our analysis finds a significant portion of households in LIHTC units that could seemingly be housed in the private rental market, signaling some degree of inefficient allocation of subsidies.
AUTHORS: Barkley, Brett; Richter, Francisca; Higgins, Amy
The Role of Equitable Transit-Oriented Development in Promoting Economic Opportunity
Debate still exists in economics and other fields as to the impact of transit accessibility on finding and maintaining a good-paying job. This article provides an overview of equitable transit-oriented development (TOD), its effects on economic outcomes for low-skilled workers, and a brief discussion of policy solutions for practitioners to consider.
AUTHORS: Barkley, Brett