The Low-Income Housing Tax Credit (LIHTC) program is one of the largest sources of financing for affordable housing in the United States. Contrary to many residents’ fears, research typically shows that LIHTC-financed properties generate positive spillover impacts in their surrounding...

Scholars and practitioners are increasingly interested in understanding who owns real estate in communities and the implications for approaches to planning and other public policy. Yet, practitioners lack an efficient and comprehensive methodology to assess ownership patterns. Variegated...

Natural disasters have been increasing in intensity at the same time that rental affordability has been declining in many cities. The intersection of these two trends presents an important challenge for policymakers as well as an insightful test for economic theory. This paper presents a new...

The Low-Income Housing Tax Credit is the largest supply-side housing subsidy in the United States, costing over $8 billion per year. LIHTC properties tend to be concentrated in low-income urban communities. Numerous studies have examined the spillover effects of these properties but have not...

Small and medium multifamily properties — defined as buildings having between 2 and 49 units — house over 20 percent of the U.S. population, yet they remain an understudied segment of the housing market. Using a rich, transaction-level dataset in eleven major urban counties, we find that...