This paper evaluates the impacts of low income housing developments on the neighborhoods in which they are built. A discontinuity in the formula determining the allocation of tax credits to low income housing developments as a function of neighborhood characteristics generates pseudo-random...

This paper evaluates the impacts of new housing developments funded with the Low Income Housing Tax Credit (LIHTC), the largest federal project based housing program in the U.S., on the neighborhoods in which they are built. A discontinuity in the formula determining the magnitude of tax credits...