We examine the impact of subsidized housing on homelessness using the Low-Income Housing Tax Credit (LIHTC), the largest place-based housing program in the United States. To generate quasi-experimental variation in housing placements, we exploit a discontinuous increase in the amount of tax...

This paper compares the rent savings accrued by recipient households over the life-cycle of LIHTC projects to their allocated tax credits. A simple two-stage empirical procedure is developed and implemented for a selected medium sized MSA. Using hedonic pricing parameters estimated in the first...