David makes some excellent points. Here's some additional help from the research:
I don't believe they were trying to evaluate the difference between a subsidized nonprofit developer and a private developer who doesn't take any subsidy. I think the original intention was to see if there was any truth to the urban legend that subsidized housing decreases property values and contributes to degradation of a neighborhood. Their conclusion in terms of cost value was that property values increase with subsidized nonprofit developers while property values decrease with public housing and subsidized, private developers. "From page 51 of the study: "We also find that the condition of the private housing market and the practices of private landowners are more important determinant of property values than the existence of subsidized housing." I also think the overall impact of onsite management was a big factor in livability if I remember the entire study correctly. As for methodology in terms of price, they studied two to three block areas around a property with a price model that incorporates a series of building and lot characteristics. They used data from the City of Minneapolis Assessor's Office from 1988 and 1994 using one as a control over time. Please remember, I'm not necessarily advocating for Lydia House, just trying to deepen the discussion. Russ Peterson R u s s e l l W. P e t e r s o n Saint Michael, Minnesota [EMAIL PROTECTED] ____________________________________ "You can only fly if you stretch your wings." _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
