Review and Outcomes of the Project
Neighborhood Change
The two main analyses for the Neighborhood Change model focus on the
exploration of median home value and measuring gentrification. It was
found that there was a decrease in MHV from 1990 to 2000 while there was
a large increase in MHV from 2000 to 2010. Gentrification of
neighborhoods may be a factor.
Tax Credit Programs
NMTC Program and LIHTC Program operate very differently from each other.
The NMTC program incentivizes people to invest in community development
and economic growth in low SES neighborhoods while the LIHTC
incentivizes companies to developers to create more affordable housing
options. Due to the nature of the programs being so different, by using
control variables, the impact on the programs can be observed. The NMTC
tends to cover a greater amount of poverty-stricken neighborhoods than
the LIHTC does. Based off of the interpretations in Chapter 3, we can
conclude that both of the programs are effective at catalyzing
neighborhood improvement, but he NMTC Program can be considered more
effective.