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Is Inclusionary Zoning a Proper Remedy for the Affordable Housing Crisis? —A Case Study of IZ Programs in New Jersey and North Carolina
By Xinchen Li
The recent decade witnessed a worsening of the affordable housing crisis across the
country. Inclusionary zoning (IZ) has been a popular municipal remedy for the crisis.
However, it is unclear whether IZ actually adds to the affordable housing stock, and
whether it achieves its goal at the expense of average homeowners. Through a case
study of New Jersey and North Carolina, this paper aims to address these two questions.The results suggest that there is no statistically significant positive relationship between the presence of IZ and the housing price in the two states, but its beneficiary effects are also debatable.
Advisors: Professor Christopher Timmins | JEL Codes: D10 ; R2; R21
The Link between Gentrification and Displacement and the Effects of Displacement on Residents in Los Angeles County
By Ashley Qiang
Over the past decades, gentrification has accelerated across the country. Along with this phenomenon comes growing concern about displacement, although limited research has been dedicated to examining gentrification’s impact on displacement. This paper studies the link between gentrification and displacement, as well as who is more likely to be displaced and the effects on the displaced. The results show that lower-income renters are significantly more likely to be displaced from gentrifying neighborhoods, and they tend to move to worse neighborhoods with lower education quality and higher crime rates.
Advisor: Chis Timmins | JEL Codes: R1, R21, R23
Shale Gas Development and Housing Value in the United Kingdom: Impact of the 13th Onshore Licensing, 2008
By Esther Lho
While shale gas is a prospective energy source, it is known to bring environmental deficits to the drilling neighborhood. Because of such concerns, property values fluctuate upon the possibility of shale gas fracturing. This paper examines the change in housing prices before and after the release of the 13th onshore oil and gas licensing round, which took place in 2008 when shale gas was increasingly being considered as the alternative to ease the United Kingdom’s dependency on coal. Results suggest that the 2008 licensing has caused a 3% decrease in housing price growth rate for the licensed areas.
Advisor: Christopher Timmins | JEL Codes: Q42, Q5, Q51 | Tagged: Consumer Expectation, Fracturing, Hedonic Price, Housing Prices, Property valuation, Shale Gas, United Kingdom