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A 2015 study published in Urban Studies by researchers at Texas A&M University, titled “Unpacking the impacts of the Low-Income Housing Tax Credit program on nearby property values,” questions the perception of affordable, subsidized housing driving down housing prices in surrounding buildings. It looks at changes in housing prices before and after the introduction of LIHTC-subsidized housing. Researchers examined data from Cleveland, Ohio, and Charlotte, N.C., from 1996 to 2007, classifying properties based on the proximity to LIHTC developments.
