Full Citation
Title: The 421-a Tax Abatement Program: Affordable Housing Policy and its Effect on characterizing Brooklyn Communities
Citation Type: Dissertation/Thesis
Publication Year: 2016
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Abstract: This paper focuses on the 421-a Tax Abatement Policy by analyzing data on Brooklyn communities in New York City. The paper is motivated by my experience as an Urban Studies Major attempting to incorporate my Economics background as well as my passion for New York City and its urban development. I will use regression analysis to look at the Geographic Exclusion Area (GEA) designated by the city, which requires creation of affordable housing in order to receive important tax benefits towards the development projects. The data analysis shows that although there exists an initial positive outcome from the policy treatment, in the long term there appears to be larger negative effects that work against the goals of the 421-a Program. The variables of interest are Household Income, Minority Status, English Ability, and Citizenship. One of the major assumptions of the paper is that once a space is designated as GEA, there is an intangible change that signals to the community that the space in more affluent. This paper finds that the Geographic Exclusion Area plays an important role in its designation of a space and the fact that GEA spaces are empirically wealthier.
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Authors: Hong, Jonathan
Institution: Vassar College
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Degree: Bachelor of Arts in Urban Studies
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Pages: 44
Data Collections: IPUMS USA
Topics: Housing and Segregation, Other
Countries: United States