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The Effect of Low Income Housing Tax Credit Units on Residential Property Values in Dallas County

This paper examines the effect Low-Income Housing Tax Credit (LIHTC)projects have on neighboring sales prices of single-family homes in Dallas County. The results suggest LIHTC projects that went into place between 1986 and 2003 have a small, positive signifi cant effect on single-family home prices located within 0.5 miles of the low-income units. In particular, homes located within 0.5 miles of an LIHTC project sold for 2.1% more than homes located between 0.5 and 1.5 miles from an LIHTC project.