New ideas, old buildings : evidence of neighborhood gentrification mitigation and the federal historic preservation tax incentive program
Thesis (M.P.P.)--Georgetown University, 2011.; Includes bibliographical references.; Text (Electronic thesis) in PDF format. With new attention focused on cities, there has been increased scrutiny on balancing the seemingly competing objectives of historic preservation and new urban development. At the convergence of these pressures, the Federal Historic Preservation Tax Incentive Program has been widely lauded for its success in protecting historic structures and creating an incentive for rehabilitation projects for developers. At the same time, critics have portrayed historic preservation as an engine for neighborhood gentrification. This thesis assesses the relationship between the use of real estate projects utilizing the federal Historic Preservation Tax Incentive Program and neighborhood gentrification in San Francisco, California. By first differencing the regression equations on census tract level data from 1990 and 2000, this research finds Historic Preservation Tax Incentive projects to be associated with a narrowing of changes in median income. Policy implications from this study suggest further research into the use of this tax credit with other community development initiatives.
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