The Federal Reserve Bank of Boston’s New England Public Policy Center is pleased to release new research:
Can Subsidized Housing Help Address Homelessness in New England?
By Robert Clifford and Osborne Jackson
This report examines the scope of homelessness in New England and the potential role of subsidized housing in alleviating homelessness in the region.
The report finds that the number of sheltered homeless families in Massachusetts and Vermont is on the rise, driving an increase in measured homelessness in New England. The authors consider three theories for the cause of the increase: the interaction of national market forces and area-specific shelter policies, area-specific market forces, and challenges in accurately measuring the homeless population.
The research also explores the extent to which increased affordable housing can decrease neighborhood homelessness in moderately poor areas, focusing on the Low-Income Housing Tax Credit (LIHTC) as a source of subsidized housing. The authors find that local increases in subsidized housing are likely to reduce neighborhood homelessness, especially in New England.
The full report is now available at the New England Public Policy Center’s website: www.bostonfed.org/neppc