The Effects Of Impact Fees On Multifamily Housing Construction*

2006/01/10 by Gregory Burge, Gregory S. Burge, Keith Ihlanfeldt +1 · 4 citations
Economics, Econometrics and Finance · #Housing Market and Economics #Fiscal Policy and Economic Growth #Economic and Environmental Valuation

paper · doi:10.1111/j.0022-4146.2006.00431.x

Abstract

Abstract. Development impact fees may create more housing opportunities for lower‐income households within suburban areas if there is a fiscal incentive behind the adoption of exclusionary land‐use regulations. Using panel data estimation techniques that allow us to control for unobservable heterogeneity and potential endogeneities, we estimate the effects of different types of impact fees on multifamily housing construction using data from Florida counties. Impact fees earmarked for public services other than for offsite water and sewer system improvements are found to expand the stock of multifamily housing construction within inner suburban areas. Water/sewer impact fees, on the other hand, are found to reduce construction throughout the entire metropolitan area.

Cited by

• A New Measure of the Local Regulatory Environment for Housing Markets: The Wharton Residential Land Use Regulatory Index
• The effect of land use regulation on housing and land prices
• Impact fees and single-family home construction
• Housing supply price elasticities revisited: Evidence from international, national, local and company data

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