Abstract

Early Effects of Neighborhood Stabilization in Los Angeles
Track: Economic Development
Authors: Geoffrey West

In this paper we ask the question, are there positive local economic development impacts that can be reported now, only four years after the first check was written to execute the acquisition, rehabilitation/construction, and mortgaging of foreclosed and vacant properties? Utilizing a method of cluster analysis typically used in geography, our methods allow us to examine the immediate areas around the parcels of properties acquired.