1991
DOI: 10.1177/095207679100600302
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Government by Grant: The Case of Housing Renovation

Abstract: Public policies increasingly consist of attempts by governments to modify market processes. A major market based policy instrument is the payment of cash incentives to private individuals and organisations. This paper evaluates the success of one such policy, housing grants which are intended to stimulate renovation activity. A statistical model of renovation by private households is specified and tested. The explanatory variables in the model include grants, local property taxes and measures of the characteri… Show more

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Cited by 3 publications
(2 citation statements)
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“…The study by Simons et al (2003) evidenced that substantial economic benefits, such as increased property value, enhanced tax base and job creation, could be returned from the state's investment in assisting housing rehabilitation. In the UK, renovation grants for the improvements of sub-standard housing were first introduced in the 1949 Housing Act (Boyne et al, 1991). The grants were matching in nature, and applicants were required to meet a percentage of housing improvement costs from their own resources.…”
Section: Why Subsidise Housing Rehabilitation?mentioning
confidence: 99%
“…The study by Simons et al (2003) evidenced that substantial economic benefits, such as increased property value, enhanced tax base and job creation, could be returned from the state's investment in assisting housing rehabilitation. In the UK, renovation grants for the improvements of sub-standard housing were first introduced in the 1949 Housing Act (Boyne et al, 1991). The grants were matching in nature, and applicants were required to meet a percentage of housing improvement costs from their own resources.…”
Section: Why Subsidise Housing Rehabilitation?mentioning
confidence: 99%
“…Subsidisation is a second means of state intervention. Grants and loans have been offered to property owners for improvements (including maintenance and rehabilitation) to their properties around the world (e.g., Whalley, 1988;Boyne et al, 1991;Scanlon, 2010;Yau et al, 2013). Third is a state-led redevelopment programme that aims to replace unsafe properties with safe ones (Yau, 2011;Ho et al, 2012;Kotze, 2013).…”
Section: Introductionmentioning
confidence: 99%