Theses Master's

The Value Effects of Community Land Trusts: Determining the Value Influence of CLT Properties on Market-Rate Real Estate in Durham, North Carolina

Urrutia, Felipe

This study explores the influence of community land trust (CLT) properties on the value of surrounding market-rate real estate. This research focuses on a large CLT in Durham, North Carolina called the Durham Community Land Trustees (DCLT). I use a hedonic price regression model at different data scales to estimate the significance of proximity to a DCLT property on the sale price of market-rate real estate. At close range to DCLT properties, the regression showed no statistically significant relationship between the presence of a DCLT property and market-rate sales prices. At a city-wide scale, however, the regression results showed a negative correlation between proximity to DCLT properties and market-rate sale prices, suggesting that sales were higher farther away from the DCLT properties.

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More About This Work

Academic Units
Urban Planning
Thesis Advisors
Slater, Thomas S. J.
M.S., Columbia University
Published Here
May 29, 2024