Evaluating the Impact of the Neighborhood Stabilization Program in Detroit
A new data-driven study provides insights regarding the effects of the federal Neighborhood Stabilization Program (NSP) in Detroit, assessing how this place-based policy shaped key housing market outcomes in the aftermath of the 2008 foreclosure crisis. Using recent advances in statistical-econometric techniques, the researchers uncovered useful results about the program’s influence between 2006-2019. This research adds to the handful of studies on the NSP policy, highlighting its unique implications for Detroit.
