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100			_aFreemark , Yonah _955927
245			_aUpzoning Chicago: _bImpacts of a Zoning Reform on Property Values and Housing Construction/
260			_bSage, _c2020.
300			_aVol 56, Issue 3, 2020:( 758-789 p.).
520			_aWhat are the local-level impacts of zoning change? I study recent Chicago upzonings that increased allowed densities and reduced parking requirements in a manner exogenous of development plans and neighborhood characteristics. To evaluate outcomes, I use difference-in-differences tests on property transaction prices and housing-unit construction permits. I detect significant, robust increases in values for transactions on parcels that received a boost in allowed building size. I also identify value increases for residential condominiums, indicating that upzoning increased prices of existing housing units. I find no impacts of the reforms, however, on the number of newly permitted dwellings over five years. As such, I demonstrate that the short-term, local-level impacts of upzoning are higher property prices but no additional new housing construction.
773	0		_09296 _916911 _dSage Publications _tUrban Affairs Review
856			_uhttps://doi.org/10.1177/1078087418824672
942			_2ddc _cEJR
999			_c13823 _d13823