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The Political Economy of Environmental Justice$
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H. Spencer Banzhaf

Print publication date: 2012

Print ISBN-13: 9780804780612

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804780612.001.0001

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Does Environmental Remediation Benefit the Poor?

Does Environmental Remediation Benefit the Poor?

Chapter:
(p.52) 3 Does Environmental Remediation Benefit the Poor?
Source:
The Political Economy of Environmental Justice
Author(s):

Jacob L. Vigdor

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804780612.003.0003

This chapter examines a number of important caveats for the prediction that cleanup triggers price increases. An important factor is that many environmental justice communities have low occupancy rates for their housing stock. These vacancies represent slackness in housing supply conditions. Even if cleanup increases the demand for housing in the community, the slack may be more than able to absorb this new demand without any effect on prices. Showing the importance of such exceptions, this chapter then examines communities near Superfund sites and finds little evidence for increases in housing prices after they became eligible for federal cleanup dollars by being listed on the Superfund National Priority List.

Keywords:   environmental justice, occupancy rates, housing supply, Superfund sites

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