Unpacking the power of privileged neighborhoods
Conventional wisdom says that place matters more for people who live in distressed neighborhoods—places with low median incomes and not a lot of opportunity. That’s why policymakers have traditionally focused on one of two place-based solutions. Community development grants and tax breaks, for example, are aimed at improving conditions by luring investment into disadvantaged areas. Housing voucher programs, meanwhile, are supposed to help low-income families escape distressed neighborhoods and move to ones with higher median incomes and better educational outcomes.