Bringing the Campus to the Community

This case study examines a campus-community partnership conducted by Clark University, the University Park Partnership. Since 1995, this partnership has focused on improving educational opportunities and other neighborhood amenities for residents of the target zone. The study compares developments in the market for housing inside and outside of the target zone after establishment of the partnership. Although the turnover of properties changed little, owner-occupancy within the target zone increased substantially. Evidence from repeat-sales indices and hedonic analysis of the sales prices of homes points to a significant capitalization of benefits within the target zone.