Comment on David Listokin, Barbara Listokin, and Michael Lahr's “The contributions of historic preservation to housing and economic development”: Historic preservation in a neoliberal age

Listokin, Listokin, and Lahr argue that historic preservation can function as a community development tool, but there are numerous deficiencies inherent in this method that make it a less‐than‐desirable way to revitalize. Historic preservation generally leads to gentrification that in turn displaces many low‐income households. The historic rehabilitation tax credit also represents a circuitous means of providing affordable housing that would be more effectively delivered through direct subsidy.