The price and allocation effects of targeted mandates: Evidence from lead hazards

Several states require owners to mitigate lead hazards in old houses with children present. I estimate the mandates’ effects on housing markets. My empirical strategy exploits differences by state, year, and vintage. The mandates decrease prices of 7.1 percent, acting as a large tax owners. Moreover, families become 11.3 percent less likely live houses. Increases rents for family-friendly suggest that have important distributional consequences. These findings are relevant evaluating similar such healthy homes standards.