Low-income housing doesn’t hurt neighbors’ home values, study finds
“Young charted the rate of growth in home values around each of 230 housing developments built from 1996 to 2006 in the Chicago area using low-income tax credits. After 2006, the effects of the housing crash on home values ‘introduced unpredictability into the data,’ she said. She charted one line for home values within 2,000 feet of a low-income project, and another for homes between 2,000 and 4,000 feet away. The two lines tracked nearly identical paths, Young said, with the rate of appreciation roughly the same for homes near low-income housing developments as for those farther away, in the decade following construction, according to Young’s data.”