An analysis by real-estate listing website Trulia in the 20 highest-priced U.S. housing markets from 1996 to 2006 found that residential property values near low-income housing were not significantly impacted.
The study looked at more than 3,000 low-income housing projects and their surrounding neighborhoods. Home values within 2,000 feet of low-income housing projects were largely the same as homes between 2,000 and 4,000 feet from these projects.
Some of the least affordable markets have experienced resistance to building affordable housing, with some opponents claiming these projects depreciate nearby home values. Opposition to affordable housing development has surfaced in tight housing markets across the country such as San Francisco, New York, and Seattle.
San Jose, Calif., was the most aggressive in adding low-income housing units (7.81 per 1,000 people) during the decade, Trulia says. By contrast, Oakland, (0.52 per 1,000 residents) added the fewest units per capita.
Of the 20 markets examined, Denver was the only metro area where homes located near low-income housing projects experienced an increase in price per square foot after a project was completed. In Boston and Cambridge, Mass., however, low-income housing projects had a negative effect on the value of nearby homes, suggesting a region-specific market effect. Affordable housing projects in most of the other areas had no significant impact on home values.
Related Stories
Codes and Standards | Jul 24, 2019
New York making slow progress on resiliency seven years after Hurricane Sandy
Property owners face many challenges; coastal defense project plans are complex and need more time to plan.
Codes and Standards | Jul 23, 2019
Berkeley, Calif. passes nation’s first ordinance to make new buildings all-electric
No gas hook-ups will be allowed in new houses, apartments, and commercial buildings.
Codes and Standards | Jul 22, 2019
San Francisco office building is city’s first structure certified by BREEAM USA for existing buildings
The Landmark @ One Market is one of San Francisco’s most architecturally distinctive buildings.
Codes and Standards | Jul 16, 2019
ASCE seeks comments on update to Calculation Methods for Structural Fire Protection standard
Pertains to fire resistance rating times.
Codes and Standards | Jul 15, 2019
USGBC calls for proposals for feedback, concepts for next LEED version
The move follows successful public input on LEED 4.1.
AEC Tech | Jul 15, 2019
Lack of standards hampers development of exoskeleton industry
Guidelines, common terminology, and testing methodology are needed, says expert.
Concrete | Jul 8, 2019
Concrete repair code requirements released
American Concrete Institute offers guidance on assessment, repair, rehab of existing concrete structures.
K-12 Schools | Jul 8, 2019
Collaborative for High Performance Schools releases 2019 Core Criteria Version 3.0 Update
The update adds credits to lower carbon footprints and to promote climate change resiliency.
Wood | Jul 8, 2019
Campaign launched to promote ‘climate-smart wood’
The Forest Stewardship Council and other groups aim to help buyers understand and make it easier to locate lumber that meets sustainable forestry standards.
Urban Planning | Jul 8, 2019
U.S. cities experience ‘Doppler shift’ in walkable urban development
The walkability trend is spreading to urbanizing suburbs.
