What is the potential impact on neighboring property values?
Regardless of the intended population group, a $9,000,000 investment of high quality new residential construction always has a positive impact on a community, especially when the location is currently vacant and overgrown. More specifically, as affordable housing has been highly scrutinized across the country in the past years, there have been many independent studies completed on the subject. There is overwhelming evidence that affordable housing does not negatively impact property values, and often increases them.
