Recently, Redfin issued an analysis it performed looking at over 220,000 home sales and found NO consistent relationship between the addition of low-income housing and changes in home prices. In fact, in 4 metro areas homes sold for more after construction of low-income housing.
Redfin researched 26 metro areas in the US. However, the study also showed that there is continues to exist economic segregation with the challenge creating economic integrated neighborhoods. These types of neighborhoods are rare in the US according to Redfin.
If you have any questions, please contact Mary Levine.
Mary P. Levine is an attorney with Fraser Trebilcock, focusing on affordable housing and community development. Mary was the former President and Secretary of the Greater Lansing Housing Commission (GLHC). She can be reached at mplevine@fraserlawfirm.com or (517) 377-0823.