HOMELESSNESS AND PROPERTY VALUES
A nice piece in today's Inky about a study we did for Project HOME on the effect of their locations on nearby property values: "Project HOME Confounds Property-Value Naysayers." As much as most homeowners would cringe at the thought of a comprehensive treatment facility for homeless people in their neighborhood, it turns out they may have a positive effect on property values: a 6.8 percent annual increase for properties within a quarter-mile of a Project HOME site, versus a 5 percent increase for all properties in the City.
I did not get a chance to work directly on the study, but read a draft a few months back and found it very well done, and eagerly awaited when it would be released, so I could officially talk it up. So much for the naysayers, who are quoted in the article as saying that such facilities would bring "crudeness and evil" to their neighborhoods.
Too Short for a Blog Post, Too Long for a Tweet 551
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