Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 26/08/2020
Author
Published By Courtesy of LHB, Inc.
Edited By Suneela Farooqi
Uncategorized

Does Affordable Housing Cause Nearby Property Values to Decline in America

It’s a common scene at a community hearing: local residents lined up behind the microphone waiting to testify about a proposed affordable rental housing development. Some are voicing concerns that the development will decrease property values in their neighborhood. Their concerns are understandable they want to protect their investment in their homes. On the other side, housing advocates and prospective residents argue with equal passion. They want to live in affordable homes with access to jobs, schools, and other amenities for themselves and their children. Affordable housing, they argue, will not affect the home values of residents already in the community.

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