Does affordable housing drive down property values?
Research continuously shows that affordable housing has no negative impact on the price or frequency of sales of neighboring homes. Numerous studies over time from around the country support the general notion that affordable housing has no negative impact on surrounding property values – especially when it is thoroughly integrated into the neighborhood.
In fact, affordable housing development in many areas enhances the community by reclaiming run-down or abandoned property. Jamboree has converted empty, weed-infested remnant parcels adjacent to freeway off ramps into vibrant apartment communities that enhance a community’s image.