There was no drag on nearby property values, and even an uptick in Denver, according to
the Wall Street Journal story.
Excerpt:
The majority of metro areas in the study, which included most coastal markets in California, along with New York City, Miami, Denver and the Pacific Northwest, saw no significant differences in prices after low-income housing was built.
There were a few exceptions: In Boston and Cambridge, Mass., home values closest to low-income housing increased at a slower pace than the area slightly farther away, amounting to a difference of between $18 and $19 per square foot.
In Denver, the opposite happened: Prices for homes closest to the low-income housing grew at a faster rate than the more distant ones.
Read the rest
here.
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