Project H.O.M.E.‘s Fiscal Impact on Philadelphia Neighborhoods
Econsult Corporation, 2007
This study quantifies supportive housing’s impacts on neighborhood property values in Philadelphia. In particular, the report looks at 15 residences opened by Project H.O.M.E. between 1990 and 2004. The researchers compare this data set with overall housing values across Philadelphia between 1980 and 2006. Findings reveal that homes near Project H.O.M.E. residences appreciate in value 2% per year higher than the city average. Such evidence goes against the allegation that supportive housing depreciates neighborhood property values. The report was submitted to Project H.O.M.E. by Econsult Corporation.
Research category: Neighborhood Impact