Impact of Supportive Housing on Surrounding Neighborhoods
Furman Center for Real Estate & Urban Policy, 2008
This landmark study examines the impacts of supportive housing on neighborhood property values. The report focuses on 123 residences opened between 1985 and 2003 in New York City. It finds that supportive housing does not have a statistically significant impact on the value of properties within 500 feet. Rather, the findings reveal a steady growth in property values for neighboring buildings. The researchers conclude that “the evidence refutes the frequent assertions by opponents of proposed developments that supportive housing has a sustained negative impact on neighboring property values.” New York University's Furman Center for Real Estate & Urban Policy released this study, which ranks easily as the largest-scale analysis ever on supportive housing and property values.
Research category: Neighborhood Impact