Study: Home Ownership Lifts Distressed Neighborhoods

A study by the Fannie Mae Foundation, New York University professors, and a researcher U. S. Census Bureau finds that city programs promoting home ownership increases property values in the neighborhood.

1 minute read

July 31, 2001, 10:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"A survey of home sales in what were among the city's most desolate neighborhoods indicates that new construction and renovation of existing housing through city- subsidized programs that promote homeownership significantly increased property values on neighboring blocks...Housing specialists praised the results of the study and pointed to its policy implications..."

Thanks to Abhijeet Chavan

FULL STORY: City Homeownership Plans Lift Neighborhoods, Study Says

Monday, July 30, 2001 in The New York Times

Housing New York

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