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| Study Shows Low-Income Housing Does Not Impact Property Values |
| By Zoe Eisenberg |
As markets across the country stretch tight with low inventory and high selling prices, many homeowners fear, and even boycott, low-income housing. Specifically, homeowners are wary of the integration of HUD-supported Low Income Housing Tax Credit (LIHTC) housing projects. Why? Some believe that these government-supported homes may lower the values of properties nearby. A recent study powered by Trulia wipes these fears clean by setting the table with surprising news: in the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no negative effect on nearby home values. We repeat: No. Negative. Effect. ...
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Thomas Wolfe’s autobiographical novel, Look Homeward, Angel tells the story of a fictionalized Asheville, N.C. In it he writes, “Dull people filled him with terror.” This observation makes sense, given that only a handful of people lived in the small town of Montford when Wolfe was
