Shut down HUD funded HCHA Section 8 Housing on Westlock and 249
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This is important because several researchers found that larger, more concentrated affordable housing developments (140 units or more) were more likely than smaller developments to have a negative impact on nearby property values. For example, a 1993 study by Robert Lyons and Scott Loveridge of subsidized housing in Ramsey County, Minnesota, found substantial reductions in property values when the housing was [140 units or more] clustered. In a 2007 study, Ingrid Ellen and her colleagues found that federally subsidized rental housing in New York City that was larger more concentrated developments decrease nearby property values within the first three years of completion.
Galster, in his literature review, suggests there is a widespread pattern of threshold negative effects once a critical mass of assisted housing sites or units are located in a neighborhood. The effects are most acute in lower value neighborhoods, he maintains, but even in higher value neighborhoods, the concentration of sites or units can lead to negative effects on property values.
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