The Affordable Housing Pipeline   presented by   Jamboree Housing Corporation

Does affordable housing drive down property values?

Jamboree’s Bonterra affordable family community pool in Brea, CA

Research continuously shows that affordable housing has no negative impact on the price or frequency of sales of neighboring homes. Numerous studies over time from around the country support the general notion that affordable housing has no negative impact on surrounding property values – especially when it is thoroughly integrated into the neighborhood.

A 10-year housing study by Trulia looked at 20 of the most expensive housing markets in the country, nine of which are in California. The study found that in these high-priced markets, building affordable housing had no effect on surrounding homes. And in one market, homes located near affordable housing experienced an increase in value.

That's possible because affordable housing development in many areas enhances the community by reclaiming run-down or abandoned property. Jamboree has converted empty, weed-infested remnant parcels adjacent to freeway off ramps into vibrant apartment communities that enhance a community’s image.

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