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*In my Maury voice*
The results are in and decades of evidence show: low-income housing, you are NOT the reason for home value depreciation and crime. Racism and classism are.
The results are in and decades of evidence show: low-income housing, you are NOT the reason for home value depreciation and crime. Racism and classism are.
. @trulia studied 20 US markets. Of those, there was a negative impact in only 2 cities, Boston and Cambridge. In Denver, there was actually an $7 per square foot increase in value. https://www.google.com/amp/s/www.curbed.com/platform/amp/2016/11/30/13792520/real-estate-low-income-housing-property-values-study
According to @FurmanCenterNYU, “the vast majority of studies have found that affordable housing does not depress neighboring property values, and may even raise them in some cases.” https://furmancenter.org/files/media/Dont_Put_It_Here.pdf
Even @HUDgov found in 1999: “In general, at distances of 500 feet or less, subsidized housing sites or tenants have a positive effect on the sales prices of single-family homes.” https://www.huduser.gov/portal/Publications/pdf/assess_1.pdf
reporting from @propublica showed that we CANNOT blame individuals for the concentrated poverty, over-policing, and other situations of disinvestment and state-sanctioned violence they are FORCED into via residential segregation. https://www.google.com/amp/s/www.propublica.org/article/separated-by-design-why-affordable-housing-is-built-in-areas-with-high-crime-few-jobs-and-struggling-schools/amp
A n’hood-level study from @Stanford found low-income housing 
values and 
crime in lower income neighborhood. But values in higher income neighborhoods, attributable to ARTIFICIAL depreciation caused by racist/classist phenomenon of “White flight.” https://www.gsb.stanford.edu/insights/affordable-housing-good-neighborhood
values and crime in lower income neighborhood. But values in higher income neighborhoods, attributable to ARTIFICIAL depreciation caused by racist/classist phenomenon of “White flight.” https://www.gsb.stanford.edu/insights/affordable-housing-good-neighborhood
Some very smart @Cornell-ians used regressional analysis and observed a positive correlation between low-income housing and reduction in crime at the neighborhood level and reduction in violent crime at the county level. https://paa2011.princeton.edu/papers/110122
MEANWHILE, @andreperryedu with @BrookingsInst found that in the average metro, homes in majority-Black n’hoods are worth HALF that of homes in n’hoods with few to no Black residents. https://www.brookings.edu/research/devaluation-of-assets-in-black-neighborhoods/
Call it coincidence, call it what you will but....87% of home appraisers were White in 2017 and 75% were men. 
https://www.appraisalinstitute.org/assets/1/7/U.S._Appraiser_Demos_3_1_16.pdf
https://www.appraisalinstitute.org/assets/1/7/U.S._Appraiser_Demos_3_1_16.pdf
As Dr. Henry Taylor recently said about what he calls Segrenomics: “The valuation of White residential space is determined by the DEVALUTION of Black space [and people]. White exclusivity allows industry to inflate costs.” https://www.google.com/amp/s/www.housingwire.com/articles/nareb-town-hall-here-are-strategies-to-improve-black-homeownership/amp/
But we know that the benefits of inflated costs are concentrated and the spillover of residential segregation hurts our overall economy.
Chicago alone loses $8 billion/yr in regional GDP. https://www.metroplanning.org/uploads/cms/documents/cost-of-segregation.pdf
Chicago alone loses $8 billion/yr in regional GDP. https://www.metroplanning.org/uploads/cms/documents/cost-of-segregation.pdf
A racial equity analysis from @policylink and @USC found that LA County loses $379 billion/yr in GDP because of racial inequity. Racial income gaps exacerbated by residential segregation cost the county $380 billion in GDP in 2014. https://dornsife.usc.edu/assets/sites/242/docs/EquityProfile_LA_Region_2017_Full_Final_Web.pdf
The same report also finds that LA County’s largest increases in POC population were in “far-flung” outer ring suburbs. A consequence of communities of color being priced out of city centers.
Anyway, a few findings from a @pewresearch analysis of suburban counties... https://www.pewsocialtrends.org/2018/05/22/demographic-and-economic-trends-in-urban-suburban-and-rural-communities/
90% are majority-White
Lack of affordable housing was second-most pressing issue
Over half of suburbanites think it’s important to live in racially/ethnically diverse communities.
In sum, dismantling fair housing and AFFH ain’t it. In a world where BIPOC are most likely to live in poverty and be unstably housed, the availability of low-income housing in every community is racial justice. And any community blocking such housing should be held accountable.
