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Archived Items 4

CAN-DO celebrates completion of the renovation of the Falmouth and Jackson Road Properties

Falmouth Road

Mayor David Cohen joins Josephine McNeil for the open house at the Falmouth Road apartments.


Jackson Road

Mayor David Cohen, Maria Wilson from the Banknorth Charitable Foundation, Josephine McNeil, and Aida Franquiz from Banknorth recognize the $15,000 donation from Banknorth to CAN-DO at the opening of the Jackson Road apartments.



New Study Shows Affordable Housing Does Not Negatively Impact Property Values

The MIT Center for Real Estate released a study today that concludes that mixed-income rental housing developments in Massachusetts do not the lower property values of nearby single family homes. The study includes case studies of seven projects in the six communities of Mansfield, Littleton, Norwood, Randolph, Wilmington, and Woburn.

All of the projects are mixed income rental developments built under Chapter 40B between 1985 and 2000.

The authors compared sales prices of single family homes nearby the mixed income developments ("impact areas") with sales prices in the community at large ("control area") over a long period to time. They concluded: "The empirical analysis for each of the seven cases indicated that the sales price indexes for the impact areas move essentially identically with the price indexes of the control areas before, during, and after the introduction of a 40B development."

FULL STUDY CAN BE FOUND ON CHAPA's WEBSITE - www.chapa.org under Housing Highlights.




See more recent "What's New" items on the What's New page.

See older "What's New" items on older archive page 3.

 

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Copyright (C) 2005 Citizens for Affordable Housing in Newton Development Organization. All Rights Reserved

 

CAN-DO, affordable housing, transitional housing, congregate living, Newton, Massachusetts, Josephine McNeil, YIMBY, Louis H. Garfield House, Christina Street, Kayla's House, Kayla A. Rosenberg, Highlands Glen Condominiums, Webster Street, U-CHAN, Uniting Citizens for Housing Affordability in Newton, Ted Hess-Mahan, federal HOME program, CDBG, Young Parent Program, NWW, NCSC, Newton Community Service Centers, DMH, DMR, SRO, Community Preservation Act, Newton Community Preservation Committee, zoning, non-profit, moderate income, Bob Swett Excellence in Housing Award, Newton Womens' Commission, Newton2000