SUBSCRIBERS
Affordable housing in black neighbourhoods can lead to greater racial and income integration: study
Published Fri, Jul 7, 2017 · 09:50 PM
Washington
DESPITE the lawsuits, media spotlight, and conventional wisdom, affordable housing developments built in poor, heavily black communities can lead to greater racial and income integration, according to new research by Stanford economists.
Such housing, funded by federal tax credits, also raises property values and lowers crime in surrounding neighbourhoods as higher-income white residents move in, the researchers found.
"W…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases