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can you summarize A recent case study on affordable housing in Alexandria, Virginia, published by the Urban Institute, suggests that affordable housing either positively impacts
can you summarize A recent case study on affordable housing in Alexandria, Virginia, published by the Urban Institute, suggests that affordable housing either positively impacts or has no effect on property values. The study found that affordable housing units in areas with above-average income levels are linked to a 0.06 percent rise in property values. In contrast, in areas with below-average income levels, they are associated with a 0.17 percent increase. In Alexandria, affordable housing units are linked to a 0.09 percent increase in property values within a one-block radius of a development, on average, and have no impact on properties located between one and three blocks away. The National Association of REALTORS has been conducting the Housing Pulse Survey since 2003, with the latest version released in 2017. The executive summaries can be found on the provided link. One of the key findings is that 44% of Americans view the lack of affordable housing as a significant or fairly significant issue. Despite common misconceptions that affordable housing decreases property values, the recent study in Alexandria, Virginia, demonstrates that it either increases or has no impact on property values
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