The Blight-Busting Tactic That Pays Huge Dividends for Real Estate Values

Neighborhoods achieve significantly more improvements by rehabilitating vacant rowhouses than by introducing new construction.

1 minute read

October 8, 2016, 1:00 PM PDT

By James Brasuell @CasualBrasuell

Jon Bilous / Shutterstock

Over a quarter century, West Philadelphia neighborhoods were improved significantly more by the rehabilitation of vacant rowhouses than the introduction of new construction, according to the major finding of a study by May 8 Consulting and Reinvestment Fund released this month. In addition, the study found that scattered site rehabilitated housing also cost less to construct and used less taxpayer money. The findings have wide implications for policy makers.

Read more about the study in an article written by May 8 CEO Karen Black for Sightline. Sandy Smith also reported on the results of the study for Next City.

Hat tip to May 8 for sharing the news of the study.

FULL STORY: Think Scattered Site Rehab Is Too Expensive? Think Again.

Wednesday, October 5, 2016 in Shelterforce Magazine

Housing Pennsylvania Scattered Site Housing Affordable Housing Blight Vacant Properties View More

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