LEARNING AREA: Economic Development, Real Estate Development
Strengthening Housing Investments for Community Revitalization – A Multifaceted Research Study
Keri-Nicole Dillman, PhD; CHAPA; DHCD;
A new report, Strengthening Housing Investments for Community Revitalization: Research for Massachusetts Policy and Practice, concludes that enlisting affordable housing production as part of the revitalization of distressed neighborhoods ‘makes sense.’ Research from across the country demonstrates that producing Low Income Housing Tax Credit (LIHTC) housing in high poverty neighborhoods positively impacts the immediate surrounding neighborhood – in terms of modest property value gains and increased safety. This paper provides recommendations to consider for sharpening goals and tools to advance community revitalization in Massachusetts, particularly through the Qualified Allocation Plan.