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News from Gale Brewer

IBO study: How homeless facilities impact property values

A New York City Independent Budget Office study I requested shows how housing property values are affected by certain types of homeless facilities within 1,000 feet. Transitional shelters appear to drop property values only modestly, while permanent supportive housing doesn’t affect values at all.

Facts unearthed by solid research like this are what public policy should be based on, and permanent shelters are clearly what the de Blasio administration should be focused on.

Read the full IBO report here.

Categories: News from Gale Brewer