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What's wrong with this picture?

There's an old saying that if it sounds to good to be true, it probably is. Our response to the Wayne Master Plan Revision.

 

The proposed low income and high density housing probably will affect property values and appreciation

Low-Income and high density housing in high-poverty neighborhoods are most likely to generate positive impacts on surrounding property values, while the same housing in middle and high income neighborhoods are least likely to do so and can retard or depress property values within a relatively wide radius of the development. (Journal of Planning Literature Abstract 20/1/15)

The potential of mixed income developments to deconcentrate poverty depends on the ability of these projects to attract middle-income people to developments that are partially subsidized low income housing. (Brophy and Smith, 1997).

 

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