How does a Reinvestment Area affect property values?
Being in a reinvestment area typically increases property values, as nearby redevelopment occurs and because the designation signals a commitment by local government to the area that encourages private investment. Property values in both the West Alameda corridor and Colfax-Wadsworth reinvestment areas have increased significantly since they were designated, at rates much faster than the citywide average. The same benefit is expected to happen over time in the recently designated West Colfax Corridor.
