How does affordable housing affect home values in my neighborhood?
A. Affordable single-family and multi-family units will have no adverse affect to property values within a neighborhood. In general, affordable single-single family homes appraise for market value. Affordability is the result of financial assistance on the part of the City to the low- or moderate income homebuyer (or developer in the case of rental) to ensure that housing costs do not exceed 30 percent of a household’s income.
