Photo courtesy Images Money
Brett Coomer Photo courtesy Images Money

A recent study from Trulia analyzed the nation's 20 least affordable housing markets and the low-income housing built over the last decade, finding that the subsidize housing had no effect on property values over the decade. Houston Chronicle staffer Erin Mulvaney uses the results of this study to show why opponents of affordable housing have little reason to fear low-income housing.

Trulia's study does give two exceptions, Denver and Boston, where property rates grew and shrunk respectively. However, there is also a bottom line:

"The bottom line for NIMBYs (not in my backyard) who fear that property values will take a hit when a low-income housing project locates nearby is that their anxiety is largely unfounded – at least in cities where housing is either expensive or in short supply," the report says.

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