Report Assesses Costs of New Housing Developments

Public Policy Center at UMass Dartmouth
 

Massachusetts has a low rate of home building that is in part a consequence of local resistance and concern regarding potential financial risks to the community. Residents and political leaders often fear that new developments will burden public schools and other municipal services.

To assess if these concerns were valid, Goodman, Korejwa, and Wright revisited research conducted in 2007 to explore if the financial benefits of six new housing developments in Massachusetts outweighed the costs.

Their research revealed that, in the aggregate, the cost of providing services to residents of new housing developments is significantly lower than the tax revenue generated by these new residents.

The authors conclude that many misinformed communities are missing out on opportunities to generate much needed state tax revenue and address the various housing needs of its residents.

Click here to read the report. 

 

 
 

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