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Study: Mixed-income housing pays off, just not right away
['Daily Report Staff']
Baton Rouge Business Report
New research suggests that transforming distressed public housing into mixed-income neighborhoods can deliver long-term economic gains for children—even if it doesn’t immediately raise incomes for current adult residents, The Wall Street Journal writes.
Kids who grew up in HOPE VI neighborhoods earned about 16% more as adults, were more likely to attend college, and—for boys—were significantly less likely to be incarcerated.
The research suggests the benefits stem less from better housing alone and more from stronger connections to thriving communities.
The results are reshaping debates over housing, mobility and place-based economic development—with implications for policymakers, developers and investors focused on long-term workforce and community outcomes.
The Wall Street Journal has the full story.