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Article: Results from Affordable Housing Study Demonstrate Cost Savings in Properties with Resident Services

Article from:
U.S. Newswire
Article date:
April 18, 2007
Copyright

To: REAL ESTATE EDITORS

Contact: Rachel Maleh of the Enterprise Foundation, +1-410-772- 5285, or cell, +1-301-717-7553, rmaleh@enterprisecommunity.org

COLUMBIA, Md., April 18 /PRNewswire-USNewswire/ -- A report released today by Enterprise Community Partners and Mercy Housing shows that resident services in affordable, family rental housing helps reduce operational costs related to turnover and nonpayment of rent as well as bring significant benefits to the residents of that housing property.

The "Impact of Family Resident Services on Property Performance" study of 36 properties found that in 2005 and 2006, affordable family properties with resident services outperformed similar properties ...

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