Distressed city neighborhoods need green investment
Posted: March 22nd, 2010 | Author: mfguide | Filed under: Costs, Operations | No Comments »Much of my portfolio consists of Class B and C multifamily populated by working class residents. Even in good times, many of these residents live paycheck to paycheck or one significant car repair from having to move. Are there things that we as apartment owners can do to improve our resident’s financial health?
Low-income city dwellers must pay up to thirty percent more for food compared with low-income rural and suburban residents, primarily due to food transport costs and postharvest losses. And healthy foods, particularly produce, might not be available at all. Likewise, heavy air pollution loads contribute to high rates of asthma in poor urban communities, several times the national average.
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