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MARCH 2010

Florida existing home sales
24%
Florida existing condo sales
81%
Florida existing home median price
$130,900
Florida existing condo median price
$97,300
National existing home median price
$164,700
Florida consumer confidence
72
National (Freddie Mac) mortgage rate
(all housing type)
4.95%
    

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 LOW INCOME HOUSING Minimize
Location: BlogsMarket News    
Posted by: Allyson Chambers 3/16/2010 6:44 AM
Low-income housing programs managed by the Federal Home Loan Bank of Atlanta have had a positive impact on the area’s low- and moderate-income residents by creating more jobs and jump-starting the retail economy, according to a study released Thursday.

Research from The Shimberg Center for Housing Studies at the University of Florida tried to quantify the ripple effect of the $380 million that the bank has provided to build more than 60,000 units of housing between 1990 and 2009.

The study found:

• Every $1 million in funding resulted in $14.3 million worth of new or rehabbed housing.

• Each $1 million in funding created 158 jobs.

• Since 1989, funding from the bank has generated more than $811 million in tax revenue, representing $2.79 in taxes for each $1 of funding.
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