Appraisals are sometimes viewed as just another item on a development deal’s to-do list. But far from being innocuous and inconsequential, appraisals based on recently overvalued properties and questionable net income projections can have a major impact on rental prices, ownership incentives, and housing affordability.
The history of community development in the Bronx offers many lessons on the crucial importance of the deep involvement of community members in charting a path forward for their own communities.
Over the years, UNHP has contributed to the conversation about what’s actually happening in the Bronx—in particular the Northwest Bronx. We are planning to do that in this space over the next few months through a series of blog posts. The new 2017 blog series will be subtitled "Views from the Northwest Bronx." We hope you will read and share.