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Rental property near affordable, mixed income housing?
Hi All,
I am new to real estate and would love to get some advice. I am considering purchasing some single family homes in durham NC but have learned there will be plans to develop a 740 unit "affordable, mixed income properties" with retail space within a block of it. The area is currently undergoing transition. Here is a link to the units being developed.
https://www.housingfinance.com/developments/developers-annou...
Do these "affordable, mixed income" properties typically increase or decrease surrounding property value? Will these additional units make it harder to rent my property?
Thanks for any input!