Denver, CO (PRWEB) June 22, 2012
Early results of the first comprehensive economic impact analysis of a redevelopment and housing authority were presented today at the National Association of Real Editors Annual Meeting in Denver.
The study examines how specific Norfolk Redevelopment and Housing Authority (NRHA) projects or services affect the larger local economy in the way of jobs, income, output, capital investment, property values and tax revenue.
Ed Ware, NRHA Director of Marketing and Communications, explained that so far the study has measured the impact of redevelopment, Housing Choice Voucher program and assisted-rental housing.
A research team from The College of William and Mary Mason School of Business are conducting the study which is expected to be completed by fall 2012.
Founded in 1940, NRHA is a national leader in community revitalization and fostering sustainable mixed-income communities. As the largest redevelopment and housing authority in Virginia, NRHA plays a key role in making Norfolk the city of choice to build, work, play and live.