Thursday, May 14, 2009

Major Investments in Neighborhoods Useless

A not-yet published report by the research institutes SEO and Atlas, on behalf of municipalities, shows that the hundreds of millions of Euros that housing corporations have invested to improve the viability of neighborhoods have been wasted. In 2007 they spent 305 million Euros. The research shows that sometimes these investments even have a negative effect because only a few people benefit and others feel excluded.

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