The Real Estate Institute at Stony Brook University’s College of Business conducted a study where they followed 14 multifamily developments in 10 different school districts across Nassau and Suffolk counties.
The study found that, over the last decade, new developments:
- Accounted for 3,928 units of housing.
- Produced only 313 new students (1 student per 10 housing units).
- Were tax-positive for their communities.
- Brought in occupants that lead to new property and school taxes and took advantage of the school at a much lower rate than single-family occupants.
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