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Do Housing Rehabs Pay Their Way? 449 <br />returned $0.54—$0.56 in fiscal benefits (depending on which measure of central <br />tendency is applied), for every dollar of cost. The range was considerable. On the <br />low end were New Orleans, Louisiana ($0.28 in benefits for each public dollar <br />invested) and LaGrange, Georgia ($0.29), both communities with fairly typical <br />costs but where a major benefit item, property taxes, was not applicable. On the <br />high end was Battle Creels, Michigan ($22.67 in benefits for each public dollar), <br />which was so high because of strong output and virtually no public subsidies .4 <br />Ex i b it 8 1 Total Economic Impacts of 10 NWO Programs <br />J R E R I Vol. 25No, 4 – 2003 <br />29 <br />One Time Benefits° On -Going Benefits6 <br />Panel A: Jobs <br />FTE in organization <br />20.2 2.0 <br />FTE construction jobs <br />195.2 — <br />FTE indirect jobs (retail) <br />5.3 — <br />Total FTE <br />220.8 2.0 <br />Panel B: Minority Contractors <br />FBE contractors <br />31.0 <br />MBE contractors <br />105.0 <br />Total minority contractors <br />136.0 <br />Panel C: Economic Impacts <br />New households to the city <br />40.0 <br />New homeowners <br />70.0 <br />New homeowners <br />102.0 <br />Panel D: Retail/Material Sales <br />Construction material sales <br />$3,993,730 <br />Increased retail sales in area <br />$195,249 $22,669 <br />Total sales <br />$4,188,979 <br />Panel E: Property Values <br />Homes in programs <br />$4,599,545 <br />Neighboring properties <br />$9,159,603 <br />Total real estate value added <br />$13,759,148 <br />Notes: <br />'One time benefits include those benefits <br />that accrue from the construction jobs, construction job <br />spin-offs, new residents to the area and <br />rehabilitated homes, <br />bOn-going benefits include those annual benefits accrued from new residents, rehabilitated units <br />and neighboring properties on a sustained basis. <br />J R E R I Vol. 25No, 4 – 2003 <br />29 <br />