One study calculated that the city of philadelphia spends more than 20 million annually to maintain some 40000 vacant properties which cost a conservatively estimated 5 million per year in lost tax revenue to the city and school district 26 in their 2005 chicago study apgar duda and nawrocki estimate direct municipal costs ranging from . The real deal los angeles the costs of the new affordable housing laws as a surprise to no one developers and other real estate industry insiders are a bit more critical of the 15 laws . The effects of vacant and abandoned property part ii a public nuisance a public nuisance and maintenance services on vacant properties owned component of the office of justice programs which also includes the bureau of justice statistics the national institute of justice the office of juvenile justice and delinquency . As the stock of housing assisted with federal funds ages and the number of families experiencing housing affordability problems grows the federal government faces a number of management challenges and policy issues in its efforts to support and preserve affordable rental housing. No ones home effects of vacant homes on area residents the home foreclosure and vacancy epidemic has affected all regions of the united states but there has been limited empirical
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