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Ali Ata Looks at How Real Estate Helps Communities

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  Ali Ata: The Impact of Development on a Community burohappold.com As you may know, real estate projects can complicate the development of a neighborhood. However, it depends on the nature of the development. Ali Ata mentions that some projects can detract from the character and the quality of living of the people there since they can raise the housing prices and cost of living in the area. That is why real estate firms need to pay attention to the needs of the communities before they even break ground, similar to what many developers have done for neighborhoods throughout the United States. They do this to ensure they contribute to urban revitalization and not drive people out. Real estate can help develop areas responsibly. Just look at what Yale is doing, for example. The university owns many properties in the neighboring areas. It includes homes and commercial spaces. The institution can make sure that it can offer small businesses a reasonable amount of rent, and it can als...