Benefits of Public Housing Rehabilitation in East St. Louis
| DESCRIPTION | PER UNIT | REVENUE | QUANTITY | TOTAL | ||
| One Time Benefits | ||||||
| Increase in Housing Value | HH | 30000 | 97 | $2,910,000 | ||
| Commercial Value of Trees | ||||||
| Oak | per tree | 70 | 200 | $14,000 | ||
| Pines | per tree | 5 | 10000 | $50,000 | ||
| HUD Grant | 800000 | 1 | $800,000 | |||
| SUBTOTAL | $3,774,000 | |||||
| Anuual Benefits | ||||||
| Housing Rent | year | 1920 | 97 | $186,240 | ||
| Commercial Rent | year | 6000 | 5 | $30,000 | ||
| Decrease in Heating/Cooling due to trees | HH |
1
|
97
|
$97
|
||
| Reduction of Police Force | year | 25000 | 5 | $125,000 | ||
| Reduction of Hospital Visits | visit | 50 | 25 | $1,250 | ||
| SUBTOTAL | $342,587 | |||||
| Total Housing Tax Benefits | $474,701 | |||||
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