Washington, DC (September 17, 2007)- Senator Hillary Clinton (D-NY) introduced S. 2054 to authorize the Secretary of Housing and Urban Development to make grants to assist cities with a vacant housing problem, and for other purposes.
The Alliance for Community Trees is encouraging trees to be included in this bill. Trees help real estate to return higher property values. Property values of homes with trees in the landscape are 5-20 percent higher than equivalent properties without trees. 4000 trees in yards would increase the sales price of homes by 1 percent, plus increase the property values as much as 10%. That is an estimated annual increase in homes sale value of $10.4 million.
September 17, 2007- Introduced and referred to Banking, Housing, and Urban Affairs.
Sen. Hillary Clinton