what's wrong here

[Unregistered]

The development of this housing settlement will have a beneficial impact on the area.

Can somebody tell me what is wrong in that sentence?

[Mr_K]

It sounds good to me. Both collocations: housing settlement and beneficial impact are fine.
Cheers!

[Anglika]

The development of this housing settlement will have a beneficial impact on the area.

Can somebody tell me what is wrong in that sentence?

Nothing that I can find. Have you been told that there is something wrong?

[2006]

I don't remember previously seeing the phrase "housing settlement". It sounds odd and redundant to me, but I note that Mr_K and Anglika see no problem with it.

The sentence is also a little wordy. I would say, 'The housing development will have a beneficial impact on the area.'