Hot city, cool city: explaining neighbourhood-level losses in low-cost rental housing in southern US cities

Dan Immergluck, Ann Carpenter and Abram Lueders

International Journal of Housing Policy, 2018, vol. 18, issue 3, 454-478

Abstract: We examine losses in affordable rental units in central cities in a key region of the United States, the South. We examine changes in low-cost rented units across eight large central cities, and then identify neighbourhood characteristics associated with such changes. Finally, we estimate a similar model in two of the cities with the greatest amount of loss in low-cost units and that have different overall housing market conditions – one a ‘hot market’ (Nashville, Tennessee) and one a ‘cool market’ (Memphis, Tennessee). We find that, generally, a number of neighbourhood conditions are associated with greater losses of low-cost units, including more young (25–34) adults, fewer public housing units, more initial low-cost units, and a larger percentage of newer units. However, these relationships do not show up consistently in the Memphis and Nashville models. The presence of younger adults (especially those aged 25–34) is a strong predictor of losing low-cost rental units in Nashville but is not a significant predictor in Memphis. Second, the presence of public housing units appears to serve as a buffer against the loss in low-cost units in a neighbourhood, but not in Memphis or Nashville, perhaps because they have fewer public housing units altogether.

Date: 2018
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DOI: 10.1080/19491247.2017.1386386

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International Journal of Housing Policy is currently edited by Professor Suzanne Fitzpatrick, Gerard van Bortel and Richard Ronald

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