Prices remain depressed in most formerly redlined neighborhoods, but several such areas in Denver now boast higher home values than the city as a whole.
In Denver, Joe Rubino writes, several "Formerly redlined areas such as Five Points, Baker, Highland and Jefferson Park — as well as, notably, part of Cherry Creek, one of the city's toniest neighborhoods — now have a higher combined median home value than the city as a whole."
The piece draws on data from a Zillow study on home values in formerly redlined neighborhoods across the country. Zillow "used maps produced by the Home Owners' Loan Corp., the New Deal-era federal agency that told banks which neighborhoods in their cities were the highest lending risks — rendering 'hazardous' areas in red, or 'redlining' them."
Nationwide, homes in those areas tend to have median values around $50,000 lower than those in surrounding neighborhoods. But in places facing gentrification, the math is different. Of Denver's situation, Rubino writes, "many black and Latino renters in these now desirable neighborhoods have had to make tough decisions in recent years on where they can afford to live as rents and home prices have risen."
Louisville Launches ‘Anti-Displacement Tool’
After a years-long, tenant-led effort, Louisville will use a new tool to analyze whether a proposed housing development can meet a neighborhood’s housing needs and income levels. If it doesn’t, the city won’t subsidize it.
A Dirty Little Secret: Rising Property Values Are Incompatible With Affordability
Rising property values come with positive community development, but this shift can make neighborhoods inaccessible to low-income renters and fixed-income homeowners.
In Defense of Rent Control
Rent control policies, widely panned by economists, have been shown to slow displacement and keep housing affordable.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Santa Barbara Could Build Housing on County Land
County supervisors moved forward a proposal to build workforce housing on two county-owned parcels.
San Mateo Formally Opposes Freeway Project
The city council will send a letter to Caltrans urging the agency to reconsider a plan to expand the 101 through the city of San Mateo.
A Bronx Community Fights to Have its Voice Heard
After organizing and giving input for decades, the community around the Kingsbridge Armory might actually see it redeveloped — and they want to continue to have a say in how it goes.
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