Affordable Housing Analysis
Affordable Housing Analysis
Affordable housing is one of the most difficult issues in America today. For a variety of reasons that shape how communities think about housing for families without the incomes to compete for it on the open market, the subject defies an easy, one-size-fits-all understanding. It was with that knowledge that czb arrived in Greenville in 2016 as stakeholders were only just beginning to grapple with how best to navigate a landscape shaped by the pressures of economic prosperity and inequality.
Greenville is a city that has changed dramatically in recent decades, shifting from the remains of a pre-Depression textile-centered economy to one based on knowledge, advanced manufacturing, and services. It has changed in ways that have positioned the city as a regional and national leader in areas like economic development, quality of life, and cultural stewardship. But Greenville’s evolution has also surfaced a set of issues that threaten broad access to housing, that challenge the sustainability of its high-powered economy, and that are remarkably interwoven with the city’s key accomplishments.
czb’s housing report for Greenville is a flexible decision-making toolkit that helps clarify the city’s intentions and identify actionable community values.
Team Members: Charles Buki, Karen Beck Pooley, Peter Lombardi, Jeff Winston
Services: Housing Analysis, Visioning, Facilitation, Steering Committee Guidance, Private Sector Engagement
“How can Greenville grow its long-term capacity for desirability and prosperity while ensuring plentiful options for quality affordable housing?”
Median monthly rent
Share of renters earning too little to afford median rent
decrease in apartments that rent for under $500 per month, 2010-2015
Gap between the number of low-income renters and the supply of low-cost rentals
Median value of owner-occupied homes
Share of households limited to ownership opportunities well below median value
Understanding the story.
Our analysis of recent housing market trends and current conditions in Greenville revealed four storylines that describe how the city’s housing market functions today, how it has been influenced by investment in the city’s core, and how it affects basic affordability for households at a wide range of income levels.
A data-driven approach.
To create an accurate picture of the Greenville market and recent cost pressures, czb carefully gathered and analyzed a wealth of data, surveyed more than 1,100 residents and stakeholders, and worked closely with the city’s Affordable Housing Steering Committee.
Balancing Prosperity and Housing Affordability
czb’s report for Greenville was released in September 2016 and outlines an action toolkit that stakeholders can use to guide policies, programs, and resources to meet what is becoming an increasingly interconnected set of challenges.
Our report includes four principles to ensure consistent and sound decision-making, a clear outline of the ongoing work that must be done, and metrics that stakeholders can use to stay true to community values and measure progress.
In 2017, czb returned to Greenville to guide the establishment of the Greenville Housing Fund, one of the core recommendations of the 2016 report.
2018, czbLLC. all rights reserved.