Creating an Affordable Housing Ecosystem
Type
Policy Brief or Report
Year
2024
Level
City or Town
State(s)
Tennessee
Policy Areas
Community Development, Housing
Access to affordable housing in urban areas is limited, leading to economic disparities and concentrations of poverty. Communities can enhance economic development and sustainability by distributing affordable housing and job opportunities more equitably. This example from Knoxville, TN shows how intentional urban planning improves lives and strengthens communities. Since 2019, the city leveraged $40 million in market power and converted blighted properties into housing resulting in over 2,300 new housing units.