City of Memphis releases 2020 housing report

MEMPHIS, Tenn. — The City of Memphis has released a “State of Memphis Housing Report,” a collaborative effort between HCD, Innovate Memphis, Memphis-Shelby County Division of Planning and Development, and multiple partnering organizations.

The report compiles facts and data related to the current housing and neighborhood conditions in the city.

“Since 2016, creating more quality, affordable housing has been a priority for us,” Mayor Jim Strickland said. “Over the course of my first term as mayor, we incentivized the construction or renovation of over 5,000 affordable quality housing units. This report demonstrates we still have more work to do, and we’re committed to doing just that.”

The report shows which neighborhoods in Memphis have been most impacted by the ongoing coronavirus pandemic.

According to the report, the city’s poverty rate has increased to almost 28 percent and is one of the highest of any large city in the country.

Almost 90 percent of Memphis neighborhoods have seen a rise in rental housing.

Vacant and abandoned homes throughout the city continue to disrupt housing markets throughout Memphis, according to the report.

In recent years, the city has seen a loss of affordable housing.

Read the full report here.

The Division of Housing & Community Development will hold a Memphis Housing Summit on Oct. 29, featuring local and national thought leaders including Mayor Jim Strickland, Richard Rothstein and Dr. Andre Perry.

The event will include a roundtable discussion featuring housing directors from Atlanta and Detroit.

Interested participants can see a full conference schedule and register online here.