2016 Greenville Affordable Housing Strategy

2016 Greenville Affordable Housing Strategy

Housing Plan

The 2016 Greenville Affordable Housing Study identifies urgent housing challenges driven by rising costs and economic pressures. Key findings include a shortage of affordable rental units, especially for households earning under $25,000, and "down ladder pressures" where higher-income renters occupy lower-cost units due to limited high-end rental options, further squeezing low-income renters. Gentrification and spatial distribution are also concerns, with low-cost housing heavily concentrated in weaker markets like the West Side. The study recommends policies to increase affordable housing supply, improve the quality of existing units, and ensure equitable distribution across neighborhoods. Suggested actions include leveraging local funds to acquire land, create a Community Land Trust, and support mixed-income developments.

**Key Words**: affordable housing, gentrification, rental shortage, Community Land Trust, mixed-income
(Summary by ChatGPT)

Development Strategies

2016