Housing GSO: HRA Greensboro Affordable Housing Plan

MARKET CONTEXT

DEMOGRAPHIC AND SOCIOECONOMIC CONDITIONS | Key Takeaways

Greensboro is a growing city with a diverse population, where residents are increasingly living in rental households.

+22K Residents, 2010-2017

Greensboro is a growing city, and increases in residents will necessarily add to existing demand for housing.

+16K Black residents, 2010-2017

The majority of Greensboro’s recent growth has been driven by gains in black residents, who represented 76% of overall city growth.

+8.5K Renter HHs, 2010-2017 -4K Owner HHs earning below $75K, 2010-2017

The majority of Greensboro’s recent growth has been in new renter households, offsetting a loss in homeowners.

The City’s overall loss in homeowners is driven largely by a loss in low - and middle- income homeowners.

+10K Jobs added < median income, 2010-2018

Greensboro’s economy saw growth in both high - and low-paying industries, and these new workers with low wages may face affordability challenges.

Source: 2010, 2017 ACS Estimates

HR&A Advisors, Inc.

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