Policymakers in Memphis, Tennessee, are taking a closer look at the housing market in middle-income neighborhoods that are increasingly destabilizing due to neglect.
"Although downtown revitalization, innovative mixed-income redevelopment, and gentrification are reinvigorating deteriorated inner-city neighborhoods in cities across the country, too little attention is paid to declining middle-income neighborhoods such as Hickory Hill in Memphis, Tennessee. In the absence of interest from either urban pioneers or targeted government programs, these neighborhoods continue to decline, and poverty enclaves are recreated within once middle-class housing markets."
"This brief discusses how the Memphis Model uses insights from the "information cycle" to conceptualize and implement local information systems that close the information gap for declining middle-income housing markets, and introduces an alternative
to the classic redlining paradigm for understanding transition and decline
in neighborhood housing markets."
Thanks to ArchNewsNow