Housing
COVID and the slowdown of Middle Tennessee’s economy placed many households in jeopardy of losing their housing, even as the region’s housing market grew hotter and more expensive. The 2021 Vital Signs survey found that 42% of respondents were “housing cost burdened,” spending over 30% of their income on housing. More housing supply is clearly needed and, in the future, communities that understand the need for different housing types in proximity to work and transit will attract residents and the economic development that follows. Interesting work is occurring in Middle Tennessee on preserving existing affordable housing and creating new affordability through mixed income neighborhoods.
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Housing
