As a result, many people are paying a larger and larger share of their income on rent, and some are unable to find any rental they can afford.
These historic practices established lasting patterns of racial and economic inequality that make low-income households of color particularly vulnerable to displacement today. See the Urban Displacement Project’s video “The Legacy of Redlining” for more information about this.
When new residents move into a neighborhood or city, this puts pressure on the housing market, driving up costs. To accommodate the incoming population, developers build new, often more expensive, housing that may not be affordable to existing residents.
Increasing housing demand can lead to spikes in rent or even the demolition of older and more affordable homes to make way for more expensive homes. In some cases, speculative investors may buy up existing affordable property as an investment and make it unavailable to tenants.
If a city or state does not have laws aimed at protecting renters against unfair evictions or sudden spikes in rent, then displacement is more likely to occur.
Losing people who have been a part of our community impacts us all. Without enough safe, healthy, and secure housing for people of all incomes, we lose our diversity, and economic vitality.
When families and members of our workforce are forced to leave their homes and neighborhoods, it can have significant and lasting effects on livelihoods, businesses, social networks, and health.
People with limited resources often end up living on the street, in their car, or doubled up with friends and family. Others are able to find alternative housing, but often in other neighborhoods or other cities--far from their jobs, friends, places of worship, and other community networks.