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Alderman Lopez
We may have different expectations of what people will need to manage housing.
Tim Cummings, Director of Economic Development
If | may Alderman Lopez, could you kind of define wnat you mean by amenities? Just so | have a better
sense?
Alderman Lopez
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As the downtown continues to change and attract private investment as it has been, it is possible that some
of those properties could flip and maybe rehab could take place. That could also mean though that as
housing prices go up, existing households could potentially be displaced either elsewhere in the City or
maybe even have to go outside the City to find housing that’s more affordable to their income.
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The map on the right shows the sales price activity over the last ten years and sort of looking at that
citywide and what locations in the City are selling for prices higher than other locations. Again, higher
priced housing tends to be located on the edges and in some of the historic areas in the City while lower
prices tend to be found in the older neighborhoods, kind of more in the center portion of the City.
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