High and Dry: Rental Markets After Flooding Disasters
Recent disasters across the United States highlight the devastating effect of climate-change on individuals and households. The effects of these disasters on access to housing and housing stability are pressing issues of social equity and urban policy. How, if at all, do disasters affect rents? We f...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SAGE Publications
2024
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| Online Access: | https://hdl.handle.net/1721.1/156358 |
| _version_ | 1811074201552945152 |
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| author | Brennan, Mark Srini, Tanaya Steil, Justin |
| author_facet | Brennan, Mark Srini, Tanaya Steil, Justin |
| author_sort | Brennan, Mark |
| collection | MIT |
| description | Recent disasters across the United States highlight the devastating effect of climate-change on individuals and households. The effects of these disasters on access to housing and housing stability are pressing issues of social equity and urban policy. How, if at all, do disasters affect rents? We find that severe floods are associated with significant increases in rents for households renting units priced at the bottom of the rent distribution, but not the middle or the top. Second, is there a relationship between federal rental assistance to affected households and any price changes in the market? We find that disaster rental assistance is not associated with changes in rents after flooding disasters. These findings raise important questions about how policy should support low-income renters after disasters, including those not directly displaced by the disaster who are facing increased rents after a disaster but unable to access federal post-disaster rental assistance. |
| first_indexed | 2024-09-23T09:45:34Z |
| format | Article |
| id | mit-1721.1/156358 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T09:45:34Z |
| publishDate | 2024 |
| publisher | SAGE Publications |
| record_format | dspace |
| spelling | mit-1721.1/1563582024-08-23T03:48:09Z High and Dry: Rental Markets After Flooding Disasters Brennan, Mark Srini, Tanaya Steil, Justin Recent disasters across the United States highlight the devastating effect of climate-change on individuals and households. The effects of these disasters on access to housing and housing stability are pressing issues of social equity and urban policy. How, if at all, do disasters affect rents? We find that severe floods are associated with significant increases in rents for households renting units priced at the bottom of the rent distribution, but not the middle or the top. Second, is there a relationship between federal rental assistance to affected households and any price changes in the market? We find that disaster rental assistance is not associated with changes in rents after flooding disasters. These findings raise important questions about how policy should support low-income renters after disasters, including those not directly displaced by the disaster who are facing increased rents after a disaster but unable to access federal post-disaster rental assistance. 2024-08-22T18:36:50Z 2024-08-22T18:36:50Z 2024-08-22T18:28:00Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/156358 Brennan, M., Srini, T., & Steil, J. (2024). High and Dry: Rental Markets After Flooding Disasters. Urban Affairs Review. en 10.1177/10780874241243355 Urban Affairs Review Creative Commons Attribution-Noncommercial http://creativecommons.org/licenses/by-nc/4.0/ application/pdf SAGE Publications SAGE |
| spellingShingle | Brennan, Mark Srini, Tanaya Steil, Justin High and Dry: Rental Markets After Flooding Disasters |
| title | High and Dry: Rental Markets After Flooding Disasters |
| title_full | High and Dry: Rental Markets After Flooding Disasters |
| title_fullStr | High and Dry: Rental Markets After Flooding Disasters |
| title_full_unstemmed | High and Dry: Rental Markets After Flooding Disasters |
| title_short | High and Dry: Rental Markets After Flooding Disasters |
| title_sort | high and dry rental markets after flooding disasters |
| url | https://hdl.handle.net/1721.1/156358 |
| work_keys_str_mv | AT brennanmark highanddryrentalmarketsafterfloodingdisasters AT srinitanaya highanddryrentalmarketsafterfloodingdisasters AT steiljustin highanddryrentalmarketsafterfloodingdisasters |