High and Dry: Rental Markets After Flooding Disasters
Name
brennan-et-al-2024-high-and-dry-rental-markets-after-flooding-disasters.pdf
Description
Published version
Size
414.49 KB
Format
Adobe PDF
Checksum (MD5)
e1c10b8f1c216364b1cc88337ef1b997
Author(s)
Brennan, Mark
Srini, Tanaya
Steil, Justin
Journal
Urban Affairs Review
Publisher
SAGE Publications
Citation
Brennan, M., Srini, T., & Steil, J. (2024). High and Dry: Rental Markets After Flooding Disasters. Urban Affairs Review.
Version
Final published version
Abstract
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.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
Creative Commons Attribution-Noncommercial
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1177/10780874241243355
