Housing & Neighborhood Conditions
Historically neighborhoods continue to be changed by the loss of generational wealth and the erosion of owner-occupied homes. Middle-class families have moved out of Dayton, resulting in concentrations of poverty that exacerbate neighborhood instability. For instance, the median house value in Southern Dayton View is $46,900, while most banks and other mortgage lenders do not market conventional loan products to purchase a house valued at less than $75,000. This means loans are not available for anyone who wants to buy a house in Dayton’s most distressed communities. That makes housing choices elusive, particularly for people of color or those wanting to live in neighborhoods of color.