The Connections Between Evictions and Foreclosures In Richmond

The Connections Between Evictions and Foreclosures In Richmond

Woody Rogers

RVA Eviction Lab

Data published over the past year illustrates the severity of the eviction problem in the City of Richmond. However, we currently know little about how previous housing instability has affected eviction rates. Like many places across the country, Richmond suffered from the collapse of the housing market in the middle of 2007 and experienced high rates of foreclosure, with the most severe impacts felt in communities of color. Through geographic analysis of the two forms of housing instability, this study seeks to understand the spatial relationship between foreclosure and eviction in the City of Richmond, as well as understanding the role of large-scale ownership in displacement.

This report outlines findings that the areas of Richmond with high eviction rates – south, east, and northeastern neighborhoods – also experience high rates of foreclosures. Additionally, neighborhoods with the most extreme concentrations of evictions also have some of the highest foreclosure rates in the city. Finally, identification of the five largest landlords of previously foreclosed homes across the city and their eviction records indicate that such owners evict at high rates, more than 7% above the city average. These findings indicate the interconnectedness of the two forms of housing instability, eviction and foreclosure.