Binghampton began as an independent and racially integrated rural Memphis town in the late 1800s and early 1900s. The community experienced a shifting character as the city’s growth pushed east and urban manufacturing jobs departed, leading to various stages of racial segregation, poverty and population flight, which spawned a significant reduction in home ownership and increased vacant and blighted property.
The BDC was formed to address the severe blight and economic development in the community after the example of Christ’s sacrificial love. We see time and time again, the lack of jobs, quality education, commercial outlets (grocery stores, clothing outlets, thrift stores, drug stores, etc.) perpetuates crime, poverty and hopelessness within neighborhoods and that an investment in capacity and opportunity can develop life-altering hope.
- A 31% decline in population from '70 to '00
- A 19% decline in occupied housing units, with the share in rental service increasing from 35% to 59% from '70 to '00
- 48% of the households have incomes under $20,000, leading the area median income of $26,000
- 35% of the residents live under the poverty level, with certain Census block groups over 70%
- 33% of the households earn no wage or salary income
- 23% of the residents are age 55 or older, with certain Census block groups approaching 60%
- 52% of the householders are female with no husband present
- 17% of the housing units are empty or abandoned
- Homeownership rebounding from 22% in 2000 to 30% in 2010.
- 92%of respondents to the BDC's 10th Year resident survey indicated that Binghampton is improving.