GENTRIFICATION

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Unit Summary

WHAT HAVE WE LEARNED?

Gentrification is a complex phenomenon that happens in many cities of the United States, especially in low-income neighborhoods that have previously suffered from disinvestments

Gentrification leads low and moderate-income residents to leave their neighborhoods due to increasing property taxes

Gentrification can be measured objectively and subjectively

Gentrification offers both advantages and disadvantages for investors and residents of poor neighborhoods

There are strategies to moderate gentrification to assist those vulnerable to displacement

KEY TERMS or CONCEPTS

Gentrification: The process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces earlier usually poorer residents.

Disinvestment: The withdrawing of investment

Policy: A definite course or method of action selected from among alternatives in light of given conditions to guide and determine present and future decisions. A high-level overall plan embracing the general goals and acceptable procedures especially of a governmental body.