Skip to main content

Study Details Problems in Urban Gentrification

Phil Hall
Mar 19, 2019
While gentrification can help to revitalize rundown urban neighborhoods by bringing in improved housing, retail and employment opportunities, it can also have a negative impact by forcing longtime residents out

While gentrification can help to revitalize rundown urban neighborhoods by bringing in improved housing, retail and employment opportunities, it can also have a negative impact by forcing longtime residents out. According to a new study by National Community Reinvestment Coalition (NCRC), the most extreme results of gentrification–rapid increases in property values, taxes and rental housing–resulted in the force exodus of more than 135,000 residents in 230 neighborhoods between 2000 and 2013.
 
The NCRC reported that seven cities accounted for nearly half of the gentrification nationally: New York City; Los Angeles; Washington, D.C.; Philadelphia; Baltimore; San Diego and Chicago. Washington, D.C. had the highest percentage of gentrifying neighborhoods, with nearly half of the city’s neighborhoods eligible for gentrification in 2000 and 41 percent of those neighborhoods gentrified by 2013, resulting in the displacement of more than 20,000 people.
 
The NCRC added that forced displacement by gentrification was primarily occurring in predominantly nonwhite urban neighborhoods. Philadelphia, which saw more than 12,000 residents were impacted by cultural displacement centered around the core business district between 2000 and 2013, was ranked as being among the worst cities for black displacement.
 
“We’ve shown, with census and other data, that the influx of new, wealthier people into once struggling neighborhoods also drove out more than 135,000 people from a handful of booming cities,” said Jason Richardson, NCRC’s Director of Research and one of the study’s authors. “We’ve also shown that revitalization of struggling neighborhoods is unevenly distributed. The big investments that fuel gentrification and cultural displacement didn’t reach most of the nation’s poorest neighborhoods and rural areas.”

 
Published
Mar 19, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021