Skip to main content

Study Details Problems in Urban Gentrification

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.”

 
About the author
Published
Mar 19, 2019
Bank On Borrowers, Not Rate Predictions

Chasing rate forecasts wastes resources better spent on cold, hard business

Dec 10, 2024
Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies

Rocket seeks dismissal of the DOJ's October lawsuit alleging the lender committed racial appraisal bias.

Dec 05, 2024
West Capital Lending Acquires Locally-Focused Brokerage, Red Tree Mortgage

The 2024 Broker Brawl reaffirmed West Capital's commitment as a relationship-focused lender

Dec 03, 2024
First FICO 10T-Backed MBS Issuance Achieved

Comprised of VA loans, the pool offers proof of concept for changes to be required by the FHFA by late 2025.

Dec 03, 2024
BAC Co-Founder Reveals Mega Brokers May Undergo CFPB Audits

Brendan McKay of BAC revealed the main takeaways in a LinkedIn post

Dec 02, 2024
AnnieMac Data Breach Impacts 171,000 Customers

Letters detailing the Aug. 23 breach were mailed to thousands of affected customers across multiple states last week.

Nov 18, 2024