Boston City : A Fast Growing Millennial Population

The boom and redevelopment of areas like Brickell were possible thanks to the Miami government approach. The city has been very flexible with the

In the constantly changing economy of cities, the growth of city housing is oftentimes neglected. In “Cities Mobilize to Help Those Threatened by Gentrification” Timothy Williams recounts how gentrification has evolved over the years. Mentioning how cities have changed in order to appease the younger professionals, Williams shows how the city itself is in jeopardy due to the tax increases. Slowly loosing their faithful residents as well as historic culture cities face a big deal. Williams gives quotes from faithful residents, “…long time homeowners are victims of the success story”, (Williams 346). In “Cities Mobilize to Help Those Threatened by Gentrification”, Williams uses his credible quotes and modern statistics to generate the reader’s emotions, with desire to change how city officials go about gentrification in culturally infused cities.

In Baltimore, the abandoned houses allowed investors to buy the houses and turn them into luxury condominiums and houses. In turn, this encourages other companies to continue to develop condominiums and houses and abandon the development of low-income housing. This cycle is called gentrification, but it is disguised as restoration to the city

Demographic Overview Low income housing, high percentage of African America, number of row houses potentially converted for business. Some evidence of mixed economics between run-down and gentrification projects. Very few business professionals walking, mostly urban poor.

During the past few years, gentrification has been on an uprise.“Nearly 20 percent of neighborhoods with lower incomes and home values have experienced gentrification since 2000, compared to only 9 percent during the 1990s.” Gentrification is happening in areas that supposedly need a change, such as the low-income neighborhoods in New York City, Minneapolis, Seattle and Washington, D.C.Factors such as uniqueness, accessibility, the energy of the neighborhood and reasonably priced homes attract gentrifiers. It has altered many cities in the country. Gentrification can be defined as the procedure of reestablishment and remaking due to the flood of prosperous individuals into falling apart and low-income areas that frequently displaces poorer

The process through which gentrification is carried out is very intricately planned. Drugs, prostitution, and violence usually play the most important role in the process of gentrification. When neighborhoods are infested by crime of any sort, the first thing that happens is the immediate decline in property value in areas like Guilford and Park Heights (“The Mortgage Bubble Invades Baltimore”). The home owning taxpayers in Baltimore City are usually blue collar workers who are just trying to make ends meet, and because of their income restrictions many of these citizens are forced to live in areas of high crime. Generally people only live in these areas if they have to, so when a developer comes along and offers to buy citizens homes at a price that the citizens at the time considers to be extremely profitable in their neighborhood, they usually take the money and run without carefully considering that the offer that they have accepted is much less profitable than what the developers have planned (“City’s East side Renaissance Spreads”). We

Gentrification is a problem that is plaguing cities all over the United States. Within the past decade, there has been an influx of people moving to Washington D.C., causing gentrification to become a prominent issue in the nation’s capital. People who have lived in certain parts of the city for generations are now being pushed out because of “escalating rents and real estate taxes associated with rising property values” (Duggan). And while it may be a positive thing that some areas of the city are experiencing revitalization, it’s a problem that the people who have been there are unable to experience it. Furthermore, there are certain areas of the city such as Anacostia, where poverty remains prominent. Gentrification is an issue in Washington D.C. that doesn’t seem like it is going to go away any time soon.

Newark is going through a time of revitalization, not gentrification. These new companies create new job opportunities for the thousands of unemployed residents. There are also many empty acres of land to construct buildings on, so there won’t be a problem about displacement. However, in some parts of Newark, the issue of racial tension is rising. The upgrading that’s taking place in Newark is to support the need of the residents and decrease many issues occurring in our society.

Housing our Neighbors is an organization that includes housing advocates and homeless people who work together to fight for accessible housing for low income and homeless people. Their organization believes Baltimore can invest in a community land trust. A community land trust is when a non-profit organization owns and manages land where affordable housing is built. The organization will also ensure rent and mortgages remain affordable, and decided if certain houses should be renovated or demolished. Something interesting about the community land trust is it has been successful in other parts of the country. With this information it would be very hard not to wonder if this could work in

The utilization of the Low-Income Housing Tax Credit or LIHTC has had an overall positive effect on housing for low-income families in the United States. Four key outcomes of the LIHTC are: First, there is less likelihood of segregation within the tax-credit housing than in the government provided section 8 and government-subsidized voucher programs (Schwartz, p. 115). Second, the purpose of the program, which was to subsidize mixed income housing to low and working class families, is provisionally being met (Khadduri, Buron, & Lam, p. 10). Third, through decentralization of the implementation of the LIHTC program the federal government allowed the state governments more latitude in the dissemination of the tax credits to appropriate developers (Furman Center, p. 2). Finally, there is a correlation between the areas where LIHTC housing properties are developed in the impact on the sounding region. This correlation is both positive and negative in nature, but heavily is judged on the region that the LIHTC is built in and as to whether it is in an urban center, suburb, or in the metro areas (Deng, pp. 46-48). These four outcomes will guide the body of this paper about the overarching theme of LIHTC as a policy tool as opposed to section 8 housing or government provided housing.

Gentrification refers to “the buying and renovation of houses and stores in deteriorated urban neighborhoods by upper or middle income families or individuals, which improving property values but often displacing low-income families and small businesses”. Some may also see this urban renewal project as gentrification however I would argue against that notion. Although Hyattsville has a high population of black and latino people (not to say that gentrification only affects blacks and latinos), this project also provides for tax benefits for artists who live in the district (which would help those who plan to live in one of the 500 new residences). For those who plan open up business within the district, The City of Hyattsville has agreed to allow legal and economic benefits which could encourage economic development and creation of small businesses. These benefits include but not limited to enterprise zone tax credits, exemption from the admissions and amusement taxes, revitalization and job creation tax credits available to qualified businesses and business development and building location assistance. These are the reasons why this specific urban renewal project cannot be technically called

Living in a highly urban city (NYC or LA) in the United States, one tends to hear the phase “gentrification” in everyday conversation. As an example, a New Yorker maybe asked what part of Brooklyn he resides in and he answers the “gentrified part”. Although the word gentrification has settled in the contemporary language of city dwellers, the process of gentrification is a controversial issue for all parties involved. Gentrification is defined as the “process of renovating and improving a district so that it conforms to middle/upper-class taste” (Oxford). Gentrification improves depleted neighborhoods/areas due to upper/middle class buyers purchasing large majorities of the properties in a specific area and renovating it.

In September 2003, Mason Sexton, a young, inexperienced developer, was making plans to replace a rooming house he had inherited next to the University of Virginia campus in Charlottesville with a new 14-unit, 5-story apartment house. In his attempts to assemble the information, approvals, and resources necessary to go ahead, he runs into many problems associated with the development process. While Sexton is able to carry out most of the conceptual, investigative and planning stages of this development, he runs into many problems because of his inexperience and his initial plan changes over time. He runs into issues obtain financing, has to spend money to obtain a certificate of occupancy, underestimates the

In today’s society, it may seem that gentrification can eliminate poverty and increase neighborhood opportunities. Low-income residents and property owners will be the first to be altered by gentrification. In an email to the editor at the Atlantic, Freeman, the director of the Urban Planning program at Columbia states “ Gentrification brings new amenities and services that benefit not only the newcomers but long term residents too. Full service

BACS anticipates that a majority of our clients will be building owners and property management firms contracting on behalf of building owners. BACS expects that the business’ client base will consist of commercial, industrial, and residential clientele. However, we anticipate that its secondary client base will come from the residential arena (homeowners). As time progresses, BACS may engage more complicated industrial and high-end commercial and industrial installations. The first group to be targeted is the owners of homes that are 12-15 years old and the second group is those that frequent the home improvement and construction supply stores.