Key Characteristics Of Gentrification

They kick people out of their house and then they raise the rent so they can't come back, they target specifically poor neighborhoods to make more money. One of the biggest impact is that it may destroy the culture of the neighborhood and friends and family have a chance of turning homeless. One of the main reasons is to make more money on the neighborhood because its to poor and they need to make more money.

Section 8 housing was the first subsidized tenant-based housing program in the U.S. The program was established under the Housing and Community Development Act of 1974. It differed from the known public housing program by allowing recipients to obtain housing from the private market as opposed to government owned housing. Later after merging two aspects of the section 8, certificates and vouchers, section 8 housing program became known as the Housing Choice Voucher program (HCV).

The Public Policy Institute states that Section 8 project-based rental assistance contracts involving HUD and for-profit owners contracting private multifamily housing, which is made available by HUD to low-income households who qualify for housing assistance. The subsidy is such that pays the difference "between 30 percent of the household's income and the contract rent; the subsidy is paid by HUD to the landlord." (AARP Public Policy Institute, 2002) In addition, HUD has Dispersal programs for renters of Section 8 housing due to the desire of the public to avoid to concentration of poverty-level residents in urban areas. This is because there is a general consensus that Section 8 subsidized housing tends to drive down the market prices of property in the same area. There are various challenges that are faced by the Section 8 subsidized housing program as it assists low-income households obtain appropriate housing through the provision of rental assistance.

A study by The Urban Institute describes gentrification as “a process whereby higher-income households move into low income neighborhoods, escalating the area’s property values to the point that displacement occurs.” Gentrification generally takes place in deteriorating urban or rural areas. The purpose of gentrification is to take struggling neighborhoods and stabilize them by increasing property value. Naturally the system isn’t perfect, as it has the side effect of displacement, which can cause some people to have to move to a different location, but overall gentrification is much more beneficial than destructive on a large scale. All neighborhoods have to be improved eventually. Gentrification is simply the most effective way of doing it. Although there are some negatives associated with Gentrification, in the long run it succeeds in creating a better place for people to live, and the pros far outweigh the cons.

This all seems great, a savior program that allows people who cannot afford to pay rent normally. Section 8 is utilized by the elderly, disabled, and families with and without children but is it really a golden program? Stated above, section 8 provides for vouchers for all types of apartments and even condos in certain states; however, are these opportunities open to all races? 41.6 percent of African Americans are on housing assistance programs, as in this county’s displaced history on minorities, the voucher program produces elements that affect minorities. Although African Americans make up the overall higher percentage when it comes to housing assistance programs, according to National Low-Income Housing Coalition, surprisingly Caucasians make up 49 percent of the project-based section 8. Yet, National Low-Income Housing Coalition mentions that African Americans as of 2010 shows that black and Hispanic public housing residents are four times more likely than their Caucasian counterparts public housing residents to live in high-poverty neighborhoods. Black and Hispanic voucher recipients are about three times as likely as their white counterparts to live in high-poverty neighborhoods. Analyzing this data; furthermore, as of 2010, 28 percent of white voucher recipients live in the lowest poverty neighborhoods! Reviewing this data Caucasians obtains overall nationwide more voucher approvals that African Americans living in the highest of poverty neighborhoods and that comes

“Not in my back yard” (NIMBY) has reached a point in some communities where it’s difficult to put community facilities anywhere. Some cities are responding by encouraging nursing home construction in specific residential areas based upon density bonuses. Density bonuses are granted for projects in which the developer agrees to include a certain number of affordable housing units. For every one unit of affordable housing a developer agrees to build, there’s a greater number of market rate units. Density bonuses vary from project to project.

Gentrification is a major reason for the increase in rent prices throughout New York City. Harlem rent prices have gone up over the past years because of new condominiums and businesses that are being built in neighborhoods. The displacement of residents leads to an increase of people becoming homeless in the city. According to the author, Ivan Pereira, “Harlem saw a 9.4 % average rent price increase during that same period from $2,191 last year to $ 2,397 in January” (Pereira 1). The change causes longtime residents to move out because of a variety of factors including unaffordability, pressure from property owners, diminishing or lack of stores that cater to them and many more. The more condominiums and business’s being built makes living

Gentrification is the process of renovating and improving a neighborhood so that it can be more appealing to the middle-class taste and is negatively affecting many neighborhoods all over New York City. The gentrification of low-income neighborhoods can bring down a neighborhood and is responsible for the displacement of families who can’t afford to live in the gentrified area anymore due to the price of rent being dramatically increased. Landlords tend to raise rent to cast out low income renters and make room for higher-income renters who are looking to move into the neighborhood. Some of the lower class residents who are basically forced out of their homes tend to move in with relatives, search for a place to go in one of the city’s remaining cheap areas, and can even go homeless if they have no family, friends, or anywhere to go.

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

Although a rapid phenomenon, the process of gentrification initially starts at a slow pace. According to Biro (2007), “When low income houses are renovated they reach a higher quality and therefore are marketable to buyers who can afford to pay a premium for homes with better quality characteristics.”(p. 42) The individuals who cannot cope with the gentrification process due to

With the impact and push from 1949 Housing Act, the Pruitt-Igoe housing development in St. Louis, Missouri and other high-rise public housing of 50s and 60s became the pioneers of urban renewal movement, and most of them have long recognized as a prototype for the failure of public housing and constantly for well-intentioned governmental policies in general. This essay will look back beyond the impression of the collapse, focusing on exploring the temporal, social, economic and legislative issues, which led to the failure and final death of the public housing.

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.

Viewing the complex matter of gentrification succinctly, it helps to uncover how multifaceted it is; in that gentrification involves the oppression, marginalization, displacement of vulnerable populations, particularly, the poor, and the black who are often already negatively impacted by the effects of classism, and racism. Gentrification threatens to erode the communities and livelihood maintained by these set of people because their displacement becomes a precondition for the total transformation of the area.

Gentrification has been a controversial issue both in urban planning and politics primarily due to the displacement of poor people by the rich folks (Shaw & Hagemans, 2015). Many individuals have viewed gentrification as an illegal act that should be avoided at all costs. On the other hand, another group of people believe that gentrification is the way forward to promoting growth and development. With such contrasting ideas, this paper is going to take a look at gentrification from a positive and negative perspective, its effects, and how it can be prevented or contained. Apart from this, the paper will also address the following questions.

According to Dictionary.com, “gentrification is the process of renovating houses and stores in urban neighborhoods to fit the middle or upper-income families, raising property value, but often displacing low-income families.” Gentrification has been an idea since the 1960s and had an effect on countless cities and neighborhood communities. Gentrification was first used by Ruth Glass in her book London: Aspect of Change in 1964, she noted that ¨gentrification can progress rapidly until all or most of the original working-class occupiers are displaced, and the whole social character of the district is changed.” Nonetheless, gentrification has helped revive many cities and revolutionize them, especially with technological