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Gentrification, the process of altering the demographic and socioeconomic composition of a neighborhood usually by decreasing the percentage of low-income minority residents and increasing the percentage higher-income residents, [1] has been an issue between the residents of minority neighborhoods in Chicago who believe the influx of new residents destabilizes their communities, and the ...
A critique in the Du Bois Review (2004) by Arline Geronimus and J. Phillip Thompson calls the Moving to Opportunity study "politically naive". [11] Their study theorizes that moving a family into a higher income neighborhood might solve immediate, direct health risks (for example clean water, less crime) however the loss of social integration, stress factors, and racially influenced ...
In the 2010s, many of the neighborhoods LISC had been working in for decades became attractive to private development. Compounded with the effects of the Great Recession, this led to a national housing crisis, with market-rate rents becoming unaffordable to middle- and lower-income families in many major American cities. LISC offices responded ...
Not long ago, the Chicago area was one of the biggest markets in the country where a low-income family could afford a modest-priced home. But after prices soared during the COVID-19 pandemic, even ...
Commonly held wisdom is that a prestigious-sounding name can add value to a neighborhood or subdivision. Now the research proves it. Buyers are willing to pay a premium of 4.2 percent for a.
Gentrification is marked by changing demographics and, thus changing social order and norms. In some cases, when affluent households move into a working-class community of residents (often primarily Black or Latino communities), the new residents' different perceptions of acceptable neighborhood behavior and cultural activity of pre-existing residents may be in conflict with the established ...
As of 2005, MTO has allocated nearly $80 million in federal and philanthropic funding to disperse and de-concentrate low-income neighborhoods, track the short and long-term effects of MTO program participants, and determine if small low-income de-concentration programs can be expanded to a national scale. [52]
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