Gentrification
Definition
The process of changing the character of a neighborhood through the influx of more affluent residents and businesses.
Purpose
Understand and manage neighborhood change and displacement.
Examples of Use
- Property value increases.
- Demographic shifts.
- Cultural changes.
- Displacement of long-term residents.
- Changes in local businesses.
Related Terms
- Urban Renewal
- Urban Regeneration
- Social Equity
- Affordable Housing
- Community Preservation
Notes
Gentrification can lead to both neighborhood improvement and community displacement, requiring careful management to balance development benefits with social equity.
