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Thursday, May 12, 2016

Responding to Gentrification and Displacement in Urban Communities

Date:
5/12/2016
Time:
Eastern 3:00 PM - 4:00 PM
Central 2:00 PM - 3:00 PM
Mountain 1:00 PM - 2:00 PM
Pacific 12:00 PM - 1:00 PM
Alaska 11:00 AM - 12:00 PM
Hawaii 9:00 AM - 10:00 AM
Session Description:

Gentrification and displacement are growing concerns in community development and urban revitalization. Cities are in a period of resurgence, gaining renewed interest from people who want to live and work in urban centers. This has resulted in gentrification pressures in a number of low- and moderate-income (LMI) neighborhoods that are in or near city centers and core business districts and historically have had modest property values.
 
Research has explored tools to measure the extent of gentrification and the long-term effects of displacement on the financial stability and future mobility of populations that leave gentrifying areas. For example, findings from a recent Philadelphia Fed study show that when more vulnerable residents moved from gentrifying neighborhoods, they were more likely to move to lower-income neighborhoods and neighborhoods with lower values on quality-of-life indicators.

In this webinar, participants will hear about emerging research that explores how gentrification is being defined, its causes, and its impacts on vulnerable residents. Two practitioners from Boston and Philadelphia will discuss practical solutions for addressing the effects of gentrification and displacement on LMI people and communities. Presenters will discuss how equitable and inclusive development policies and practices have supported commercial, residential, and transit growth and community revitalization.

Speakers:

  • Ingrid Gould Ellen of the New York University Furman Center for Real Estate and Urban Policy will provide an overview of research on the drivers and effects of gentrification and displacement in communities.
  • Harry Smith of Dudley Neighbors, Inc., a Boston-based community land trust that has been active for over 25 years, will describe how his organization has secured affordable housing opportunities for families in the city’s rising real estate market.
  • John Chin of the Philadelphia Chinatown Development Corporation will discuss preservation and revival in Philadelphia’s Chinatown neighborhood, including a new mixed-used development that will feature market-rate and affordable rentals and a community center.
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