Now this is the best solution to gentrification - beautiful housing at prices for people at 50% below the median income, like a $70K loft in the recently completed Lofts on Art Avenue in downtown Minneapolis, which also happens to be a star creative class city.
How’d it happen? A strong sense of community. The Stevens Square Community Organization, a local nonprofit focused on the best interests of the Stevens Square neighborhood, agreed that attainable owner-occupied housing was needed
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Posted by Neil Takemoto in
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Housing & Lofts |
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Gentrification: The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people.
With a dictionary definition like that, what good is there in a bunch of rich people pricing a bunch of poor people out of their neighborhood? In a place like Harlem where only 10% of all residences are owner-occupied (average in New York City is 30%, nationally it’s 67%), not much at all.
However, in neighborhoods where
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Posted by Neil Takemoto in
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Attainability |
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