Chapter 13.8 Decline and Renewal
Inner-City Challenges and Gentrification
Gentrification is the process by which middle class people move into deteriorated inner city neighborhoods and renovate the housing. Because renovating an old inner city house can be nearly as expensive as buying a new one in the suburbs, cities encourage the process by providing low-cost loans and tax breaks.
Before and after photo of a corner store in NYC.
Before and After
This is how a store front changed in 10 years because of gentrification.
Gentrification in NYC.