Mixed-Income Neighborhood Trusts Aim to Capture Benefits of Gentrification for Existing Residents
Low-income renters rarely benefit from investment in their neighborhoods. In the well-told story of gentrification, rising property values tend to displace longtime residents, making neighborhoods whiter and more affluent.
David Kemper, CEO of nonprofit Trust Neighborhoods, saw this dynamic over and over when he worked in affordable housing in New York City and met with grassroots groups to address the problem on the neighborhood scale.
“We just kept hearing again and again this kind of painfu...
David Kemper, CEO of nonprofit Trust Neighborhoods, saw this dynamic over and over when he worked in affordable housing in New York City and met with grassroots groups to address the problem on the neighborhood scale.
“We just kept hearing again and again this kind of painfu...