Significant changes are occurring across parts of urban America. Governing Magazine reported that “A new class of more affluent residents is moving into once underinvested and predominately-poor communities. Development has followed, typically accompanied by sharp increases in housing prices that can displace a neighborhood’s longtime residents. It’s a scenario known as gentrification, and one that presents a growing dilemma for policymakers”.
Although gentrification1 is not yet very common (only 8% of all neighborhoods experienced gentrification since the 2000 Census), it has accelerated in several cities (see Table 1). Nearly 20% of neighborhoods with lower incomes have experienced gentrification since 2000, compared to only 9% during the 1990s.