Gentrification: Definition, Causes, Pros & Cons

What is gentrification?

• Process of rural development

• Development of industrial zones

• Transformation of a city neighborhood from low value to high value

• Conversion of agricultural land to urban areas

Who first popularized the term 'gentrification'?

• Kirsten Rohrs Schmitt

• Elvis Picardo

• Ruth Glass

• Andy Smith

What are some benefits of gentrification?

• Reasonably priced homes in safe communities

• Displacement of original inhabitants

• Decreased economic activity

• Limited amenities and services

What are some drawbacks of gentrification?

• Rising home values

• Increased economic opportunity

• Discrimination against racial minorities

• Decreased exposure to poverty

Which factor can contribute to gentrification?

• Decreased traffic congestion

• Lack of city amenities

• Limited housing market dynamics

• Rapid job growth

What is a community land trust (CLT) used for in combating gentrification?

• Weakening social and community ties

• Increasing property values

• Encouraging discrimination in housing

• Promoting housing affordability and sustainable development

According to a 2019 study, which cities accounted for nearly half of the country's gentrification between 2000 and 2013?

• London, Paris, Tokyo, Berlin, Sydney, Rome, and Moscow

• New York City, Los Angeles, Washington, D.C., Philadelphia, Baltimore, San Diego, and Chicago

• Toronto, Vancouver, Montreal, Calgary, Ottawa, Edmonton, and Quebec City

• Miami, Atlanta, Houston, Dallas, Phoenix, Boston, and Seattle

What did a study by the Federal Reserve Bank of Philadelphia and the U.S. Census Bureau find about the effects of gentrification?

• Gentrification can create important benefits for original residents

• Gentrification has no observable benefits for original residents

• Gentrification leads to negative changes in employment and income

• Gentrification causes increased exposure to poverty

What is redlining?

• Practice of denying mortgage loans or insurance to certain neighborhoods based on race or ethnicity

• Development of affordable housing projects

• Promotion of equal access to housing

• Encouragement of diversity in neighborhoods

What is the Fair Housing Act?

• Legislation promoting gentrification

• Law that encourages redlining practices

• Federal law that forbids discrimination in housing based on various factors

• Regulation that limits housing options for minorities