TED: How to revitalize a neighborhood -- without gentrification | Bree Jones

The video discusses the housing market issues in Baltimore's Black Butterfly, where historic homes are undervalued. The speaker, a former Wall Street professional, became a housing advocate after witnessing gentrification in her hometown. She founded a nonprofit, Parity, to create homeownership opportunities in hyper-vacant neighborhoods by leveraging social capital. The nonprofit has successfully built a community of future homeowners, preventing displacement and fostering social bonds. The video highlights the demand for housing in historically black neighborhoods and the potential for development without displacement.

What is the main issue with the homes in Baltimore's Black Butterfly?

• They are too expensive to buy.

• They are located in a dangerous area.

• They are too small for families.

• They are negatively valued due to high repair costs.

What was the speaker's initial career before becoming a housing advocate?

• Real estate agent

• Government official

• Urban planner

• Investment finance on Wall Street

What are the two trajectories faced by communities affected by racist policies?

• Economic growth and stability

• Downward spiral and gentrification

• Cultural enrichment and tourism

• Technological advancement and innovation

How did the speaker respond to being rejected by investors?

• They moved to another city.

• They started a nonprofit to create demand through social networks.

• They sought validation from other institutions.

• They gave up on their idea.

What is one of the key reasons the nonprofit's work is transformational?

• It sells homes at deeply affordable prices.

• It focuses on building luxury homes.

• It only targets wealthy investors.

• It ignores the needs of legacy residents.

How does the nonprofit prevent the displacement of legacy residents?

• By offering them free housing

• By relocating them to other neighborhoods

• By ensuring they have resources to stay and transfer wealth

• By providing them with jobs

What does the success of the nonprofit demonstrate about housing demand?

• There is no demand for housing in black neighborhoods.

• There is significant demand in historically black neighborhoods.

• Demand is only present in newly developed areas.

• Demand is limited to urban centers.