Gentrification and Displacement
Rapid neighborhood development is displacing long-term residents and small businesses through rising property values and rents, eroding community character and forcing out families who have lived in areas for generations.
Ways to address it
3 approaches- Anti-Displacement Protection ProgramImplement tenant protection ordinances including just-cause eviction requirements, rent stabilization measures, and relocation assistance for displaced residents, while preserving existing affordable housing stock.
- Community Benefit AgreementsRequire developers of major projects to negotiate community benefit agreements ensuring local hiring, affordable housing inclusion, small business protection, and community facility improvements that benefit existing residents.
- Cultural Heritage Preservation InitiativeProtect culturally significant businesses and institutions through commercial rent stabilization, facade improvement grants, and zoning protections that maintain neighborhood character while allowing appropriate development.