How to avoid displacement in revitalizing neighborhoods
The desired outcome The holy grail of successful neighborhood revitalization is a vibrant community in which lower income homeowners and renters of all races can enjoy the increased quality of life, better services and increased wealth of revitalization without being booted in the process. Yes to positive change but No to displacement requires an intricate combination of investment resources, protections for homeowners and renters and the willingness to accept change in the community. Investment without displacement. ( Reinvestment Fund ) The problem Investment resources need to be large because in disinvested communities money coming in for small, scattered improvements can disappear like a drop in the bucket. Only strategically placed investment can leverage an increase of assessed values, a necessity in terms of making investments economically sustainable. Only if depressed real estate values increase will investment in the area make sense, even if the sources are public. It is no