Displacement

One of the greatest fears about gentrification is involuntary displacement: long-time residents and small businesses that want to stay in their neighborhoods but can no longer afford rising rents or property taxes. There is much we don’t know about displacement: how many people does it affect and what happens to them if they are displaced? Policy makers need to collect better data to understand what’s happening in our neighborhoods and craft effective policy solutions, particularly for small business and residential renters for whom few protections exist. The existing measures to protect homeowners from displacement due to rising property taxes must be better promoted, and homeowners must be educated about the value of their growing asset and how to manage it in their own best interest. More can be done to help small business and residential renters to provide them with stability in improving communities, and give them more notice when rents are increasing.


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