Gentrification is a social and economic process where individual homeowners and renters and private capital (real estate firms, developers) reinvest in fiscally abandoned neighborhoods (Perez, 2004). Gentrification has had a strong impact on many cities around the globe (Lees, et al, 2008). When a city undergoes gentrification, changes in the demographic landscape of the city and economic changes take place (Lees, et al, 2008). The reinvestment in fiscally abandoned neighborhoods occurs through housing rehabilitation, loft conversions, and the construction of new housing stock (Perez, 2004).

 

 

Lees, L., Slater, T., & Wyly, E. (2008). Gentrification. New York, NY: Taylor & Francis Group.

 

Perez, G.M. (2004). The near northwest side story: Migration, displacement, and Puerto Rican families. Berkley: University of California Press.

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