Dallas is getting a new toolkit to fight displacement and gentrification. Builders of Hope Community Development Corporation, a nonprofit developer and...
Dallas is getting a new toolkit to fight displacement and gentrification.
“Displacement is something that happens naturally,” Champion said. “But we’re trying to understand when does it really happen in the context of gentrification.”Builders of Hope presented maps to committee members with initial findings that show how vulnerable Dallas neighborhoods are to displacement, along with a geographic look at demographic and housing market changes.
The project defines gentrification as a “process of neighborhood change where new investment floods a historically marginalized neighborhood; property values rise, increasing housing costs and reducing the supply of affordable units.” The project will be a roadmap that steers public policy and development decisions so that lower- to moderate-income families have a greater chance to stay in their homes, says Cullum Clark, director of the Bush Institute-SMU Economic Growth Initiative and a policy advisor on the project.
Builders of Hope CDC President and CEO James Armstrong says the next step is to sign a memorandum of understanding with the city to continue collaborating with the nonprofit, which is planned for Tuesday.
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