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Gentrification By Siddhant - Coggle Diagram
Gentrification By Siddhant
Evolution and Transformation of a poor urban area.
Affluent - People that comes from wealth and money
it is initiated by affluent residents and businesses
These people also end up changing the way that community works and functions by changing everything "By, making it better"
The development of these areas include... Building, parks and local amenities
Involves both economic and demographic changes in the overall makeup of the people
As the area becomes better the value, rent and desirability always increases.
Challenges of gentrification
Gentrification does end up leaving people displaced and without a place to live
Lose of cultural Identity
Increased inequailty
Loss of green space
Causes of Gentrification
Economic investments & Rapid Job Growth
Government Policies
Proximity to Amenities
Solutions for Gentrification
Protect affordable housing
Promote mixed income development
Invest in public transport
Promote cultural heritage
Support local business