Gentrification in Newark GENTRIFICATION IN NEWARK GENTRIFICATION Definition

Gentrification in Newark GENTRIFICATION IN NEWARK

GENTRIFICATION Definition: the process of renovating and improving a house or district so that it conforms to middle-income taste. Developers and city officials use gentrification to attract middle-income people to their areas. Negative association with the word. Usually known to be the displacement of poor communities by rich outsiders. Positive and Negative effects.

Examples 2 nd Ave Deli (NYC) a local fixture that opened in 1954 in the East Village, moved in 2006. Now there’s a Chase bank there.

POSSIBLE BENEFITS Gentrification displaces low income residents, and in the worst case scenario causes homelessness. BUT, there are some benefits for the low-income residents that are able to stay in gentrifying neighborhoods: - New job opportunities emerge as more stores open and construction picks up. - Longtime homeowners benefit from rising property values. - There's often a decline in crime. - On average, credit scores of the poor residents improve in gentrifying neighborhoods.

NEGATIVE EFFECTS - Loss of affordable housing. - Community resentment and conflict. - Displacement through rent/price increases. - Increased cost and charges to local service. - Under occupancy and population loss to gentrified areas.

Anti-gentrification movements ● Right to the City (RTTC) movement ● Homes For All (HFA) campaign ● Queens Anti-Gentrification Project ● Brooklyn Anti-gentrification Network

Deindustrialization in Newark 30 years ago, downtown Newark had a bustling downtown area Stable industrial jobs meant money to attract businesses Slowly, those jobs went away

Loss of Wealth in Newark The loss of jobs meant less money Many businesses and people left Gentrification is meant to bring back wealthy people and business

How Gentrification Works Rent Before: $350/month Rent After: $800/month

Combating Gentrification A lot of people want gentrification to happen Linkage Fees: city & developers paying for low-income housing Ask developers for new job opportunities for low-income residents Awareness is most important!

Government Guaranteed-work Programs Root causes? Increase in productivity from education and technology will always displace a portion of workforce, causing unemployment and then poverty. Guaranteed-work programs can help displaced workers to transit and integrate back into the workforce. Gentrification brings new job opportunities.