woodlawn chicago gentrification
On average, fewer than 1% a year gentrify. Residents in one North Side neighborhood want to curb the onslaught of higher rents by establishing a community land trust, which would acquire properties in the neighborhood, and then rent them out. On September 9, the Chicago City Council passed the Woodlawn Housing Preservation Ordinance, legislation that aims to preserve affordable housing and protect Woodlawn residents from being displaced by the gentrification that has been at rise in the area. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. An Army veteran who became a factory foreman, Burgos talks of gangbangers taking potshots at each other at the nearby high school, drug dealers and hookers doing business in the apartment building across the alley and somebody breaking in to his garage. Follow here for live updates. The “gentrification” category captured neighborhoods that had low index scores in the 1970s, but grew significantly higher by 2010.

Mayor Lori Lightfoot reaches deal on affordable housing in Woodlawn amid concerns over gentrification around Obama Presidential Center By Morgan Greene and Gregory Pratt, Chicago Tribune 7/22/2020 His failures are many, serious and utterly disqualifying. Developers continue to build high-rises downtown, while the housing market limps along in parts of the South and West Sides. But the area is in play. The work of a mission-driven developer on the South Side shows what can be done to counteract gentrification’s exclusionary tendencies. As Janet Smith, one of the University of Illinois-Chicago researchers who helped create the gentrification report, told me, “What we find is retailers still have an aversion to black consumers.”. Their story demonstrates why gentrification isn’t the plague it’s often made out to be. Absent intervention, though, that will be the result. In between, there’s a mix of housing, shops, sports and cultural facilities, a supermarket and more. WOODLAWN — Woodlawn has seen more than $400 million in investment in the last five years.

The city of Chicago would require new apartment developments in Woodlawn near the proposed Obama Presidential Center to include more affordable housing units for low-income residents as part of a compromise reached between Mayor Lori Lightfoot and a group of community activists supported by freshman Ald. Chicago has about 800 census tracts. In an effort to prevent displacement, the ordinance commits $1.5 million to a refinancing program and $1 million to the Home Improvement Grant Program that residents of five or more years can apply to. Protections for South Shore and Hyde Park are not included in the ordinance. Median values in the six tracts ranging from $368,000 to $428,000.

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