Adi Talwar
Clayton Banks, co-Founder and CEO of Silicon Harlem, inside the co-working space on 126th where the company has its offices. Photograph made on July 7th at Wework, a shared work space where Silicon Harlem has it's office. 8 West 126th street.
Some entrepreneurs and elected officials are striving to develop a tech economy in Harlem and Inwood—and discussing how to ensure that it leads to inclusive prosperity, not displacement.
Before the recession, advocates sounded the alarm about big-time investors paying huge sums for buildings with rent-stabilized apartments and low-income tenants. The concern has returned.
In Western Queens, some residents are concerned that the city’s plans to build affordable housing, improve transit access and increase development will instead be a recipe for displacement.
Rates of poverty and poverty concentration have increased in New York City after an earlier decline, according to the Furman Center—and some neighborhoods considering a rezoning experienced increased poverty and rising rents simultaneously.
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