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.