Community displacement

Community displacement is the movement of a population out of a neighborhood as formal or informal redevelopment occurs. It may be a result of gentrification, the informal redevelopment that occurs when new, and typically richer people, move into a neighborhood. It is the result of urban redevelopment of a residential neighborhood to non-residential uses including retail, education, healthcare, and transportation. It is often criticized because the current residents have limited options to buy or rent equivalent housing in alternative areas at the same price. If they stay, prices for products, services, and taxes in the local area rise and existing social networks are disturbed.