Author: Marino, Dennis R., and Pascal, Erica
Summary
This paper is the final paper submitted for review by participants in the Missouri Housing Development Commission’s Housing and Neighborhood Investment Study. The paper is not intended to be a comprehensive overview of the strategy papers which have preceded it. Instead, it is designed to sound a note of caution to neighborhood residents and policymakers who are in the process of deciding which of the previously described strategies should be implemented. The authors describe the growing concern over who benefits from neighborhood reinvestment and revitalization, and suggest that policymakers carefully consider the goals, unintended consequences, and negative impacts of reinvestment efforts. They present selected testimony from a recent Congressional Hearing on the relationship between neighborhood revitalization and displacement. They also review a sample of strategies which have been implemented to counteract displacement and ensure that existing residents of inner-city neighborhoods benefit from neighborhood reinvestment programs. The paper concludes with a statement that it is in the fiscal interest of the state of Missouri to attempt to achieve neighborhood economic integration through rein vestment without causing displacement of existing residents.
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