Islands of decay in seas of renewal: Housing policy and the resurgence of gentrification

摘要: Abstract For many observers, the recession of early 1990s signaled end what Berry called islands renewal in seas decay. In past decade, however, shifts mortgage finance have intersected with developments assisted housing to alter links between gentrification and policy. this article, we use field observation, Home Mortgage Disclosure Act data, HOPE VI plans analyze resurgence eight U.S. cities. Between 1992 1997, gentrified neighborhoods attracted conventional homepurchase capital at a rate that grew more than 2.3 times suburban rate. Logit models confirm favors even after controlling for applicant loan characteristics, suggesting new relationship lending neighborhood change. some cities, has surrounded decay poverty landscapes