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Gentrification In Philadelphia Essay

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According to the Federal Reserve Bank of Philadelphia reports that Philadelphia expedience the most gentrification between 2000 and 2013. Out of the 356 communities in Philadelphia, only 15% of them have seen the effects of gentrification. To understand the effects of gentrification on housing, diversity, and economics In Philadelphia, the differences between gentrified communities like North and South Philly and not gentrified the Logan, Ogontz, and Fern Rock. The Philadelphia Coalition for Affordable Communities defines Gentrification as “The transformation of low-income and working class neighborhoods, driving up housing and other real estate prices and causing the displacement of long-term residents, businesses, and institutions.” A .The house in Logan, Ogontz, and Fern …show more content…

2 . The Philadelphia Coalition for Affordable Communities calls North Philly a “housing cost-burdened,” because 50% of its renters are paying more than they can afford. A Quote of Muslim origins describes diversity as ‘a lot of different flowers making a bouquet’, which could describe some communities in Philadelphia before gentrification. In the Logan, Ogontz and Fern Rock community have been able to hold to its multiracial roots. 80.17% of the Logan, Ogontz, and Fern Rock community is African- American, 13.0% are Hispanics/Latinos, 7.48% are White, and 4.62% are Asian. Many of the people of Logan, Ogontz, and Fern Rock have lived in the community for many years. Rising house cost in gentrified areas is displacing some of its long time African- American residents. In North and South Philadelphia, the number of African- American residents has been dropping between 22-29% since 2000. In Southwest Philly, the numbers of Whites has tripped while the number of African- Americans has decreased from 7,793 to 3,450, which is a 46%

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