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Our Financial System Favors Large-Scale Development…but at What Cost?
Upzoned
Revitalizing Neighborhoods Without Gentrification
Cities can utilize tools such as tax subsidies, co-signing on loans, and making property investments to revitalize redlined neighborhoods without gentrification. By focusing on small-scale projects and protecting neighborhoods from drastic changes like tearing down homes for larger developments, cities can promote incremental development. This approach allows cities to control the influx of capital while supporting market-responsive solutions and affordable housing initiatives at a larger scale without significant financial risk.
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