gentrification
noun
gen·tri·fi·ca·tion
ˌjen-trə-fə-ˈkā-shən
: a process in which a poor area (as of a city) experiences an influx of middle-class or wealthy people who renovate and rebuild homes and businesses and which often results in an increase in property values and the displacement of earlier, usually poorer residents
a neighborhood undergoing gentrification
"This week, we're talking about gentrification. Middle-class people move in. Property values and rents rise. Things change and improve but not for everyone. …"—Lulu Garcia-Navarro
Opposition is also stoked by fear of gentrification—displacement of longtime residents through higher rents or property taxes.—Steven Litt
The construction of luxury housing and gentrification of neighborhoods is pushing families out of communities they have called home for years.—Heidi Romanish and David Snyder
In an effort to keep gentrification from creeping in the same way into the 30th Ward … Jessica Gutierrez wants to keep a lid on property taxes and inform residents about affordable housing.—Alexandra Arriaga
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Merriam-Webster unabridged
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