Social and Behavioral Sciences Commons^™

A Little-Known Law Moves Money Into America’S Low-Income Neighborhoods — But For Whose Benefit?, Emily S. Lever

Capstones

The Community Reinvestment Act of 1977 (CRA) is a federal financial regulation that was passed as a response to redlining, meaning the systematic denial of investment to poor and working-class communities and communities of color. The legislation rewards banks for making loans in low-income census tracts. But while CRA commitments drive investment to community development projects, it may also reward predatory or speculative investments whose recipients happen to be located in low-income communities.

The Housing Crisis And The Rise Of The Real Estate State, Samuel Stein

Publications and Research

This article — an excerpt from my book, Capital City, with elaborations on a number of key points — argues that the housing crises endemic to contemporary capitalism must be understood as a result of the concentration of global capital into real estate and the the re-orientation of state planning capacities around the demands of the real estate industry. The first half of the article explains the dimensions of the crisis in the US and the rise of "the real estate state." The second half explores policy alternatives to contemporary urban neoliberalism and the kinds of movements necessary to …

Unstitching The Borders: Color, Class And Consumption In Queens, New York, Cassandra R. Barnes

Dissertations, Theses, and Capstone Projects

The following thesis is a comparative multipart examination into the ways in which globalization, translocality, and gentrification influence communities and their inhabitants through the lens of fashion. Political and social forces drive processes of consumption. In the Corona and Jackson Heights sections of Queens, New York, several waves of migration and immigration have given rise to an extremely diverse yet socially complex area. Historically, four major shopping districts: Roosevelt Avenue, 74^th Street, 82^nd Street, and Junction Boulevard developed in the two towns and reflected much of the demography within. Currently these districts are physically accessible to anyone able …

Gentrification In Upper Manhattan? Demographic And Socioeconomic Transformations In Washington Heights/Inwood, 1990 - 2015, Lawrence Cappello

Center for Latin American, Caribbean, and Latino Studies

Introduction: This report examines the impact and extent of gentrification in the Washington Heights/Inwood area – traditionally one of Manhattan’s most quintessential Latino neighborhoods.

Methods: This report uses the American Community Survey PUMS (Public Use Microdata Series) data for all years released by the Census Bureau and reorganized for public use by the Minnesota Population Center, University of Minnesota, IPUMSusa, (https://usa.ipums.org/usa/index.shtml).

Results: The Latino community of Washington Heights/Inwood is not being displaced in any meaningful way. While there has certainly been an increase in the number of wealthy non-Hispanic Whites over the last decade, as of 2015 Latinos maintained the …