Boston 3rd most gentrified urban area in US, report finds – NBC Boston

Boston is the third most gentrified city in the United States, according to the National Community Reinvestment Coalition.

A report published last month showed that 21.3% of Boston’s neighborhoods became gentrified between 2013 and 2017, making it the most gentrified urban area in the country behind the San Francisco Bay Area and Denver.

“They had most of their vulnerable neighborhoods which became gentrified during this period,” the report said.

The coronavirus pandemic can only intensify the disparities between neighborhoods, according to the report. The study also includes a look at “zones of opportunity”, a neighborhood designation made in 2017 by the Tax Cuts and Employment Act that allows investment in low-income areas for the sake of it. tax advantages.

The report’s analysis divided neighborhoods into five categories: neighborhoods eligible for gentrification but which have not become gentrified; gentrification of neighborhoods; areas of opportunity; gentrification of opportunity zones and all other urban neighborhoods – mainly, middle to upper income areas.

Miami and New Orleans round out the top five most gentrified urban areas in the country.

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