Revitalization without Gentrification Presented by: Derek Avery of COIR Holdings, LLC www.coirholdings.com

What does revitalization without gentrification look like? What is gentrification? What does gentrification look like to me? There is hope! Revitalization

What is gentrification? the process of repairing and rebuilding homes and businesses in a deteriorating area (such as an urban neighborhood) accompanied by an influx of middle-class or affluent people and that often results in the displacement of earlier, usually poorer residents  How did we get here? History inner city industrial structure shifting to a service oriented structure individual demand movement of capital Process of gentrification Disinvestment Devaluation Pioneering risk taker Small Scale Media attention Large scale

How did we get here? Redlining: “residential security maps” Zoning: Safety and NIMBY’s

Suburbanization the general trend of city dwellers to move from the city into residential areas in ever-growing concentric circles away from the city's core. Suburbs developed their own shopping and service districts and bred their own distinct lifestyles.

Gentrification and Suburbanization

Gentrification and Suburbanization

Gentrification and Suburbanization How different could the outcomes have been for my neighbors had development patterns been focused on people?

There is Hope! Revitalization We have to do it ourselves locally Make affordable housing legal Take care of property taxes Be a hero in your own town!

Southern Dallas Compared South Dallas/Fair Park 1.8 miles from The Texas state fairgrounds 2.1 miles from Downtown Dallas 2.3 miles from the Dallas farmers market Zip code: 75215 8.61 square miles = 5510.4 acres Population= 14,648 Black Population = 84% Housing units=7,539 Owner occupied= 2078 – 27% Vacant= 1632 Black owned= 1,735 - 23% Median income=$16,043 Zip Code: 75210 2.41 square miles = 1,542.4 acres Population= 7,482 Black population = 81.3% Housing units=3,344 Owner occupied= 778 – 23% Vacant= 664 Black owned= 686 – 20% Median income= $15,058 Knox- Henderson 3.9 Miles to downtown Zip code: 75205 4.35 square miles = 2,784 acres Population= 23,061 Black Population = 1.5% Housing units= 9,985 Owner occupied= 5,512 – 55% Vacant= 969 Black owned= 20 - .003% Median income= $73,153 Bishop Arts District 3.0 Miles to downtown Zip code: 75208 5.94 square miles = 3,801.6 acres Population= 35,800 Black population = 4% Housing units= 10,853 Owner occupied= 5,503 – 50% Vacant= 1,046 Black owned= 152 - .02% Median income= $35,135 *Source data from zipwho.com and usboundary.com

COIR Development Theory Definition: The process of meeting a community’s needs through real estate development and collective action. Maslow’s hierarchy of needs Physiological needs Safety needs Love and belonging needs Self-Esteem Self-actualization **Include a reference for Maslow’s Hierarchy as well as the graphic

COIR Holdings, LLC Mission: To deliver net-zero energy capable residential and commercial products to aid in community and economic development by providing sustainable housing at a value while training and employing a local work force to build our product in communities we serve. COIR Values 1. Financial profitability 2. Environmental responsibility 3. Positive social impact 4. Inter-generational influence 5. Spiritual alignment

Revitalization Without Gentrification

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