Small investments in poor neighborhoods are the best way for a community to build wealth. They are also the best way to lift people out of poverty without displacing them from their neighborhood.
They almost intentionally make the assertion without investigating the “why”, but it’s almost certainly the property density.
In the affluent neighbourhoods, a property might be worth twice as much on average but it’s on a lot 3x the size with wider and more comfortable streets throughout, likely with significantly more public green spaces.
A community park in an affluent neighborhood costs the city money to maintain, where in a poorer higher density neighborhood it instead would be 30 little houses on it each contributing property taxes.
They almost intentionally make the assertion without investigating the “why”, but it’s almost certainly the property density.
In the affluent neighbourhoods, a property might be worth twice as much on average but it’s on a lot 3x the size with wider and more comfortable streets throughout, likely with significantly more public green spaces.
A community park in an affluent neighborhood costs the city money to maintain, where in a poorer higher density neighborhood it instead would be 30 little houses on it each contributing property taxes.