6.10 Flashcards
(8 cards)
mortgage
a loan that is taken out to purchase a home
redlining
the practice of identifying high risk neighborhoods on a city map and refusing to lend money to ppl who want to buy property in those neighborhoods
squatter settlements
an area of degraded, seemingly temporary, inadequate, and often illegal housing
inclusionary zoining
municipal county planning ordinances that require a given share of new construction to be affordable for ppl with low to moderate income
exclusionary zoning
zoning attempts to keep low to moderate income ppl out of the neighborhood
urban renewal
large scale redevelopment of the built environment in downtown and older inner-city neighborhoods
gentrification
the displacement of lower-income residents by higher-income residents as an area or neighborhood improves