[205guy]

There were 2 replies that I want to summarize together: empowering the current residents as part of the renewal, and rent control.

I think as part of the urban improvement is to work with the renters and landlords to let the renters capture some of the rising value, either through some sort of equity rent-to-own, or creative financing that lets the renters find other housing within the neighborhood. Maybe some sort of buy-out conversion from private landlords to private-benefit-corporation landlord (as opposed to public housing).

The alternative is localized rent control, that makes sure that the landlords don't capture the rising value of the neighborhood that is being added by the residents and their work. You also need some limits on redevelopment, so the landlord doesn't just replace the building with something more upscale and manage to replace the tenants as part of that. Maybe allow refurbishing and some new units in exchange for current residents getting rent control.