Urban Renewal

Blighted Area
A blighted area is a section of a city characterized by dilapidated structures and substandard living conditions. Urban renewal initiatives are designed to address these areas by rehabilitating or demolishing buildings that don't meet housing codes, and by constructing new buildings.
Gentrification
Gentrification refers to the process by which higher-income individuals displace lower-income residents in a neighborhood, often occurring when an older area undergoes revitalization.
Urban Renewal
Urban renewal is the process of redeveloping deteriorated sections of a city, often through demolition and new construction. It aims to revitalize urban areas to spur economic development and improve living conditions.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.