Urban renewal is seen as a way to address the housing crisis, modernize infrastructure and make cities greener. Nevertheless, international organizations warn that if local residents' rights are not protected, the redevelopment process may lead to higher housing prices, gentrification and displacement of people from multigenerational neighborhoods.
Risks and challenges of urban renewal
As part of the observance of World Cities Day, marked on October 31, experts discussed how to make urban renewal sustainable and inclusive. The Executive Director of the United Nations Human Settlements Programme (UN-Habitat), Anacláudia Rossbach, emphasized that
