Background of the Study
Urban gentrification has become a significant urban phenomenon that reshapes neighborhoods, often displacing long-standing low-income residents (Adesina, 2023). In Ibadan South-West, rapid urban redevelopment has led to increased property values, improved infrastructure, and dramatic shifts in the demographic composition of communities. While such processes can revitalize local economies, they frequently marginalize economically vulnerable populations. Low-income households face rising rents, the loss of affordable housing, and disruptions in social networks that have historically provided community support (Bello, 2024). This complex interplay between economic development and social displacement necessitates a critical analysis to determine both the benefits and hidden costs of gentrification. Urban planners and local authorities have expressed concerns about the sustainability of such transformations, emphasizing the need for strategies that protect vulnerable residents. This study investigates the multidimensional impacts of gentrification on low-income households in Ibadan South-West, utilizing both quantitative data and qualitative narratives to examine changes in housing affordability, community cohesion, and socio-economic well-being (Ogunleye, 2023; Akinola, 2024).
Statement of the Problem
Urban gentrification in Ibadan South-West has introduced significant challenges for low-income households. The rapid increase in property values and living costs has precipitated widespread displacement and eroded community cohesion (Olumide, 2023). Although infrastructural improvements are evident, the benefits of urban renewal frequently bypass the economically vulnerable, leaving them with diminished access to affordable housing and essential services. This disconnect has intensified economic insecurity and deepened social inequalities. The absence of inclusive urban planning strategies further compounds these issues, resulting in a cycle of displacement and marginalization. This study seeks to fill the existing research gap by critically assessing the adverse impacts of gentrification and exploring policy measures that could mitigate these effects (Ayodele, 2024).
Objectives of the Study:
To analyze the socio-economic impact of gentrification on low-income households.
To assess changes in housing affordability and community stability.
To recommend urban policy interventions that support vulnerable populations.
Research Questions:
What are the key socio-economic impacts of gentrification on low-income households?
How has gentrification altered housing affordability in Ibadan South-West?
What policy measures can mitigate the adverse effects of urban gentrification?
Research Hypotheses:
Urban gentrification leads to increased displacement of low-income households.
Gentrification significantly contributes to the rise in housing costs.
Inclusive urban policies can reduce the negative impacts of gentrification on vulnerable residents.
Significance of the Study
This research is vital for understanding the dual impact of urban redevelopment on economic growth and social equity in Ibadan South-West (Adebola, 2023). The study’s insights will assist urban planners and policymakers in formulating balanced strategies that protect low-income households while promoting modernization. By providing evidence-based recommendations, the research contributes to broader debates on sustainable urban development and social justice, ensuring community welfare is maintained amid rapid economic changes (Balogun, 2024).
Scope and Limitations of the Study:
The study is confined to the impact of urban gentrification on low-income households in Ibadan South-West. It focuses solely on local urban renewal initiatives and their socio-economic repercussions, without generalizing findings to other urban areas.
Definitions of Terms:
Urban Gentrification: The process of renovating deteriorated urban neighborhoods that often leads to the displacement of lower-income residents.
Low-Income Households: Families or individuals with limited financial resources who are vulnerable to rising living costs.
Affordable Housing: Housing that remains financially accessible to low-income populations.
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