Tag: credit markets
Bloomingdale is gentrifying. Ten years ago, the pretty neighborhood in central Washington, D.C., with the brightly painted Victorian townhouses and wide tree-lined streets was plagued by drugs, robberies and gang violence. Today those problems are greatly reduced, thanks in part to the efforts of the neighborhood’s tight-knit community of black families and young professionals. In the past five years, residents cleaned up the streets, developed two new parks and a small urban farm and watched their home values rise.