The passage discusses the key characteristics of gentrification, including the displacement of local residents due to rising rents. Gentrification is driven by both private investment seeking higher potential rents and government policies. The passage also discusses limited equity cooperatives as a tool to promote stable ownership and prevent skyrocketing housing prices caused by real estate speculation, as seen under New York's 1955 Limited Profit Housing Companies Act (Mitchell-Lama program). The key benefits of this program include promoting economic and social integration while establishing stable communities.