It seems to me a huge bank like Bank of America is well-capitalized to start a huge investment project into a troubled area of a city that will:<p>1. provide wealth to it's residents
2. fix crime and blight
3. help alleviate housing affordability crisis<p>Right now, a troubled area might have housing wealth be 1/4 of a nearby affluent area. But generally, this is simply because of crime and bad schools due to the cycle of poverty. If you're able to quickly alleviate the crime and poverty, suddenly that troubled area is basically as desirable for housing as the rest of the area.<p>Now, usually, this "gentrification" process has happened slower, over decades, and without the corresponding wealth accrual of its current residents. So it doesn't work out for the current residents and the clash between people is much harsher.<p>But what if all the wealth that was created when a $300k East Oakland home becomes $1m, was equally shared between investment and residents? Could you pay people (give them some type of community job) and/or make sure everyone has housing equity, to break that cycle, stop the crime, so that everyone wins?<p>It feels doable if tackled on a large scale, what am I missing?