Examples of "auto-gentrification"?

[jd3189]

Been wondering about this recently. Gentrification is controversial in terms of existing residents losing out to higher income professionals in favorable neighborhoods. It's unfortunate, but as long as the existing residents are only renting property, they will be more subject to market conditions. Leaving the neighborhood, becoming homeless, and fighting against gentrification has been some of the choices made in responses to being priced out and replaced by those who can afford the higher costs of living in a certain place.

However, has there been cases where residents in a neighborhood actually chosen to invest in the property they were renting in order to maintain their presence in the neighborhood and reap the benefits of the higher land value?

I'm guessing certain ethnic neighborhoods have done this. I'm curious about specifically black or Latino neighborhoods that have done this, but other neighborhoods can be mentioned. Seems like it would be a win-win. The neighborhood would get better and more valuable while still maintaining a part of it's identity.