In the late 1990s and 2000s, the area underwent gentrification, and many new mid-rise apartment complexes and upscale townhomes were built. Beginning in the mid-1990s, the shotgun shacks were torn down, with townhouses replacing them. Many long-time residents, mostly renters, have moved out because they were unable to afford the increasing rent due to rising property values, and when low income renters moved out of the neighborhood, wealthy homeowners moved in. During the late 1990s the Fourth Ward Redevelopment Corporation was founded in order to preserve historical aspects of the community.