Word to my mother

ok I just learned this word like last year i think. or maybe 2 years ago. I feel like I might just have a limited vocab, or maybe a lot of people dont know what it means like I didn't

heeeyy, they say this word in boyz in the hood! oh Furious Styles

Gentrification
-noun

1. the buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle-income families or individuals, thus improving property values but often displacing low-income families and small businesses.
2. an instance of gentrifying; the condition of being gentrified.

I live in Park Place and I can say, gentrification is live and real...