We don't really have enough context to answer this question, besides the fact that you live in an american city. But the thing is that you don't need us to answer your question either. Towns are subject to planning, which is documented and therefore the full context of every decision is available to you and to civil society organizations.
From what I understand the fundamental problem with housing in the imperial core is that the same moneyed interests in charge of rent and real estate speculation are also placed in charge of building housing. Therefore you'll have just enough housing to expand the market in the name of asset managers and landlords, but never to deflate costs for businesses and workers.
Every city in a capitalist context is gonna have a center and a periphery, with a neglected part of town and a well funded part of town. Gentrification is always gonna happen because there's no political segregation between those two. People are always moving and economies are always changing. That is not to say that these are natural processes. Only to go back and put more emphasis on what I said earlier. The city is planned. It is planned to move people and businesses around, to extract money for the moneyed interests, to funnel state funds here and there. That is the context that makes a large, low income housing project 'good' or 'bad'.
for some reason this gave me pop team epic vibes