Two-way bilingual education (TWBE) is guided by three traditional goals: academic achievement, bilingualism/biliteracy, and sociocultural competence. The rapid growth, whitening, and gentrification of TWBE programs have prompted a call for an extension of the three traditional goals to include a fourth one: critical consciousness. This critical ethnography examines how the author and a fifth-grade TWBE teacher prioritized this fourth goal in the curriculum by positioning gentrification processes impacting the school and community as a generative theme.