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Metropolitan Institute

Do Vacant Properties Kill Neighborhoods? An Agent-Based Simulation of Property Abandonment - 3 views

Abstract: "Buffalo is among the cities with the highest vacancy rates in the US. Between 2000 and 2009, the number of tax foreclosure properties at the City's tax auction (in rem) increased. By 200...

Buffalo case studies foreclosure population loss homeownership agent-based approach speculative investors homeowners REM properties Fillmore District Li Yin Robert Silverman 2011

started by Metropolitan Institute on 04 Jan 12 no follow-up yet
Metropolitan Institute

"60 Million and Counting: The Cost of Vacant and Abandoned Properties to 8 Ohio Cities"... - 0 views

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    Cleveland Community Research Partners and ReBuild Ohio. (2008). "$60 Million and Counting: The Cost of Vacant and Abandoned Properties to Eight Ohio Cities." Executive Summary: "This research documents the magnitude and cost of the vacant and abandoned properties problem in eight Ohio cities Cleveland, Columbus, Dayton, Ironton, Lima, Springfield, Toledo, Zanesville. The research found: * 25,000 vacant and abandoned properties * Widespread vacancies in both large and small cities * $15 million in annual city service costs * $49 million in cumulative lost property tax revenues to local governments and school districts * Weakened neighborhood housing markets with evidence of property flipping * Limited capacity of cities, on their own, to track and address vacant and abandoned properties
Metropolitan Institute

"Transforming Foreclosed Properties Into Community Assets."_Many Authors. [online] - 2 views

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    Madar, Josiah, Been, Vicki, and Amy Armstrong. "Transforming Foreclosed Properties into Community Assets." NYU Furman Center for Real Estate and Urban Policy, 2009. The report reviews the main issues discussed at a roundtable hosted by the Furman Center and supported by the Ford Foundation on May 2, 2008. It describes market issues for foreclosed properties, as well as opportunities for purchasing, reselling, and rehabilitating foreclosed properties. Additionally, the paper includes case studies that describe successful strategies that have been employed by various cities and local governments.
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