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Metropolitan Institute

"The Effect of Community Gardens on Neighboring Property Values"_Been & Voicu [working ... - 1 views

lsr.nellco.org/...viewcontent.cgi

community gardens maintenance hedonic modeling New York City case study property values urban parks

shared by Metropolitan Institute on 04 Jan 12 - No Cached
  • Metropolitan Institute on 04 Jan 12
     
    Been , Vicki and Voicu, Ioan, "The Effect of Community Gardens on Neighboring Property Values" (2006). New York University Law and Economics Working Papers. Paper 46. http://lsr.nellco.org/nyu_lewp/46 DRAFT PAPER - PLEASE DO NOT CITE WITHOUT PERMISSION Abstract: "Cities across the United States increasingly are debating the best way to use vacant "infill" lots. The community garden movement is one of the major contenders for the space, as are advocates for small public "pocket" parks and other green spaces. To allocate the land most efficiently and fairly, local governments need sound research about the value of such gardens and parks to their host communities. At the same time, cities are looking for new ways of financing the development and maintenance of public garden and park space. Some have turned to tax increment financing to generate resources, other are introducing impact fees or special assessments to cover the costs of urban parks. In order to employ such financing mechanisms, both policy concerns and legal constraints require local governments to base their charges on sound data about the impacts green spaces have on the value of the neighboring properties that would be forced to bear the incidence of the tax or fee. Despite the clear public policy need for such data, our knowledge about the impacts community gardens and other such spaces have on surrounding neighborhoods is quite limited. No studies have focused specifically on community gardens, and those that have examined the property value impacts of parks and other open space are cross-sectional studies inattentive to when the park opened, so that it is impossible to determine the direction of the causality of any property value differences found. The existing literature also has paid insufficient attention to qualitative differences among the parks studied and to differences in characteristics of the surrounding neighborhoods that might affect the parks' impacts
Metropolitan Institute

"New Approaches to Comprehensive Neighborhood Change: Replicating and Adapting LISC's B... - 1 views

www.instituteccd.org/1479

Chicago IL New Communities Program community development LISC case studies Building Sustainable Communities Program assessment neighborhood change

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  • Metropolitan Institute on 04 Jan 12
     
    Walker, Chris, Sarah Rankin, and Francisca Winston. "New Approaches to Comprehensive Neighborhood Change: Replicating and Adapting LISC's Building Sustainable Communities Program." New York, NY: LISC, 2010. In 2006, LISC issued in-house requests for proposals to select 10 cities to participate in the Building Sustainable Communities program, a national expansion of its comprehensive approach to community development, which it had piloted in Chicago through the New Communities Program (NCP). Adopting the core elements of comprehensive community development in a varied set of cities would further test the ability of the approach to offer transferrable lessons for LISC and the field as a whole. This report by LISC's Research and Assessment team is the first installment of a long-term assessment of how the NCP platform has been replicated in the first 10 demonstration cities of the Sustainable Communities program. The authors conclude that a large majority of the 38 neighborhoods involved in Sustainable Communities are replicating the NCP model, based on examining the following elements: * Target neighborhoods and their challenges * Supportive and effective community leadership * Quality-of-life planning and comprehensive programs * Intermediation and systemic support "Some sites are blessed with ample foundation support for neighborhood development; others less so. In some neighborhoods, leadership is highly concentrated in one of two organizations that work well together; in others, leadership is diffuse and fractious. Nevertheless, the approach has proven adaptable enough to work well across different neighborhoods in Chicago. Can it be adapted to different neighborhood and city contexts simultaneously?" The report's findings are based on the LISC research staff's review of program documents, neighborhood-level statistics, and reports from LISC staff members and technical assistance consultants.
Metropolitan Institute

"Mortgage Foreclosures: Additional Mortgage Servicer Actions Could Help Reduce the Freq... - 0 views

www.gao.gov/GAO-11-93

home mortgage loans servicers foreclosure bank walkaway community impacts local governments counseling abandoned foreclosures

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  • Metropolitan Institute on 04 Jan 12
     
    United States Government Accountability Office. "Mortgage Foreclosures: Additional Mortgage Servicer Actions Could Help Reduce the Frequency and Impact of Abandoned Foreclosures." 1-86. Washington, D.C.: U.S. GAO, 2010. Summary: "Entities responsible for managing home mortgage loans--called servicers--may initiate foreclosure proceedings on certain delinquent loans but then decide to not complete the process. Many of these properties are vacant. These abandoned foreclosure--or "bank walkaway"--properties can exacerbate neighborhood decline and complicate federal stabilization efforts. GAO was asked to assess (1) the nature and prevalence of abandoned foreclosures, (2) their impact on communities, (3) practices that may lead servicers to initiate but not complete foreclosures and regulatory oversight of foreclosure practices, and (4) actions some communities have taken to reduce abandoned foreclosures and their impacts. GAO analyzed servicer loan data from January 2008 through March 2010 and conducted case studies in 12 cities. GAO also interviewed representatives of federal agencies, state and local officials, nonprofit organizations, and six servicers, among others, and reviewed federal banking regulations and exam guidance. Among other things, GAO recommends that the Federal Reserve and Office of the Comptroller of the Currency (OCC) require servicers they oversee to notify borrowers and communities when foreclosures are halted and to obtain updated valuations for selected properties before initiating foreclosure. The Federal Reserve neither agreed nor disagreed with these recommendations. OCC did not comment on the recommendations. Using data from large and subprime servicers and government-sponsored mortgage entities representing nearly 80 percent of mortgages, GAO estimated that abandoned foreclosures are rare--representing less than 1 percent of vacant homes between January 2008 and March 2010. GAO also found that, while abandoned foreclosures have occurred
Metropolitan Institute

"Save that House! An Examination of Demolition Ordinance." _Many Authors [conference pa... - 0 views

Nasar, Jack, Victoria Morckel, and Jennifer Cowley.  “Save that House! An Examination of Demolition Ordinance.”  Paper to be presented at the annual conference for the Assoc...

housing demolition ordinances case studies survey demolitions tax

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

"Community Gardens as New Forms of Public Space." _Langegger [conference paper] - 0 views

Langegger, Sig. "Community Gardens as New Forms of Public Space." Paper to be presented at the annual conference for the Association of Collegiate Schools of Planning, Salt Lake City, Utah, Octob...

community gardens public spaces urban planning Denver CO case studies

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

To be Abandoned, or to be Greened - 3 views

Abstract: Many cities around the country combat increases in abandoned properties, as these properties often become an eyesore in urban landscape. In particular, old industrial cities where a large...

community gardens public-private partnerships tax incentives case studies Philadelphia discrete choice model Neighborhood Information System NIS urban greening In Kwon Park Patricia Ciorci 2011

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Metropolitan Institute

Combating Suburban Decline: The Role of Social Capital and CDCs - 2 views

Abstract: This paper analyzes the role of social capital and Community Development Corporations (CDCs) in Cincinnati's inner-suburbs as tools to combat suburban decline. Building off of previous re...

social capital community development corporations inner suburbs Cincinnati Ohio suburban decline neighborhood revitalization economic stability networks Joanna Mitchell Brown 2011

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

"Meeting the Challenge of Distressed Property Investors in America's Neighborhoods."_Ma... - 0 views

www.lisc.org/...tressed_Property_Investors.pdf

code enforcement investors community development corporations property owners foreclosure United States REO investors local government

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  • Metropolitan Institute on 04 Jan 12
     
    Mallach, Alan. "Meeting the Challenge of Distressed Property Investors in America's Neighborhoods." 1- 91. New York, NY: LISC, 2010. Introduction: "The mortgage crisis that has gripped the United States since 2007 has resulted in property owners losing millions of properties through foreclosure, with a loss of hundreds of billions of dollars in individual and community assets. Through the foreclosure process, the majority of these properties have been taken back by the mortgage lender and become 'real-estate-owned' or REO properties. For the first year or so after foreclosures took off in 2007, with lenders unprepared to deal with these properties and few buyers of any sort in the marketplace, REO properties often went begging. By the end of 2008, however, that was no longer the case. Private property investors - from "mom & pop" investors buying one or two properties to Wall Street firms and consortia of foreign investors buying entire portfolios - had moved back into the market in large numbers. Since early 2009, the ranks of investors have steadily grown, while it has become less accurate to refer to them as 'REO investors'. Rather than waiting for properties to come into lenders' REO inventories, distressed property investors - as they are more appropriately known - have been increasingly buying houses through short sales, buying non-performing mortgages, or bidding against foreclosing lenders at foreclosure sales. Today, their presence is a major factor in the marketplace of nearly every metropolitan area experiencing large numbers of foreclosures. Their activities are having a powerful effect on neighborhoods generally and on the neighborhood stabilization efforts of cities and non-profit community development corporations (CDCs) in particular. Their effect, however, is a matter of considerable disagreement and even controversy. The purpose of this report is twofold: first, to offer insight into how distressed property investors operate, and how their activ
Metropolitan Institute

Planning for Urban Regeneration and Energy Investments: Issues of Conflict and Compatib... - 2 views

Abstract: EPA's RE-Powering America initiative, DOE's Energy Efficiency/Renewable Energy programs and HUD's Sustainable Communities efforts all are directed toward altering energy usage and/or gene...

EPA RE-Powering America Initiative DOE Efficiency Renewable HUD's Sustainable Communities renewable energy generation locally undesirable land uses (LULU) National Association of Local Government Environmental Professionals Peter Meyer 2011

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Metropolitan Institute

Evolution from Urban Renewal to Community Development: Implications for Shrinking Cities - 5 views

Farris, J. Terrence. "Evolution from Urban Renewal to Community Development- Implications for Shrinking Cities." Paper to be presented at the annual conference for the Association of Collegiate S...

urban redevelopment policy shrinking cities displacement renewal community development history planning 1949 Housing Act Terrence J. Farris 2011

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Metropolitan Institute

"Modeling the Relationship among Brownfields, Property Values, and community Revitaliza... - 1 views

www.tandfonline.com/...10511482.2005.9521543

brownfield redevelopment brownfields hedonic modeling community revitalization economic justice Atlanta GA Cleveland OH

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  • Metropolitan Institute on 23 Nov 11
     
    Leigh, Nancey Green, and Sarah L. Coffin (2005). "Modeling the Relationship among Brownfields, Property Values, and community Revitalization. Housing Policy Debate." 16(2), 257-280. Abstract: "The main focus in redeveloping brownfields is on the most marketable properties, typically found in the healthiest urban neighborhoods. As evidenced by the rapid redevelopment that many communities are experiencing, this approach is helping to return brownfields to productive use. Yet not all brownfields are being cleaned up, nor are there enough resources to do so soon. Thus, from the perspective of community revitalization and of economic justice, we need to ask whether it matters which properties in which neighborhoods are receiving these scarce funds. That is, does the existence of brownfields in a neighborhood affect residential property values and capacity for revitalization? To answer these questions, we use hedonic modeling to determine the impact of brownfields on property values in Atlanta and Cleveland. Our results suggest that short‐term economic efficiency is neither the most appropriate nor the only criterion on which to base public investment decisions for remediation."
Metropolitan Institute

"Implementing the Neighborhood Stabilization Program (NSP): Community Stabilization in ... - 0 views

www.stablecommunities.org/...tion-neighborworks-network.pdf

partnerships neighborhood recovery recovery Orange NJ Syracuse NY Ft. Lauderdale FL Boston MA Slayton MN Clearwater FL Neighborhood Stabilization Program (NSP) case studies community development corporations housing community development

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  • Metropolitan Institute on 04 Jan 12
     
    NeighborWorks America. "Implementing the Neighborhood Stabilization Program (NSP): Community Stabilization in the Neighborworks Network." 1-84. Washington, D.C.: Neighborhood Reinvestment Corporation d/b/a Neighborhworks America, 2010.
Metropolitan Institute

"Vacant Land as a Natural Asset: Enduring Land Values Created by Care and Ownership."_M... - 2 views

www-personal.umich.edu/...FlintReport_FINAL.pdf

Flint MI Genesee County Land Bank vacant properties ecosystem services ecological design urban greennig Genesee County MI vacant land land bank urban design water quality urban habitat vacant land management community engagement community care environment

shared by Metropolitan Institute on 23 Nov 11 - No Cached
  • Metropolitan Institute on 23 Nov 11
     
    Nassaure, J.I., VanWieren, R., Wang, Z., and Kahn, D. 2008. "Vacant Land as a Natural Asset: Enduring Land Values Created by Care and Ownership." Genesee Institute, Flint, MI. "Vacant land can be managed to create enduring environmental values. This project analyzed vacant properties managed by the Genesee County Land Bank Authority (GCLBA) to show how they can be managed to achieve inviting neighborhoods and to protect and build long-term ecosystem services. The project marries the intrinsic strengths of Genesee County - especially its water resources - with its immediate strengths: citizens' engagement and sense of ownership in their own neighborhoods. It takes these strengths one step further by showing how to create enduring value on vacant land by encouraging community engagement in the care and environmental stewardship of vacant property. To achieve these goals, this report suggests that the GCLBA manage its properties across three times frames: NOW - FOR MAINTENANCE. With primary concern for maintaining property in cost-efficient ways that enhance neighborhood appeal while protecting ecosystem services. TRANSFORMATION - AS A RIPENING AMENITY FOR THE FUTURE. Using the locations of the more than 4000 GCLBA properties across the county as an opportunity to create more attractive neighborhoods and environmentally beneficial landscape patterns for the future. FUTURE - AS LAND USE TYPES. Identifying future land uses and landscape characteristics of GCLBA properties to enhance the value of surrounding properties as well as enhance ecosystem services for the entire community."
Metropolitan Institute

"Community Response to the Foreclosure Crisis: Thoughts on Local Interventions."_Immerg... - 1 views

www.frbatlanta.org/...dp_0108.pdf

foreclosure mortgage crisis local governments non profits prevention recovery

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  • Metropolitan Institute on 04 Jan 12
     
    Immergluck, Dan. "Community Response to the Foreclosure Crisis: Thoughts on Local Interventions." Atlanta: Federal Reserve Bank of Atlanta, 2008. This paper describes the basic responses to the foreclosure crisis, including constraints and opportunities faced by the local government and the community as they respond to the crisis.
Metropolitan Institute

Brownfields Blueprints: A Study of the Showcase Communities Initiative - 4 views

This report focuses on the various Brownfields Showcase Communities, highlighting the specific and more universal challenges that the communities faced when implementing the program. Many authors....

brownfields Showcase Communities case studies Baltimore Chicago Glen Cove Kansas City Los Angeles Lowell Seattle Providence Salt Lake St.Paul Stamford Dallas East Palo Alto Portland Trenton Brownfields National Partnership 'ICMA 2001

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Metropolitan Institute

"The Southeast Land Bank."_Gasser [journal article] - 0 views

rsa.informaworld.com/...7361276~tab=content~order=page

Baltimore MD Southeast Land Bank redevelopment urban redevelopment corporation land banks community organizations revitalization

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  • Metropolitan Institute on 04 Jan 12
     
    Gasser, W. (1979). "The Southeast Land Bank." Journal of the American Planning Association. 45 (4), 532-537. Abstract: "The Southeast Land Bank of Baltimore is a community-controlled urban redevelopment corporation created to act as a holding company and broker for recycling neighborhood property. Three approaches were used to protect Upper Fell's Point from speculative pressures and neighborhood blight caused by a proposed road realignment. The Land Bank engaged in acquisition, holding, rehabilitation advice, and marketing of vacant houses in good condition, vacant and dilapidated houses, and absentee-owner, occupied houses that needed complete renovation. Despite the administrative and financial difficulties the Bank faced in its first eighteen months of operation, its experience provides valuable lessons for other community organizations interested in taking an active role in their neighborhoods' revitalization."
Metropolitan Institute

"Neighborhoods in the Wake of the Debacle: Intrametropolitan Patterns of Foreclosed Pro... - 1 views

uar.sagepub.com/...3.abstract

foreclosure subprime crisis vacant properties

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  • Metropolitan Institute on 04 Jan 12
     
    Immergluck, Dan. "Neighborhood in the Wake of the Debacle: Intrametropolitan Patterns of Foreclosed Properties." Urban Affairs Review 46,1 (2010): 3-36. A key aspect of the U.S. subprime crisis was the accumulation of vacant, foreclosed properties in many neighborhoods and localities. This article describes zip-code-level patterns of foreclosed homes, or what are typically called "real estate owned" (REO) properties, at the peak of the subprime crisis in late 2008 and estimates a model of REO accumulation from 2006 to 2008. Three key findings emerge. First, during the peak of the subprime foreclosure crisis in late 2008, large central cities, on average, experienced higher levels of REO per mortgageable property than suburban areas. This contradicts some suggestions that the crisis was primarily centered in suburban or exurban communities. Second, the suburbanization of REO varied across two key types of metropolitan areas, with boom-bust regions experiencing more suburbanization than weak- or mixed-market metros. Finally, determinants of zip-code-level REO accumulation included high-risk lending activity and the age of housing stock. After controlling for these and other variables, neither the central city versus suburban location of a zip code nor the proportion of residents commuting over 30 minutes was significantly associated with REO growth. The intrametropolitan location of a zip code appears to have been a less important factor in REO growth than the fact that a large amount of development in newer communities was financed during the subprime boom.
Metropolitan Institute

"Role of Contemporary Urbanisms in a Shrinking Cities Syndrome."_Kim [conference paper] - 2 views

Kim, Joongsub. "Role of Contemporary Urbanisms in a Shrinking Cities Syndrome." Paper to be presented at the annual conference for the Association of Collegiate Schools of Planning, Salt Lake Cit...

shrinking cities United States Japan Europe international urbanisms

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

Unearthing the benefits of brownfield to green space projects: An examination of projec... - 2 views

Abstract: "The redevelopment of brownfields and the creation of green space in cities are two initiatives that are gaining support in the US, for they are perceived to be important elements for fos...

Chicago quality of life urban revitalization sustainable development green space property values survey federal policy Minneapolis brownfield redevelopment C. DeSousa 2006

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

"Landbanking as Metropolitan Policy. Blueprint for American Prosperity."_Alexander [onl... - 0 views

www.brookings.edu/...mortgage_crisis_alexander.aspx

mortgage foreclosure post-industrial cities land banks policy local governments productive reuse federal policy

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  • Metropolitan Institute on 04 Jan 12
     
    Alexander, Frank S (2008). "Landbanking as Metropolitan Policy. Blueprint for American Prosperity." Washington, DC: The Brookings Institution. Available at http://www.brookings.edu/papers/2008/1028_mortgage_crisis_alexander.aspx Executive Summary: "Stressed by the catastrophic mortgage foreclosure crisis and the long-run decline of older, industrial regions, communities around the country are becoming increasingly burdened with vacant and abandoned properties. In order to alleviate the pressures on national prosperity caused by these derelict properties, the federal government needs to advance policies that support regional and local land banking for the 21st century. Land banking is the process or policy by which local governments acquire surplus properties and convert them to productive use or hold them for long term strategic public purposes. By turning vacant and abandoned properties into community assets such as affordable housing, land banking fosters greater metropolitan prosperity and strengthens broader national economic well-being."
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