Group items tagged

Culhane, Dennis P., and Amy E. Hillier (2001). "Comment on 'Abandoned Housing: Exploring Lessons From Baltimore.'" Housing Policy Debate. 12(3), 449-55. Abstract: "For most cities, the possibility of transforming unused property into community and city assets is as yet hypothetical. Fiscal constraints limit the amount of land acquisition, relocation, and demolition that cities can undertake. Private investors, unsure of which neighborhoods have a chance of becoming self‐sustaining, are reluctant to take risks in untested markets. Cities need to create citywide planning strategies for land aggregation and neighborhood stabilization and to develop analyses of the risks and opportunities associated with redevelopment opportunities in specific markets. Research seems sorely needed. Although the policy world cannot and will not stand still waiting for academics to design the perfect study or to collect all the data to model the potential effects of various policy options and investments, analysis that can play a more immediately supportive role can and should be done now." Also view: Cohen, James R. (2001). "Abandoned Housing: Exploring Lessons from Baltimore." Housing Policy Debate. 12(3), 415-48

Coulton, Claudia, Michael Schramm, and April Hirsh. "Beyond Reo: Property Transfers at Extremely Distressed Prices in Cuyahoga County, 2005-2008." Center on Urban Poverty and Community Development, 2008. This report examines the trends of extremely distressed properties in Cuyahoga County between 2005- 2008 after being sold out of REO.

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.

Howland, Marie. "The Role of Contamination in Central City Industrial Decline." Economic Development Quarterly 18, no. 3 (2004): 13. "This study examines the role that land contamination plays in hindering central city redevelopment. The author tracked all sales and selling prices and the presence of contamination in one industrial area of about 5,580 acres in southwest Baltimore. The results indicate that after the mid-1990s, contaminated parcels have been selling and the market has adjusted to contamination by lowering prices. Out of 144 parcels that sold over the past decade, positive, market-clearing prices have been found for 45 parcels with either confirmed or historical-reasons-to-suspect contamination. Interviews with owners and brokers of parcels on the market for 2 years or more and analysis of the data indicate that sites with above-market asking price; that are small and oddshaped; with inadequate road access for modern trucks; that have outdated water, sewer, and telecommunications connections; and with incompatible surrounding land uses are the most likely to remain unsold after 2 years."

Shroder, Mark, ed. "Brownfields." U.S. Department of Housing and Urban Development. Cityscape 12, no. 3 (2010). This issue of Cityscape features articles on a variety of issues related to brownfields, such as federal policies; brownfields redevelopment; and the private markets.

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.

De Sousa, C., Wu, C. and L. Westphal. 2009. "Assessing the Effect of Publicly Supported Brownfield Redevelopment on Surrounding Property Values." Economic Development Quarterly 23(2): 95-110. Abstract: "This study measures and compares the impact of publicly assisted brownfield redevelopment on nearby residential property values in Milwaukee and Minneapolis. It also examines the influence of land use, neighborhood characteristics, and other redevelopment factors on this impact. The research approach incorporates a hedonic method to quantify nearby property value effects at more than 100 brownfield projects, and stakeholder interviews are used to assess perceived impacts to real estate conditions. The results reveal that the spillover effect in terms of raising surrounding property values is significant in both quantity and geographic scope, as redevelopment led to a net increase of 11.4% in nearby housing prices in Milwaukee and 2.7% in Minneapolis. It also reveals that project size, value, and the amount of public funding have minor impacts on this effect; factors such as proximity to major roads, distance from rail, and higher incomes have greater positive impacts."

Thomas, Michael R. "A GIS-based decision support system for brownfield redevelopment." Landscape and Urban Planning 58, 1 (2002): 7-23. "To evaluate land use options with respect to brownfields inventory, characterization, and potential for redevelopment, both government and private decision makers need access to information regarding land capability; development incentives; public goals, interests, and preferences; and environmental concerns such as site contamination and environmental quality. This article discusses a decision support system that provides access to state, regional, and local geospatial databases, several informational and visualization tools, and assumptions useful in providing a better understanding of issues, options, and alternatives in redeveloping brownfields. The resultant decision support system is augmented by a unique geographic information systems-based land use modeling application as an integrated expert system." (from abstract)

Coulton, Claudia, Kristen Mikelbank, and Michael Schramm. "Foreclosure and Beyond: A Report on Ownership and Housing Value Following Sheriff's Sales, Cleveland and Cuyahoga County, 2000-07." Center on Urban Poverty and Community Development, 2008. "This study focuses on the cumulative effects of increasing foreclosure rates in Cleveland neighborhoods and suburban municipalities of Cuyahoga County and attempts to answer a number of questions: What entities take ownership of these foreclosed properties and for how long do they hold them? Who purchases these homes next, and how do the sales prices compare to the value of the homes prior to the time they entered the foreclosure process? And have these patterns changed as the number of properties being auctioned at sheriff's sale has skyrocketed?"

Hasse, Dagmar (2008). Urban Ecology of Shrinking Cities: An Unrecognized Opportunity? Nature and Culture, 3(1), 1-8. Abstract: "Whereas environmental and social impacts of urban sprawl are widely discussed among scholars from both the natural and social sciences, the spatial consequences of urban decline are nearly neglected when discussing the impacts of land transition. Within the last decade, "shrinkage" and "perforation" have arisen as new terms to explain the land use development of urban regions faced with demographic change, particularly decreasing fertility, aging, and out-migration. Although shrinkage is far from being a "desired" scenario for urban policy makers, this paper argues that a perforation of the built-up structure in dense cities might bring up many positive implications."

Beauregard, R. (2003). "Aberrant Cities: Urban Population Loss in the United States, 1820-1930." Urban Geography. 24 (8), 672-690. Abstract: "Our understanding of population loss from U.S. cities draws primarily from the fate of industrial centers in the decades following World War II. Quite numerous, those cities cast off residents at unprecedented and sustained rates. Prior to this time, few large cities had ended a decade smaller in population size than they began. In order to broaden and deepen our knowledge of why some cities and not others lose population, this paper analyzes cities that shed population in the 19th century. Using Census data and capsule stories developed from city biographies, the paper explores both contextuating and precipitating factors. These findings subsequently become the basis for reflecting anew on urban decline since the mid-20th century."

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

Dewar, Margaret. "Selling Tax-Reverted Land: Lessons from Cleveland and Detroit." Journal of the American Planning Association 72, no. 2 (2006): 167-80. "Property abandonment is widespread in many northeastern and Midwestern cities. Some cities succeed better than others at moving abandoned properties to new uses. Comparing Detroit and Cleveland, where indicators of demand for land look similar, reveals that Cleveland's land bank has been an effective approach to selling tax-reverted land for reuse, while Detroit's method of land disposition has been less successful. Cleveland integrates its approach into the mayor's agenda for housing development and supports redevelopment with many complementary efforts. Cleveland's land bank conveys land with clear title, has an accurate property inventory, "banks" property, and sells for predictable, low prices." (from article)

Hansen, Susan B., Carolyn Ban, and Leonard Huggins. "Explaining the "Brain Drain" from Older Industrial Cities: The Pittsburgh Region." Economic Development Quarterly 17, no. 2 (2003): 15. "In an effort to understand why so many college graduates are leaving western Pennsylvania, recent college graduates from three Pittsburgh-area universities were surveyed about their career and location decisions. The results indicated some increase in those staying between 1994 and 1999. A logistic regression analysis showed that an improving economy, low housing costs, an ample opportunities for continuing education were the major reasons. However, the region is still losing disproportionate numbers of minorities and graduates in high-tech fields and is attracting few immigrants. The major competition was from neighboring states rather than the Sun Belt. Low salaries and lack of advancement opportunities, especially for women, minorities, and two career couples, were the primary reasons. The results suggest several policy recommendations to help retain recent area graduates and to attract more highly skilled workers to the region." [from abstract]

Virginia Local Initiatives Support Cooperation, "The Ripple Effect: Economic Impacts of Targeted Community Investments." Federal Reserve Bank of Richmond. (2005) http://go.clientapp.com/vacantproperties/production/resources/ppts/Ripple%20Effect.pdf Abstract: "This publication illustrates how to create neighborhoods of choice and opportunity, when resources are limited and maximum results are desired. It summarizes the results of a Federal Reserve Bank of Richmond study, examining the Neighborhoods in Bloom program in Richmond. Only five years after the program was initiated, the study reports some significant economic impacts of the policy, including increased home values. By targeting public and foundation resources to specific distressed neighborhoods, Richmond was able to attract the much-needed market capital. This targeted strategy premised on process, political will, and partnerships, enabled Richmond to transform some of its most disinvested neighborhoods."

Hanlon, Bernadette (2008). "The Decline of Older, Inner Suburbs in Metropolitan America. Housing Policy Debate." 19(3), 423-456. Abstract: "This article develops an index of suburban decline for 3,428 U.S. suburbs. The results of this index were used to measure the prevalence and extent of decline for older, inner suburbs and newer suburbs across the nation and in different regions from 1980 to 2000. The general pattern is one of decline in selected older, inner suburbs, especially those with housing built between 1950 and 1969 and those with increasing minority populations. Regional analysis reveals that the South and the Midwest had the highest proportion of older, inner suburbs in crisis. Suburbs with housing built before 1939 emerged as areas of continuing affluence."