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Metropolitan Institute

"Selling Tax-Reverted Land: Lessons from Cleveland and Detroit."_Dewar. [journal article] - 3 views

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    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)
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

"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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