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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.

Rosenthal, Stuart S. 2008. "Old homes, externalities, and poor neighborhoods. A model of urban decline and renewal". Journal of Urban Economics. 63 (3): 816. Abstract: "This paper investigates urban decline and renewal in the United States using three panels that follow neighborhoods on a geographically consistent basis over extended periods of time. Findings indicate that change in neighborhood economic status is common, averaging roughly 13 percent per decade; roughly two-thirds of neighborhoods studied in 1950 were of quite different economic status fifty years later. Panel unit root tests for 35 MSAs indicate that neighborhood economic status is a stationary process, consistent with long-running cycles of decline and renewal. In Philadelphia County, a complete cycle appears to last up to 100 years. Aging housing stocks and redevelopment contribute to these patterns, as do local externalities associated with social interactions. Lower-income neighborhoods appear to be especially sensitive to the presence of individuals that provide social capital. Many of the factors that drive change at the local level have large and policy relevant effects."

Keating, W. Dennis, Norman Krumholz, and Philip Star (eds.). Revitalizing Urban Neighborhoods. Lawrence, KS: University Press of Kansas, 1996 This "analysis of urban neighborhoods in the United States from 1960 to 1995 presents fifteen original and thought-provoking essays by many of the leading scholars of urban planning and development. Together they show how urban neighborhoods can and must be preserved as economic, cultural, and political centers. In this unique resource, the authors examine the growth and evolution of urban neighborhoods; illustrate what approaches have and haven't worked in a number of U.S. cities, including Chicago, Detroit, Cleveland, Los Angeles, Boston, and Minneapolis; investigate the expansion and widespread successes of Community Development Corporations in neighborhoods around the country; provide a comprehensive analysis of federal policies; and discuss the prospects of urban neighborhoods from a realistic perspective."

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

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

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."

Follain, James R., PhD. "A Study of Real Estate Markets in Declining Cities." 1-84. Washington, D.C: Research Institute for Housing America of the Mortgage Bankers Association, 2010. From Executive Summary: "The "Great Recession" of 2007 to 2009 has taken a great toll on housing markets in most cities and metropolitan areas in all parts of the country. Though the pace and extent of the overall economic recovery of these markets is still far from certain, many places will likely resume growth and fully recover within the next decade or so. This is almost certainly not to be the case for all metropolitan areas. In fact, a number of large metropolitan statistical areas (MSAs) experienced severe recessions during the latter half of the 20th century and prior to the Great Recession and never fully recovered or took many years to do so. Even among those metro areas with relatively bright long-run prospects for growth, certain submarkets within them may remain well below recent house price peaks for many years to come. What is a declining city? Simply put, a declining city is one in which the people have left, but the houses, apartment buildings, offices and storefronts remain. At the extreme, think of a ghost town from the Old West, a town that lost its reason for being. Are there cities or large metro areas in the United States at risk of disappearing back into the desert (or the swamp) today? Probably not, but there are certainly neighborhoods and submarkets within metro areas that have passed a tipping point, and have little prospect of returning to anything close to their previous peaks. Lastly, another type of declining city may also be emerging - places that grew substantially during the housing boom and are now experiencing unprecedented declines in house prices and increases in foreclosures. The primary goal of this paper is to offer insights on the potential future evolution of real estate markets in cities that are in the midst of a severe and persistent

Accordino, John, George Galster, and Peter Tatian. "The Impact of Targeted Public and Nonprofit Development on Neighborhood Development: Research based on Richmond, Virginia's Neighborhoods in Bloom Program," Federal Reserve Bank of Richmond, July 2005. This report examines Richmond, Virginia's Neighborhoods in Bloom program to assess the impacts of the targeted investment strategy that was used to revitalize the city.

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.

Mallach, Alan (2008). "How to Spend $3.92 Billion: Stabilizing Neighborhoods by Addressing Foreclosed and Abandoned Properties. Philadelphia: Federal Reserve Bank." Available at http://www.philadelphiafed.org/community-development/publications/discussion-papers/DiscussionPapers_Mallach_10_08_final.pdf Overview: "The Housing and Economic Recovery Act of 2008 created the neighborhood Stabilization Program (NSP), under which states, cities, and counties will receive a total of $3.92 billion to acquire, rehabilitate, demolish, and redevelop foreclosed and abandoned residential properties. These funds can stabilize hard-hit neighborhoods, putting them on the path to market recovery. This will only happen, however, if they are used in ways that are strategically targeted and sensitive to market conditions. This paper outlines 11 key principles that states, counties, and cities should follow as they plan for and use NSP funds."

McGovern, Stephen J (2006). "Philadelphia's Neighborhood Transformation Initiative: A Case Study of Mayoral Leadership, Bold Planning and Conflict." Housing Policy Debate. 17(3), 529-570. Abstract: "This article examines the Neighborhood Transformation Initiative (NTI), Mayor John F. Street's plan to revitalize Philadelphia's distressed neighborhoods by issuing $295 million in bonds to finance the acquisition of property, the demolition of derelict buildings, and the assembling of large tracts of land for housing redevelopment. Despite its resemblance to the discredited urban renewal programs of the past, this plan offered real potential for reducing blight by leveraging substantial private investment at a time when public subsidies for affordable housing and community development have been steadily diminishing. However, NTI did not promote equitable development that might have fostered broader support for an inherently controversial plan. Moreover, Street's initial leadership in proposing this bold initiative was followed by a reluctance to promote NTI aggressively after it was adopted in 2002. The result was a watered‐down effort that achieved some goals but has fallen short of what might have been accomplished."

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."