Group items tagged

Accordino, John and Johnson, Gary (2000). Addressing the Vacant and Abandoned Property Problem. Journal of Urban Affairs, 22(3), 301-315. Abstract: "Vacant and abandoned property is increasingly recognized as a significant barrier to the revitalization of central cities. This study sheds some light on the nature of the property abandonment problem and on current city efforts to address it. It is based upon the findings of a survey of the 200 most populous central cities in the United States, conducted during the summer and fall of 1997, and on follow-up interviews with a portion of the survey population, conducted during the summer of 1998. The findings of the survey and interviews indicate that vacant and abandoned property is perceived as a significant problem by elected and appointed officials in the nation's largest central cities. This type of property affects many aspects of community life, including housing and neighborhood vitality, crime prevention efforts, and commercial district vitality. Single- and multi-family housing, retail properties and vacant land are the most problematic types of vacant and abandoned property for most cities. Cities use a variety of techniques to address this problem, including aggressive code enforcement, tax foreclosure, eminent domain, and cosmetic improvements. One-third of the cities surveyed use a variety of other innovative tools to combat the vacant and abandoned property problem. Nevertheless, current efforts to combat the problem suffer from a number of shortcomings that are described in the article."

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

Wiechmann, Thorsten (2008). Errors Expected - Aligning Urban Strategy with Demographic Uncertainty in Shrinking Cities. International Planning Studies, 13(4), 431-446. Abstract: "At the beginning of the 21st century, the majority of Europe's cities experienced a population decrease. Dealing with the results of demographic, economic and physical contraction processes and planning for the future of considerably smaller but nevertheless livable cities presents some of the most challenging tasks for urban Europe in the near future. This article highlights the example of Dresden in Eastern Germany, where the breakdown of the state-directed economy caused economic decline, industrial regression, and high unemployment rates. Due to out migration and decreasing birth rates, the city lost 60,000 of its 500,000 residents within one decade. As a consequence, there were housing and office vacancies as well as infrastructure oversupplies. Yet the administrative system was still directed towards growth objectives throughout the 1990s. Only after 2000 this situation changed dramatically. The new strategic plan for Dresden is no longer growth oriented. Instead, it focuses on a model of the compact 'European city', with an attractive urban centre, reduced land consumption, and a stable population. However, in another unexpected turn of events, within the last seven years the city has experienced an unexpected growth of 25,000 residents. Surprisingly, processes of suburbanization have turned into processes of reurbanization. Today in Dresden, areas of shrinkage and decline are in close proximity to prospering and wealthy communities. The strategic challenge is to deal with this patchwork while accepting that the future remains unpredictable. Hence, strategic flexibility becomes more important than the strategy itself. To a certain extent rational analysis and error prevention is displaced by preparedness, robustness, and resilience as key qualifications of planning in shrinking c

Cohen, James R. (2001). "Abandoned Housing: Exploring Lessons from Baltimore. Housing Policy Debate." 12(3), 415-48. Abstract: "Population loss and economic decline have resulted in thousands of abandoned homes in major U.S. cities. Although abandoned homes are symptomatic of other problems, they also contribute to neighborhood decline and frustrate revitalization. This article provides an overview of the national scope of abandoned housing and profiles Baltimore's strategy for addressing this problem. Challenges in Baltimore's revitalization planning include the necessity of and financial requirements for a comprehensive approach and the difficulty of reaching consensus. Widespread property "flipping" hampers prevention. Efforts to acquire and demolish units are constrained by difficulties in tracking ownership, felons' ownership of derelict units, and a shortage of staffing to process takings. Challenges in rehabilitating and marketing row houses include the need for subsidies to make units affordable to the most likely buyers, the omnipresence of lead paint, and the lack of foreign immigration. The article proposes a more strategic approach to the city's revitalization planning." [Also view: Culhane, Dennis P., and Amy E. Hillier (2001). "Comment on 'Abandoned Housing: Exploring Lessons From Baltimore.'" Housing Policy Debate. 12(3), 449-55.]

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.

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