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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 http://lsr.nellco.org/nyu_lewp/46 DRAFT PAPER - PLEASE DO NOT CITE WITHOUT PERMISSION Abstract: "Cities across the United States increasingly are debating the best way to use vacant "infill" lots.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

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

Mendes, Wendy, Kevin Balmer Terra Kaethler, & Amanda Rhoads. (2008). "Using Land Inventories to Plan for Urban Agriculture." Journal of the American Planning Association. 74 (4), 435-450. Abstract: "Problem: Urban agriculture has potential to make cities more socially and ecologically sustainable, but planners have not had effective policy levers to encourage this. Purpose: We aim to learn how to use land inventories to identify city land with the potential for urban agriculture in order to plan for more sustainable communities by answering two questions: Do land inventories enable integration of urban agriculture into planning and policymaking? Do land inventories advance both ecological and social dimensions of local sustainability agendas? Methods: We use case studies of two Pacific Northwest cities (Portland, Oregon, and Vancouver, British Columbia), comparing the municipal land inventories they undertook to identify public lands with potential for urban agriculture. We study how they were initiated and carried out, as well as their respective scopes, scales, and outcomes. Results and conclusions: We find that the Portland inventory both enabled integration of urban agriculture into planning and policymaking and advanced social and ecological sustainability. In Vancouver similar integration was achieved, but the smaller scope of the effort meant it did little for public involvement and social sustainability. Takeaway for practice: Other local governments considering the use of a land inventory should contemplate: (a) using the inventory process itself as a way to increase institutional awareness and political support for urban agriculture; (b) aligning urban agriculture with related sustainability goals; (c) ensuring public involvement by creating participatory mechanisms in the design and implementation of the inventory; (d) drawing on the expertise of institutional partners including universities. Research support: The Centre for Urban Health Initiativ

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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."

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."

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."

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."

Adams, D., De Sousa, C. and S. Tiesdell. 2010. "Brownfield Development: A Comparison of North American and British Approaches." Urban Studies 47(1): 75-104. "Over the past 30-40 years, urban change and deindustrialisation in advanced economies have created a legacy of vacant and derelict land that is increasingly seen as a development opportunity rather than planning problem. This paper investigates how the shared challenge of bringing such brownfield sites back into productive use has been interpreted differently in four countries: the US, Canada, Scotland and England. In each case, the particular policy environment has shaped the brownfield debate in distinctive ways, producing a different set of relations between the public and private sectors in brownfield redevelopment. Through this detailed comparison of the North American and British experience, the paper traces the maturity of policy and seeks to discover whether the main differences in understanding and tackling brownfield land can be attributed primarily to physical, cultural or institutional factors."

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

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?"

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."

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