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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."

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.

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

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

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.