Your SlideShare is downloading. ×
9/9 FRI 4:15 | Reimaging Communities
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

9/9 FRI 4:15 | Reimaging Communities

213
views

Published on

Daniel Kildee …

Daniel Kildee

Like many states around the country, the recent economic and housing crisis took a toll on Florida’s communities. The increase in vacant, abandoned, and foreclosed properties has deteriorated neighborhoods, strained local governments, and stunted development.
The first part of this session will explore the challenges facing shrinking cities and how creative planning concepts can foster regionalism and intergovernmental collaboration. The
second part of this session will highlight systemic changes that can positively affect how communities plan, such as reforms to the property tax foreclosure, code enforcement, and mortgage
foreclosure systems.

Published in: Technology, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
213
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Re-imagining Communities: Discovering New Strategies to Confront Vacant, Abandoned, and Foreclosed PropertiesnAPA Florida 2011Dan Kildee, Co-founder and President Center for Community Progress
  • 2. Community Progress Launched in 2010
    Takes to scale the efforts of the nation’s leading organizations and individuals on issues of revitalization and reuse of vacant, abandoned, and underutilized properties.
    The mission: to create vibrant communities through the reuse of vacant property in America’s cities and towns - to transform the systems that affect how the community development, government, and private development fields repurpose these properties and communities.
    Technical Assistance & Capacity Building, Policy & Research, Coalition Building, and Communications.
  • 3. Center for Community Progress
    • Located in Washington, DC; Flint, Michigan; New Orleans, Louisiana.
    • 4. Currently engaged in over 50 cities across the country, including places in Michigan, Ohio, Pennsylvania, New York, Maryland, New Jersey, Tennessee, Georgia, Minnesota, Louisiana, Indiana, Illinois, Delaware. Initial work in Florida, California, Colorado, Alabama, Arkansas.
    • 5. Strong emphasis on state policy and the role of public leadership to address vacant and abandoned properties as a key to economic recovery.
  • Vacant, abandoned, forgotten properties and land
    • Effective vacant property strategies require a systemic approach – simply taking a transactional approach is not sufficient in most places
    • 6. Focus on the continuum of strategies and tactics – from planning and development – to regulation and enforcement – to acquisition and redevelopment.
    • 7. Investment, not liquidation. All land has value, if you treat land as real estate
  • 8. Title of Slide
    Bullets
  • 9.
  • 10. Chronic vs. acute drivers of abandonment
    Current “acute” housing crisis:
    • Transactional, product driven – and systemic
    • 11. Pervasive across markets
    • 12. Liquidation
    Chronic abandonment:
  • Shrinking Cities – Legacy Cities
    Of the 51 cities over that lost population from 1990-2000, 48 lost again from 2000-2010
    Economic recovery will not restore population in most of these cities
    Design matters. Size doesn’t have to.
    Planning must move beyond growth
  • 17. Comprehensive vacant property strategy
    Requires a change in orientation regarding vacant and abandoned (urban) land
    Old thinking:
    Nuisance, surplus, annoyance, police, regulate, enforce, liquidate
    Emerging thinking:
    Asset, opportunity, investment, real estate
    New reality:
    Vacant land revitalization is essential to economy
  • 18. Comprehensive vacant property strategy
    (contd.)
    Community engagement
    Ongoing commitment to planning
    Tax foreclosure reform
    Land Banking
    Redevelopment tools
    All of these strategies are empowered by willingness to take action to address vacant and abandoned property – and to take title
  • 19. Key elements of regional approach:
    Tax foreclosure reform (1999)
    Genesee County Land Bank (2002)
    Scattered-site Brownfield redevelopment (2003)
    Genesee County, MI (Flint)
  • 20. Tax foreclosure reform
    • Elimination of tax lien sales
    • 21. County-wide collection process
    • 22. Replace privatized system with DTAN/foreclosure
    How it works:
    • County issues short-term bonds for back taxes
    • 23. Tax collector collects principal and penalty
    • 24. Collections generate public “profit”
    • 25. On $50 million in delinquency, $3-5 million in surplus
    • 26. Title and equity to foreclosed property is “public”
  • Land Bank Authorities
    A land bank is a public authority or nonprofit created to efficiently acquire, hold, manage and develop foreclosed property, as well as other vacant and abandoned properties.
  • 27. Genesee Land Bank
    • Takes title to tax-foreclosed properties across county
    • 28. Evaluate property for reuse
    • 29. Sell land as REAL ESTATE based upon policies and local plans - $2.5 million in 2010 sales
    How it works:
    • Foreclosed property diverted from auction to Land Bank
    • 30. Demolition
    • 31. Rehabilitation
    • 32. New construction
    • 33. Greening
    • 34. Long-term “banking”
    • 35. Land assembly
    • 36. Internal subsidy
  • Land Banks Can….
    • Sell or convey property through locally developed policies that reflect the communities’ priorities
    • 37. Sell through negotiated sales
    • 38. Convey property for other than monetary consideration
    • 39. Sell, lease, manage property with terms deemed to be in the interest of the land bank
    • 40. Land bank financing tools for tax foreclosed and other targeted properties
    • 41. Code enforcement and nuisance abatement
  • Brownfield TIF
    • Land Bank properties are Brownfield eligible by law
    • 42. TIF plan is multi-jurisdictional and cross-collateralized
    • 43. Expanded eligible uses includes acquisition costs
    How it works:
    • Brownfield bonds issued for thousands of properties
    • 44. Tax collections are source of repayment
    • 45. Baseline value is zero
    • 46. Plan covers multiple jurisdictions
    • 47. Effect of regional tax redistribution
  • Internalizing externalities
    MSU Land Policy Institute Study
    • 400 tax-foreclosed single family houses diverted from auction - a loss of maybe $1-2 million
    • 48. $3.5 expended for demolition of houses and restoration of remaining lots
    • 49. $112 million in increased value restored to surrounding properties
    http://www.communityprogress.net/economic-impact-in-flint-resources-3.php
  • 50. Mixed-use development
    This is the type so far
  • 51. Transforming problems into assets
  • 52.
  • 53. Homeownership/neighborhood stabilization
  • 54. Catalytic development
  • 55.
  • 56.
  • 57. Center for Community Progress
    421 Garland Street • Suite A • Flint, Michigan • 48503
    P: 877-542-4842 • F: 810-233-7381
    1001 Connecticut Avenue • Suite 1235 • Washington, D.C. • 20036
    P: 877-542-4842 • F: 202-223-2120
    1050 S. Jefferson Davis Parkway • Suite 231 • New Orleans, LA • 70125
    P: 504-236-8333 • F: 504-821-7074
    www.communityprogress.net