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The Landbank's Role in Driving Redevelopment, UC DAAP by Chris Recht
 

The Landbank's Role in Driving Redevelopment, UC DAAP by Chris Recht

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The Landbank's Role in Driving Redevelopment presented at Vacant Lots: Occupied - University of Cincinnati DAAP by Chris Recht - Jan. 2014

The Landbank's Role in Driving Redevelopment presented at Vacant Lots: Occupied - University of Cincinnati DAAP by Chris Recht - Jan. 2014

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    The Landbank's Role in Driving Redevelopment, UC DAAP by Chris Recht The Landbank's Role in Driving Redevelopment, UC DAAP by Chris Recht Presentation Transcript

    • The Landbank’s Role in Driving Redevelopment Chris Recht Associate Counsel Port of Greater Cincinnati Development Authority Vacant Lots: Occupied January 17, 2014
    • Who We Are • Quasi-governmental organization / official political subdivision • Port authorities were created to conduct maritime, airport, and economic development activities • Cooperative, cross-jurisdictional powers • Facilitate:  Land assembly and redevelopment  Unique economic development financing products  Aggregation / coordination of project capital
    • Who We Are
    • Who We Are • Incorporated by the County Treasurer October 2011 • HCLRC Board appointed January 2012 • HCLRC Board executed management contract with Port Authority • HCLRC remains an independent entity • Funding: 5% DTAC approx. 2.9mil/yr.
    • Mission Return vacant properties to productive use through the tools statutorily provided to the HCLRC and by leveraging the resources of the HCLRC’s executive arm, the Port Authority.
    • Purposes of the HCLRC • Economic development • Blight abatement/nuisance remediation • Neighborhood stabilization/revitalization • Strategic parcel assembly • Historic preservation
    • HCLRC Tools That Remove Obstacles to Redevelopment • Clean, Marketable Title • Hold Property Tax-free • Code Enforcement and Nuisance Abatement • Liability Shield • Dedicated Funding Stream • Non-profit entity
    • Methods of Property Acquisition • Tax foreclosure process – Board of Revisions • Forfeited Land • Deed in Lieu of foreclosure • Donation/Gift • Purchase
    • Disposition Priorities: Key Considerations • Potential for positive impact on the surrounding community • Landbank resources required to ensure success • Capacity of the lead organization • Financial viability of the project • Neighborhood support for the project
    • HCLRC Programs • • • • • • • Moving Ohio Forward Demolition Grant Program Neighborhood Initiative Program Lot-to-Yard Gardens and Green Historic Structure Stabilization Grant Program HCLRC Rehabilitation Partnership Program Qualified End-User/Purchaser Applications available at www.hamiltoncountylandbank.org
    • Developed Focus Neighborhood Strategy
    • Focus Neighborhood Strategy • Factors considered in selecting focus communities: • • • • • # of foreclosures # of code violations/condemnations Level of public and private investment Educational and historic resources Community engagement • Capacity of a lead community-based organization
    • Focus Neighborhood Strategy Short-Term Walnut Hills Evanston Madisonville Avondale Norwood St. Bernard Fairfax
    • Focus Neighborhood Strategy Long-Term Price Hill Northside South Cumminsville College Hill North College Hill Mount Healthy Colerain Township
    • Focus Neighborhood Strategy Purpose: To develop and execute housing and revitalization strategies in targeted areas • Engage with CDC/CIC as eyes/ears on the ground • Identify small, defined priority area for residential and commercial redevelopment • Use a phased approach to revitalization • Work with lenders to develop loan products that work across markets •
    • Evanston Neighborhood Facts • Over 300 foreclosures since 2006 • Over 200 vacant and abandoned buildings • Population of approximately 9,000 • Proximity to downtown core • Solid housing stock • Strong adjacent housing markets • Strong community council
    • Evanston • • • Strong Education Anchors – Xavier University , Academy of World Languages, Evanston Academy – Walnut Hills High School Public and Private Investment – Infrastructure – Dana Avenue Streetscape – Montgomery Road Streetscape – Facade Improvement Program Other Anchors – Renovated Recreation Center and Pool – American Red Cross – Keystone Parke – Woodburn Pointe – Rehabilitated single family homes (Model) – St Leger Place (Model)
    • Evanston Partners in executing Housing/Redevelopment Strategy • Evanston Community Council • Walnut Hills Redevelopment Foundation • Xavier University/Community Building Institute • City of Cincinnati • LISC(Local Initiatives Support Coalition) • Model Group • Port Authority/Land Bank
    • 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison
    • 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison 2). Remediate Blight
    • 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison 2). Remediate Blight 3). Target Anchor School Buildings
    • 2012 Evanston Housing/Redevelopment Strategy 3). Target Anchor School Buildings 4). Rehabilitate Key Corners
    • 2012 Evanston Housing/Redevelopment Strategy 3). Target Anchor School Buildings 4). Rehabilitate Key Corners 5). Stabilize Single Family Housing and Intact Blocks
    • 2012 Evanston Housing/Redevelopment Strategy 6). Focus on Community Safety 7). Create Safe Routes to School 8). Use Partnerships to Leverage Existing Investments
    • 2012 Evanston Housing/Redevelopment Strategy 1). Demolition • Identify candidates for demolition • Develop reuse/redevelopment strategies for vacant lots
    • 2012 Evanston Housing/Redevelopment Strategy 1). Demolition • Identify candidates for demolition • Develop reuse/redevelopment strategies for vacant lots 2). Property Acquisition  Tax foreclosure • i. Tax delinquency • ii. Foreclose demolition/stabilization liens • Iii. Forfeited lands
    • 2012 Evanston Housing/Redevelopment Strategy 3). Private Public Partnerships • St Leger – Model Group • Homebuilders Association • Control properties of Walnut Hills High School
    • 2012 Evanston Housing/Redevelopment Strategy 3). Private Public Partnerships • St Leger – Model Group • Homebuilders Association • Control properties of Walnut Hills High School 4). Dedicated Funding Source for Programming
    • 2012 Evanston Housing/Redevelopment Strategy 3). Private Public Partnerships • St Leger – Model Group • Homebuilders Association • Control properties of Walnut Hills High School 4). Dedicated Funding Source for Programming 5). Carry Strategy  Hold properties tax free  With liability shield  Economies of scale (maintenance/insurance)
    • Building Value: Stabilization Before and After: 1572 Dixmont, Evanston
    • Lot-to-Yard 911 Yale Street, Walnut Hills
    • Lot-to-Yard Ruth Property, Evanston
    • Moving Ohio Forward 936-940 McPherson East Price Hill to BLOC Ministries
    • Landscaping Installation Opportunities • 2040 Vine, Mt Auburn
    • Multi-Family Demo: St. Leger
    • Multi-Family Demo: St. Leger
    • 4528 Hamilton Ave., Northside • Before and after
    • Key Partners
    • Questions and Discussion
    • Christopher Recht Associate Counsel Port of Greater Cincinnati Development Authority crecht@cincinnatiport.org www.cincinnatiport.org 513.621.3000 info@hamiltoncountylandbank.org