Chatham Square Neighborhood Association Presentation to Realtors

Chatham Square Neighborhood Association

Presentation

to

Realtors

Chatham Square New Haven Chatham Square Downtown

Chatham Square North-East corner of Fair Haven Quinnipiac River

3,500 people 1,100 households 42% Hispanic Median Income $33k Solid housing stock, mostly 2 and 3 family structures Homeownership rate 45% in north, 28% in south and west (citywide rate of 31%)‏ Chatham Square Relevant Market Findings / Community Descriptors* *Source: Holt, Wexler, Farnam Urban Neighborhood Strategy Presentation Sept. 2005

3,500 people

1,100 households

42% Hispanic

Median Income $33k

Solid housing stock, mostly 2 and 3 family structures

Homeownership rate 45% in north, 28% in south and west (citywide rate of 31%)‏

Why Chatham Square Residents want to help close sales Nearby waterfront Logical extention of stronger waterfront market Reinforce waterfront homeownership market Historic houses Two nearby commercial corridors Proximity to anchoring institutions and sources of employment: Mary Wade Home for the Elderly; Clinton Avenue School; manufacturing Community gardens and greenspaces Nearby primary schools: 6 public, 3 private, 1 national recognized charter

Residents want to help close sales

Nearby waterfront

Logical extention of stronger waterfront market

Reinforce waterfront homeownership market

Historic houses

Two nearby commercial corridors

Proximity to anchoring institutions and sources of employment: Mary Wade Home for the Elderly; Clinton Avenue School; manufacturing

Community gardens and greenspaces

Nearby primary schools: 6 public, 3 private, 1 national recognized charter

Chatham Square Healthy Neighborhood Approach * “ Healthy neighborhood”: place where it makes economic sense to invest time, money, and energy, as well as where neighbors successfully manage issues Focus on participation in real estate market, rather than protecting residents and prospective residents from it Strategies are about cultivating demand for homes and rental units, not producing supply. A key value is to create a place that is attractive and affordable to a variety of income groups. Residential real estate market is valued as a key barometer of neighborhood health. Home value represents the capitalization of all neighborhood assets; therefore strategies focus on this area. Intensive, meaningful, ongoing discussion and relationship-building with and among residents is valued Resident-defined outcomes are combined with realtor insights (strategies and tools)‏ Focus on achieving resident desired outcomes *Source: Fall Creek Consulting

“ Healthy neighborhood”: place where it makes economic sense to invest time, money, and energy, as well as where neighbors successfully manage issues

Focus on participation in real estate market, rather than protecting residents and prospective residents from it

Strategies are about cultivating demand for homes and rental units, not producing supply. A key value is to create a place that is attractive and affordable to a variety of income groups.

Residential real estate market is valued as a key barometer of neighborhood health. Home value represents the capitalization of all neighborhood assets; therefore strategies focus on this area.

Intensive, meaningful, ongoing discussion and relationship-building with and among residents is valued

Resident-defined outcomes are combined with realtor insights (strategies and tools)‏

Focus on achieving resident desired outcomes

Chatham Square What Does Not Work: Community Analysis Drug sales, public drinking, and related crimes, especially in and around the park Street litter, especially on the Clinton Avenue side of the park Houses in need of repair Traffic flow and noise Homeownership: lower than city average south and west of park Public infrastructure (sidewalks, park, public lighting) needs work

Drug sales, public drinking, and related crimes, especially in and around the park

Street litter, especially on the Clinton Avenue side of the park

Houses in need of repair

Traffic flow and noise

Homeownership: lower than city average south and west of park

Public infrastructure (sidewalks, park, public lighting) needs work

Chatham Square What Works: Community Analysis Committed residents Parks, gardens, and other public green spaces Diverse community (cultural, economic, ethnic, racial)‏ Home-Buyer Incentives programs: Mary Wade Home, Foundation, Yale Historic houses 2 & 3 family houses Three local grocery stores, two commercial corridors Proximity to bus routes, highway, waterfront, parks Rehab of Quinnipiac Terrace & addition of 8 owner-occupied housing units Ten primary schools: 6 public, 3 private, 1 award-winning charter

Committed residents

Parks, gardens, and other public green spaces

Diverse community (cultural, economic, ethnic, racial)‏

Home-Buyer Incentives programs: Mary Wade Home, Foundation, Yale

Historic houses

2 & 3 family houses

Three local grocery stores, two commercial corridors

Proximity to bus routes, highway, waterfront, parks

Rehab of Quinnipiac Terrace & addition of 8 owner-occupied housing units

Ten primary schools: 6 public, 3 private, 1 award-winning charter

Chatham Square Neighborhood Association P lan* *Approved :January,2007