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

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

  1. 1. The Landbank’s Role in Driving Redevelopment Chris Recht Associate Counsel Port of Greater Cincinnati Development Authority Vacant Lots: Occupied January 17, 2014
  2. 2. 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
  3. 3. Who We Are
  4. 4. 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.
  5. 5. 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.
  6. 6. Purposes of the HCLRC • Economic development • Blight abatement/nuisance remediation • Neighborhood stabilization/revitalization • Strategic parcel assembly • Historic preservation
  7. 7. 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
  8. 8. Methods of Property Acquisition • Tax foreclosure process – Board of Revisions • Forfeited Land • Deed in Lieu of foreclosure • Donation/Gift • Purchase
  9. 9. 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
  10. 10. 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
  11. 11. Developed Focus Neighborhood Strategy
  12. 12. 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
  13. 13. Focus Neighborhood Strategy Short-Term Walnut Hills Evanston Madisonville Avondale Norwood St. Bernard Fairfax
  14. 14. Focus Neighborhood Strategy Long-Term Price Hill Northside South Cumminsville College Hill North College Hill Mount Healthy Colerain Township
  15. 15. 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 •
  16. 16. 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
  17. 17. 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)
  18. 18. 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
  19. 19. 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison
  20. 20. 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison 2). Remediate Blight
  21. 21. 2012 Evanston Housing/Redevelopment Strategy 1). Target Woodburn Avenue Corridor, from Dana to Madison 2). Remediate Blight 3). Target Anchor School Buildings
  22. 22. 2012 Evanston Housing/Redevelopment Strategy 3). Target Anchor School Buildings 4). Rehabilitate Key Corners
  23. 23. 2012 Evanston Housing/Redevelopment Strategy 3). Target Anchor School Buildings 4). Rehabilitate Key Corners 5). Stabilize Single Family Housing and Intact Blocks
  24. 24. 2012 Evanston Housing/Redevelopment Strategy 6). Focus on Community Safety 7). Create Safe Routes to School 8). Use Partnerships to Leverage Existing Investments
  25. 25. 2012 Evanston Housing/Redevelopment Strategy 1). Demolition • Identify candidates for demolition • Develop reuse/redevelopment strategies for vacant lots
  26. 26. 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
  27. 27. 2012 Evanston Housing/Redevelopment Strategy 3). Private Public Partnerships • St Leger – Model Group • Homebuilders Association • Control properties of Walnut Hills High School
  28. 28. 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
  29. 29. 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)
  30. 30. Building Value: Stabilization Before and After: 1572 Dixmont, Evanston
  31. 31. Lot-to-Yard 911 Yale Street, Walnut Hills
  32. 32. Lot-to-Yard Ruth Property, Evanston
  33. 33. Moving Ohio Forward 936-940 McPherson East Price Hill to BLOC Ministries
  34. 34. Landscaping Installation Opportunities • 2040 Vine, Mt Auburn
  35. 35. Multi-Family Demo: St. Leger
  36. 36. Multi-Family Demo: St. Leger
  37. 37. 4528 Hamilton Ave., Northside • Before and after
  38. 38. Key Partners
  39. 39. Questions and Discussion
  40. 40. Christopher Recht Associate Counsel Port of Greater Cincinnati Development Authority crecht@cincinnatiport.org www.cincinnatiport.org 513.621.3000 info@hamiltoncountylandbank.org

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