History of Vacancy and disinvestment Neighborhoods are constantly changing in American cities. After World War II, older cities lost much of their population and economic activity to the emerging suburbs. Many once-stable urban neighborhoods collapsed as their middle class left, leaving lower-income people with diminishing employment opportunities, dilapidated housing, poor public services, and rampant…

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Systemic, or entrenched, property vacancy is the result of a deep imbalance between property supply and demand. Until this real estate market imbalance is addressed, systemic vacancy will continue. It is imperative that community leaders understand how real estate markets function in order to implement effective strategies.   Why housing markets are so critical A…

A community with property vacancy levels that outstrip their available resources to fully remediate all their issues must develop a strategy to equitably, effectively and efficiently address vacant properties. A community’s vacant property strategy should 1) deploy tactics to address current vacant properties, while 2) equitably rebuilding and revitalizing neighborhood markets.

Figuring out the most appropriate reuse for the vacant structures or land is a central task for anyone working to plan, redevelop or rebuild cities and neighborhoods. In strong-market, fast-growing communities, nearly all uses other than public facilities are driven by developers; the municipality’s role is regulatory, guided by its land use ordinances and constrained…

When property owners refuse to fix up their property, governments may need to step in to demolish a property to protect the health, safety, and welfare of its citizens. Over the past few decades, cities faced with widespread vacancy have spent hundreds of millions of dollars demolishing properties. Despite this investment, many cities still saw…

Once a community has a sense of where their vacant and deteriorated properties are located and who owns them, they should deploy strategies to compel private property owners to fix up their properties. Where an owner is unwilling or unable to come into compliance, a local government can step in to repair or demolish the…

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How can we lead market change? Leading neighborhood change is not a linear process, but a series of closely interrelated steps and activities: Why is it important to think about neighborhoods dynamically? The framework for strategic change, shown graphically in Figure 2, is a dynamic way of thinking about housing markets that helps to build…

Promoting Equitable Revitalization: Change in the real estate market will inevitably change the affordability of housing in the neighborhood. As demand grows, prices rise to reflect the additional value associated with buying or renting a home in the neighborhood. Equitable revitalization calls for both preserving and creating affordable housing, as well as taking steps to minimize untimely…