Other Sources

Global Insight. The Mortgage Crisis: Economic and Fiscal Implications for Metro Areas. Prepared for The United States Conference of Mayors and the Council for the New American City. November 2007 (72kb PDF)

This report describes the profound economic implications of the recent mortgage credit foreclosure crisis. Estimates show that the U.S. GDP will be $166 billion lower as a result, with 524,000 fewer jobs created across the country in 2008, a $1.2 trillion decline in property values, and enormous downward pressure imposed on state and local government revenue sources. The report illustrates the magnitude of these impacts for selected states.

Urban Information Associates, Inc. Economic Impact of Project SCOPE Prepared for Baltimore Efficiency and Economy Foundation, Inc. June 2006 (648kb PDF)

Kelly, Jr., James J. Refreshing the Heart of the City: Vacant Building Receivership As a Tool for Neighborhood Revitalization and Community Empowerment. Journal of Affordable Housing. Volume 13, Number 2. Winter 2004 (160kb PDF)

Farris, Terrence J. The Barriers to Using Urban Infill Development to Achieve Smart Growth. Housing Policy Debate. Volume 12, Issue 1. 2001
The smart growth movement of the 1990s has seen many development and planning associations, state and local governments, and the Clinton administration encourage significant infill development to control sprawl and promote revitalization. A review of 22 major central cities shows that they captured only 5.2 percent of total new metropolitan housing permits over the decade: 2.2 percent of single-family permits and 14.9 percent of multifamily permits. This analysis identifies the practical barriers to urban infill development, including land assembly and infrastructure costs, unwillingness to condemn, municipal social goals and regulatory policies, difficulty of finding developer, complexities of public-private partnerships, excessive risks, resistance from local residents, and stakeholder conflicts and political constraints. While supporting infill, smart growth advocates should focus primarily on encouraging higher-density, quality suburban and outlying growth.

Cohen, James. “Abandoned Housing: Exploring Lessons from Baltimore.” Housing Policy Debate. Volume 12, Issue 3. 2001
Population loss and economic decline have produced thousands of abandoned homes in major U.S. cities. This article provides an overview of the national scope of abandoned housing and profiles Baltimore's strategy for addressing the problem. Cohen identifies several major challenges for Baltimore: the need for good planning and a comprehensive approach to neighborhood revitalization; preventing more housing from being abandoned; acquiring and demolishing abandoned units; and rehabilitating and marketing units that can be saved. Baltimore's older housing stock consists largely of row houses that are too small for today's housing market, necessitating demolition or expansion. While deemed necessary for market reasons, demolition is opposed in some cases for reasons of historic preservation. Revitalization is further complicated by difficulties in tracking ownership of abandoned housing as well as inadequate city resources to process takings and demolish properties. As solutions, the author points to the need for comprehensive neighborhood-based planning and for streamlining the property acquisition process.

Keating, Larry & David Sjoquist. “Bottom Fishing: Emergent Policy Regarding Tax Delinquent Properties.” Housing Facts and Figures. Volume 3, Issue 1
The term "bottom fishing" refers to an investment strategy of looking for stock "shares whose prices have dropped so low that they represent excellent value, even if the prospects for the company are not great in the short term" (from finance-glossary.com). Tax delinquent properties in urban neighborhoods—often abandoned and derelict—are the real estate equivalent of such stocks. Developing effective policies and processes to return tax delinquent properties to productive use poses a significant short-term challenge, but successfully meeting that challenge can be an investment coup for city officials and community leaders.

Smart Codes in your Community: A Guide to Building Rehabilitation Codes. Published by the U.S. Department of Housing and Urban Development, Office of Policy Development and Research. August 2001
This report provides a broad overview of the general regulatory environment governing the use and reuse of existing buildings. It also provides examples of state and local efforts to reduce regulatory complexity and suggests possible strategies to help spur reinvestment in the existing building infrastructure.

Temple University Center for Public Policy & Eastern Pennsylvania Organizing Project. (2001) Blight Free Philadelphia: A Public-Private Strategy to Create and Enhance Neighborhood Value. Available online: http://www.temple.edu/cpp/cpp_reports.htm

Goetz, Edward G.; Cooper, Kristin; Thiele, Bret; & Lam, Hin Kin. (1998) “Pay Now or Pay More Later: St. Paul’s Experience in Rehabilitating Vacant Housing.” CURA Reporter April 1998: 12-15. Available online: www.cura.umn.edu/reporter/98-Apr/article3.pdf

Greenberg, Michael R., Popper, Frank J., & West, Bernadette M. (1990) “The TOADS: A New American Urban Epidemic” Urban Affairs Quarterly 25(3): 435-453.

Spelman, William (1993) “Abandoned Buildings: Magnets for Crime?” Journal of Criminal Justice 21(5): 481-495.

Colvin, Ashley; Fergusson, Ian; & Phillips, Heather. (2000) “Renewing the Urban Landscape: The Dilemma of Vacant Housing” Center for Public Policy Research – The Thomas Jefferson Program in Public Policy at the College of William Mary for The International City County Management Association.

Jakle, John & Wilson, David. (1992) Derelict Landscapes. Savage, Maryland: Rowman and Littlefield.

Burchell, Robert W. & Listokin, David. (1981) The Adaptive Reuse Handbook: Procedures to Inventory, Control, Manage, and Reemploy Surplus Municipal Properties. Piscataway, NJ: The Center for Urban Policy Research, Rutgers University.

Grow Smart Rhode Island. (1999) The Costs of Suburban Sprawl and Urban Decay in Rhode Island – Executive Summary. Prepared by H.C. Planning Consultants, Inc. & Planimetrics, LLP. Available online: http://www.growsmartri.com/reports.html