Trying different strategies to achieve a goal of fewer abandoned and run down properties
Neighborhoods where the new strategies have been applied have seen home prices rise 31% over four years, compared with a 1% rise in comparable areas, according to a study by Ira Goldstein of the Reinvestment Fund. The initiatives increased home values by $74 million throughout Philadelphia, Goldstein said, and brought in $2.2 million more in transfer tax receipts.
Philadelphia had been spending millions of dollars a year to tear down vacant properties, and it didn’t seem to be making much headway, said Rebecca Swanson, who directs the city’s vacant building strategy. So in 2011, city officials decided to try a strategy they hoped would prevent properties from becoming run down in the first place.
The city utilized software used by the IRS to track down owners of the vacant buildings. Then the city took the owners to a newly created Blight Court. The door and window ordinance also allows the…
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