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According to the National Land Bank Networks 2023 State of Land Banking Survey, vacant lots account for 86 percent of all land bank properties and half of all survey respondents listed vacant land stewardship as one of their top priorities. the group called out community, stewardship, legacy, values, collaboration.
State and localgovernments are exploring ways to take a more direct role in financing, preserving, and developing housing to address the nation’s housing shortage with an array of public development models, according to a new policy brief by the NYU Furman Center and its Housing Solutions Lab.
Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. We spoke with Taylor Bennett , Executive Director of the West Virginia Land Stewardship Corporation (WVLSC).
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
81 percent of land banks consider supporting the creation of affordable housing a top priority. Increasingly, land banks have been called on to respond to growing housing affordability needs. As was reported in 2021, residents and local institutions are still the most frequent recipients of land bank properties.
It’s a pervasive word in community revitalization, urban planning, and housing policy. In fact, having a few vacant properties is a necessary and normal part of a healthy housing ecosystem. Strategies like land banks , strategic code enforcement , delinquent property tax enforcement , vacant land stewardship , and creative placemaking.)
Example: Old North Rain Garden Vacant Land and Economic Systems Vacant land stewardship interacts with economic systems in the community, providing spaces for income generation, like urban farms; economic exchange, like farmers’ markets; and for new construction, like homes and businesses. appeared first on Center for Community Progress.
How Vacant and Abandoned Buildings Harm Public Health Physical health : Individuals living in substandard housing can be exposed to dangerous toxins such as mold, lead, and asbestos, increasing the risk for asthma, cardiovascular disease, increased aggression, learning disabilities, sexually transmitted diseases, and poor health outcomes.
You’ve probably seen an abandoned house or two in your neighborhood. These empty structures and lots remain for years, deteriorating in condition, weakening the housing market, driving residents out of the neighborhood, and fueling more vacancy. But some places have many vacant and abandoned properties.
A localgovernment might clean up a dumping site only to get a call a few weeks later about more trash and debris in the same place. Check out our vacant land projects database for examples of vacant land stewardship and reuse. No one wants to look at a dump site when they leave the house.
The CFE Fund is a 501(c)3 nonprofit organization; our programmatic, research and policy efforts focus on designing, embedding and replicating financial empowerment initiatives within the fabric of localgovernment. CRA Partners is a turnkey CRA compliance program powered by the Senior Housing Crime Prevention Foundation.
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