Tag: neighborhood stabilization
Middle neighborhoods are places where home prices are generally affordable to the average household. But, these neighborhoods are often on the edge between growth and decline.
Demolition can generate emotional reactions, especially in places with a history of urban renewal. But critics of demolishing any vacant homes are ignoring the evidence.
As some cities begin to admit they are shrinking, CDCs in high-abandonment neighborhoods are rethinking their traditional roles, and even their missions.
A Bronx-based building known as the birthplace of hip-hop has been the subject of a high-profile tug of war between gambling real-estate investors and an eclectic yet powerful group of tenants, housing advocates, city agencies, local politicians, and hip-hop artists. The building’s well-publicized plight has helped shine a light on the threat predatory equity poses to affordable multifamily housing.
Urban Essex County, New Jersey, one of the hardest hit areas in the state by the ongoing foreclosure crisis, could be the laboratory for an ostensible reinvention of community development, as a local CDC there announced today the successful acquisition of 47 mortgages on troubled properties with an eye toward stabilizing neighborhoods in some of the oldest suburban communities in New Jersey.