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City of Detroit Integrated Citywide Map (Market Value Analysis + Residential Physical Condition Analysis)
Strategies for Low Value Properties City of Detroit Federal Reserve - - PowerPoint PPT Presentation
Strategies for Low Value Properties City of Detroit Federal Reserve - - PowerPoint PPT Presentation
Strategies for Low Value Properties City of Detroit Federal Reserve Board of Governors February 26, 2013 City of Detroit Integrated Citywide Map (Market Value Analysis + Residential Physical Condition Analysis) White Picket Fence Program
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White Picket Fence Program
- letters sent to adjacent property owners with application already completed
- property owner just signs application & submits $200
- City mails back deed
- financial institution provides funding to non-profit for gift cards
- non-profit administers $200 gift card from local lumber store for fencing materials
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“Detroit sells city-owned vacant lots to neighbors, cleaning up neighborhoods”
Detroit Free Press December 14, 2012
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Blight Removal
- Since 2010 to date removed over 6,700 abandoned structures
- Goal is to reach 10,000 by end of 2013
- Dangerous buildings inventory is 38,779
- Launched public/private partnership with The Blight Authority, a Michigan
non-profit corporation created by Pulte family
- “Reverse engineering” model operates at a high efficiency and low cost
- 10 block area pilot project on east side of Detroit
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1 (2224) Old Park 2 (3465) Burnt Church 3 (3465) 4 (3435) 5 (3421) 6 (2224) E E E E 7 (2145) 8 (2133) E E E 9 (2160) E 11 (2285) 10 (2281) E E LOT CLEARING LOT CLEARING LOT CLEARING LOT CLEARING LOT CLEARING LOT CLEARING 2280 2157 2174 2266 2241 2229 2126
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Before & After
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Detroit Works Project Short-Term Actions Demonstration Areas
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Median 09-10 Median 11-12 Sales 09 - 10 Sales 11- 12 Percent Non-REO 09-10 Percent Non-REO 11-12 Demo #1 (east Liv)) $50,000 $57,525 365 244 80% 77% Demo #1 (west Liv)) $18,159 $18,077 545 528 74% 79% Demo #2 (mid area)) $13,250 $15,000 348 384 74% 80% Demo #3 (southwest) $12,500 $11,000 467 533 80% 84% Downtown $82,000 $82,000 352 362 88% 92% Rest of Detroit $10,000 $10,000 17362 13891 76% 77% Total $10,500 $10, 618 19439 15942 76% 78%
Non-REO Sales by Area of Focus
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23% 1 6% 1 8% SRONMKIGEDCA
DECISION MAKING
FRAM EW O RK
F R A ME
W O R KZONEM
A P Housing V acancy V A C A N T P A R C E L S L A N D A R E A LAND A R E A P O P U L A T I O N
20% 43% 7%
4 , 9 0 5 A C R E S GREATER D O W N T O W N
15% 6% 10%
6 , 9 9 1 A C R E S
18% 8% 24%
17 , 5 7 9 A C R E S LO W VACAN CY SRECA
13,311 ACRES
M O D ERAT E
28% 27% 21%
15,114 A C R E S VAC AN C Y
30% 58% 21%
15 , 2 7 1 A C R E S HIGH VAC AN C Y
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