|
Scattered Site Rental Toolkit: |
|||||||
|
Business Planning for Development &
Management |
|||||||
III.E. Table of Neighborhood
Types, Characteristics and the Role of SSR Development
|
Type of Neighborhood |
Characteristics |
Potential
Role for SSR Development |
|
Healthy |
·
Market
largely sustains occupancy and real estate transactions. ·
Homes
are generally well maintained. ·
Above
average share of the housing stock is owner occupied. ·
Market
forces generally resolve vacancy and abandonment issues. ·
These
neighborhoods will be the first to rebound when the economy improves. |
·
SSR
development generally only makes sense in this type of neighborhood where the
goal is to provide housing in low-crime, racially and economically integrated
neighborhoods to low and moderate income people. ·
Rental
development on any scale can be a disincentive to investment in this type of
a neighborhood and lead to neighborhood decline as people move out and
property values fall. |
|
Tipping Point |
·
Some
evidence of marked decline, though still vital. ·
Often
a significant number of houses for sale and/or rent and a number of
vacancies. ·
Occupancy
is often a mix of owners and renters and the majority of units are occupied. ·
Vacancies
are increasing and home values are falling. ·
Less
than 20 percent of the properties are blighted. ·
People
generally still maintain their properties, though the number of properties
not maintained is growing. |
·
SSR
development for the purpose of integration could be a viable model for this
type of neighborhood, though likely opposition to integration would, of
necessity, be a consideration. ·
SSR
development as a strategy for community revitalization may be effective for
this type of neighborhood, when combined with other activities, such as
demolition and acquisition/rehabilitation/resale. By strategically purchasing
blighted properties and rehabilitating them or demolishing them and
rebuilding, the blighting influences of the neighborhood can be removed and
hopefully the market and reinvestment can and will, occur. |
|
Revitalization |
·
Neighborhoods
have seen great decline over years or decades. ·
Vacant,
boarded up houses are noticeable and there is a mix of occupied and
unoccupied units. ·
Often
occupancy is primarily renters. ·
Many
properties are not well maintained and 20 to 70 percent are blighted. ·
These
neighborhoods are generally unable to become vital in the marketplace again
without substantial outside assistance. |
·
Often
the assistance will include concentrated work in a small targeted area and
radiating from there into the surrounding neighborhoods. ·
This
work will usually involve multiple activities including rehabilitation,
infill development, streetscaping, infrastructure improvements and demolition. ·
SSR
development, if done as a stand-alone strategy, is not very likely to be
successful in this type of neighborhood. ·
If
planned as part of a concentrated and targeted strategy for revitalization,
SSR can be a very useful and successful tool. |
|
Redevelopment |
·
These
areas have seen the most decline. ·
Lost
industries and decades of disinvestment have almost made these communities
into ghost towns. ·
Abandoned,
blighted houses are everywhere, with over 70 percent of the properties
blighted. ·
A minority
of houses are occupied, usually by renters or illegal occupants. ·
Maintaining
basic utilities and city services places a burden on the City. |
·
In
one type of strategy, whole blocks or neighborhoods are razed and the
property turned into vacant land, or green space. ·
In another strategy, much, or all of a
neighborhood will be demolished and the neighborhood will be redeveloped. ·
SSR
development will generally not be a workable approach for this type of
neighborhood, though new construction of mixed-use and mixed income
development with rental units included in the mix may be a viable strategy. |
Next:
Business Planning Worksheets: Neighborhood