the landbank's role in driving redevelopment, uc daap by chris recht

Vacant Lots: Occupied January 17, 2014

Chris RechtAssociate Counsel

Port of Greater Cincinnati Development Authority

The Landbank’s Role in Driving Redevelopment

• Quasi-governmental organization / official political subdivision

• Port authorities were created to conduct maritime, airport, and economic development activities

• Cooperative, cross-jurisdictional powers

• Facilitate: Land assembly and redevelopment Unique economic development financing products Aggregation / coordination of project capital

Who We Are

Who We Are

• Incorporated by the County Treasurer October 2011

• HCLRC Board appointed January 2012

• HCLRC Board executed management contract with Port Authority

• HCLRC remains an independent entity

• Funding: 5% DTAC approx. 2.9mil/yr.

Who We Are

Return vacant properties to productive use through the tools statutorily provided to the HCLRC

and by leveraging the resources of the HCLRC’sexecutive arm, the Port Authority.

Mission

• Economic development

• Blight abatement/nuisance remediation

• Neighborhood stabilization/revitalization

• Strategic parcel assembly

• Historic preservation

Purposes of the HCLRC

• Clean, Marketable Title

• Hold Property Tax-free

• Code Enforcement and Nuisance Abatement

• Liability Shield

• Dedicated Funding Stream

• Non-profit entity

HCLRC Tools That Remove Obstacles to Redevelopment

• Tax foreclosure process– Board of Revisions

• Forfeited Land

• Deed in Lieu of foreclosure

• Donation/Gift

• Purchase

Methods of Property Acquisition

• Potential for positive impact on the surrounding community

• Landbank resources required to ensure success

• Capacity of the lead organization

• Financial viability of the project

• Neighborhood support for the project

Disposition Priorities: Key Considerations

• Moving Ohio Forward Demolition Grant Program• Neighborhood Initiative Program• Lot-to-Yard• Gardens and Green• Historic Structure Stabilization Grant Program• HCLRC Rehabilitation Partnership Program• Qualified End-User/Purchaser

Applications available at www.hamiltoncountylandbank.org

HCLRC Programs

Developed Focus Neighborhood Strategy

• Factors considered in selecting focus communities: • # of foreclosures• # of code violations/condemnations• Level of public and private investment• Educational and historic resources• Community engagement

• Capacity of a lead community-based organization

Focus Neighborhood Strategy

Walnut HillsEvanstonMadisonvilleAvondaleNorwoodSt. BernardFairfax

Short-Term

Focus Neighborhood Strategy

Price HillNorthsideSouth CumminsvilleCollege HillNorth College HillMount HealthyColerain Township

Long-Term

Focus Neighborhood Strategy

Purpose: To develop and execute housing and revitalization strategies in targeted areas

• Engage with CDC/CIC as eyes/ears on the ground• Identify small, defined priority area for residential and commercial

redevelopment • Use a phased approach to revitalization• Work with lenders to develop loan products that work across markets•

Focus Neighborhood Strategy

Neighborhood Facts• Over 300 foreclosures since 2006• Over 200 vacant and abandoned buildings• Population of approximately 9,000• Proximity to downtown core• Solid housing stock• Strong adjacent housing markets• Strong community council

Evanston

• Strong Education Anchors– Xavier University , Academy of World Languages, Evanston Academy– Walnut Hills High School

• Public and Private Investment– Infrastructure– Dana Avenue Streetscape– Montgomery Road Streetscape– Facade Improvement Program

• Other Anchors– Renovated Recreation Center and Pool– American Red Cross– Keystone Parke– Woodburn Pointe– Rehabilitated single family homes (Model)– St Leger Place (Model)

Evanston

Partners in executing Housing/Redevelopment Strategy• Evanston Community Council• Walnut Hills Redevelopment Foundation• Xavier University/Community Building Institute• City of Cincinnati• LISC(Local Initiatives Support Coalition)• Model Group• Port Authority/Land Bank

Evanston

1). Target Woodburn Avenue Corridor, from Dana to Madison

2012 Evanston Housing/Redevelopment Strategy

1). Target Woodburn Avenue Corridor, from Dana to Madison2). Remediate Blight

2012 Evanston Housing/Redevelopment Strategy

1). Target Woodburn Avenue Corridor, from Dana to Madison2). Remediate Blight 3). Target Anchor School Buildings

2012 Evanston Housing/Redevelopment Strategy

3). Target Anchor School Buildings 4). Rehabilitate Key Corners

2012 Evanston Housing/Redevelopment Strategy

3). Target Anchor School Buildings 4). Rehabilitate Key Corners 5). Stabilize Single Family Housing and Intact Blocks

2012 Evanston Housing/Redevelopment Strategy

6). Focus on Community Safety7). Create Safe Routes to School 8). Use Partnerships to Leverage Existing Investments

2012 Evanston Housing/Redevelopment Strategy

1). Demolition• Identify candidates for demolition• Develop reuse/redevelopment strategies for vacant lots

2012 Evanston Housing/Redevelopment Strategy

1). Demolition• Identify candidates for demolition• Develop reuse/redevelopment strategies for vacant lots

2). Property Acquisition Tax foreclosure

• i. Tax delinquency• ii. Foreclose demolition/stabilization liens • Iii. Forfeited lands

2012 Evanston Housing/Redevelopment Strategy

3). Private Public Partnerships• St Leger – Model Group• Homebuilders Association• Control properties of Walnut Hills High School

2012 Evanston Housing/Redevelopment Strategy

3). Private Public Partnerships• St Leger – Model Group• Homebuilders Association• Control properties of Walnut Hills High School

4). Dedicated Funding Source for Programming

2012 Evanston Housing/Redevelopment Strategy

3). Private Public Partnerships• St Leger – Model Group• Homebuilders Association• Control properties of Walnut Hills High School

4). Dedicated Funding Source for Programming 5). Carry Strategy

Hold properties tax free With liability shield Economies of scale (maintenance/insurance)

2012 Evanston Housing/Redevelopment Strategy

Building Value: Stabilization

Before and After: 1572 Dixmont, Evanston

911 Yale Street, Walnut Hills

Lot-to-Yard

Ruth Property, Evanston

Lot-to-Yard

Moving Ohio Forward

936-940 McPhersonEast Price Hill to BLOC Ministries

• 2040 Vine, Mt Auburn

Landscaping Installation Opportunities

Multi-Family Demo: St. Leger

Multi-Family Demo: St. Leger

•

4528 Hamilton Ave., Northside

Before and after

Key Partners

Questions and Discussion

Christopher RechtAssociate Counsel

Port of Greater Cincinnati Development Authoritycrecht@cincinnatiport.org

www.cincinnatiport.org513.621.3000

info@hamiltoncountylandbank.org