Neighborhood Stabilization Strategies for Vacant and Abandoned Properties
Zoning and Planning Law Report, Vol. 34, No. 8, 2011
13 Pages Posted: 7 Nov 2011 Last revised: 6 Jun 2012
Date Written: September 1, 2011
Vacant and abandoned properties are a growing inventory in many American neighborhoods as a result of unusually high foreclosure numbers, population loss, and property value declines. The impact of vacant and abandoned properties is tangible and requires a willingness by local governments to acknowledge and address the problem. This article outlines the problems caused by vacant and abandoned properties and suggests a variety of potential strategies, from property tax foreclosure reform to land banking.
Keywords: Vacant, Abandoned Properties, property, real estate, finance, foreclosure
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