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Neighborhood Summit 2016Going Big - Scaling Neighborhood Revitalization for Big Impact

Darin Hall

Executive Vice President

March 12, 2016

2 Presentation Overview

• Port Authority Introduction

• Hamilton County Land Reutilization Corporation (Landbank)

• Homesteading & Urban Redevelopment Corporation

• Neighborhood Revitalization

• Targeted Neighborhood Approach

• Landbank Partner Programs

• Overall Impact

3 Port Authority Board

4 Port Authority Staff

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Mission: Return Vacant Properties to Productive Use through the tools statutorily provided to the HCLRC and by leveraging the

resources of the HCLRC’s executive arm, the Port Authority.

Landbank

• Incorporated in 2011 by the County Treasurer

• Managed by the Port Authority

• HCLRC Remains an Independent Entity

• Funding: 5% DTAC

6 Homesteading & Urban Redevelopment Corporation

• Founded in 1976 to rehab homes in the Cincinnati Region

• Over 700 houses rehabbed to date

• Now managed by the Port as of May, 2015

• Regional contact for the National Community Stabilization Trust

(NCST)

• First-look and access on foreclosed properties held by

National lenders

7 Port Vision 2022: Transform to Prosperity

Board-Driven Plan: By 2022, our success in repositioning undervalued properties and

re-building neighborhoods will transform the Cincinnati region.

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Neighborhood RevitalizationIndustrial Revitalization Public Finance Practice

Goal: Transform communities for lasting impact, including residential properties and commercial business districts

Strategy: Work with target communities to return vacant, blighted properties to productive use for neighborhood transformation and attraction of residents

Goal: Redevelopment of underutilized industrial land along key transportation corridors

Strategy: Repurpose existing urban industrial zones within transportation corridors to position replacement industries where legacy losses have been greatest

Goal: Cultivate a nationally-recognized public finance program that supports economic and community development efforts

Strategy: Develop and provide public finance tools to support private for- and non-profit entities seeking to develop property in Hamilton County, Ohio

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Strategies for Success:

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Neighborhood Revitalization

9 Strategic Initiative 2022 – Neighborhoods

Goal:

Accelerate our work to address 1 new neighborhood

every year within the next ten years- each with a ten year

investment commitment

Result:

Revitalized Housing Markets

Revived Business Districts

Prospering Neighborhoods

10 Collaborative and Comprehensive Approach

Community Seeks Our Assistance

High Core Blight Indicators

Forfeited Land, Tax Delinquency, Foreclosure, Code Violations

Lead Organization With Capacity

Anchor Institutions

Established Community Housing Plan

Private Developers Active in Neighborhood

Each Plan Should Reflect the Neighborhood’s Needs and Desires

11 Landbank Toolkit

Acquire Property Donation

Forfeited Land

Tax Foreclosure

Code Violation

Foreclose Demolition/

Stabilization Lien

Hold Property Hold Properties Tax Free

Expedition of Clear Title

Economies of Scale

(Maintenance/Insurance)

Dispose Property Landbank Programs

NIP Demolition

Develop Reuse/

Redevelopment Strategies

Leverage Partnerships City and County

Private, Non-Profit

CDC Network

Development Community

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Targeted Neighborhood Investment Strategy – Bond Hill /

Roselawn

13 Bond Hill / Roselawn

Opportunity

• Reposition Commercial Environment

• Focus on Neighborhood Business District

• Build Capacity and Leadership

14 Commercial Redevelopment

15 Bond Hill Business District

16 Bond Hill Timeline

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Targeted Neighborhood Investment Strategy -- Evanston

18 Evanston

Opportunity

Reinvigorate Housing Market - REACH

Evanston Working Group/Community Council

Partner with Anchor Institutions

Walnut Hills High School

Xavier University

Leverage State and City Dollars

Moving Ohio Forward Grant Dollars

City of Cincinnati TIF Dollars

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3351 Woodburn

20 3351 Woodburn Avenue

Before

After

After

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Woodburn Homes

22 Economic Inclusion

Project Type % MBE % WBE % SBE Comments

HCLRC (Landbank) 26% 24% 54% Includes demolition of

housing and stabilization

Aspirational Goal 25% 7% 30%

23 Workforce Development – Lawn LifeSite Work at REACH Model House

24 Workforce Development - Building Value

• Since 2013, they have deconstructed/demolished 14

houses for the Port Authority and

• 44 full structure deconstructions overall

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25 Results Thus Far

Sales Prices To Date

– $79,900

– $99,900

– $119,900

– $142,900

– $174,900

– $179,900

– $185,000

– $189,900

– $214,900

– $224,900

Number Properties owned 35

Number Sold 12

Number listed 2

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Targeted Neighborhood Investment Strategy – Walnut Hills

You’re Next

27 Walnut Hills

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Landbank Partner Programs

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Mission: Return Vacant Properties to Productive Use

Landbank

30 Lot-to-Yard

• Eligible: Owner-occupants interested in acquiring

residential vacant land adjacent to their home.

• Not Eligible: Owners of Adjacent Rental Property

4363 Eastern - Demolition Becomes New Yard Space

31 Gardens and Greens

Eligible:

Interested parties with redevelopment plan and demonstrated

ability to maintain the property as green space.

32 Single Family Home Redevelopment

• This program returns underutilized, residential

properties to productive use through sale to interested

parties for redevelopment.

5704 Adelphi - Empty Lot Becomes New Home

33 Multi-Unit/Multi-Property/Commercial

• This program focuses on projects involving the

development of multiple units, multiple properties, or

commercial properties.

1702 Central Parkway - Vacant Building Gets Remodeled

34 Historic Structure Stabilization

The Landbank assists in stabilizing important, vacant

historic buildings in order to preserve these structures for

future re-use and redevelopment

35 Neighborhood Initiative Program (NIP)

The Landbank has been awarded approximately $5

millions in residential demolition funding by the State

of Ohio. In order to qualify for reimbursement under

the program, each property must be owned by the

Landbank at the time of demolition.

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Overall Impact

37 Overall Impact

TARGETED NEIGHBORHOOD INVESTMENTLANDBANK PARTNER PROGRAMS

ECONOMIC DEVELOPMENT

QUALITY HOUSING

COMMUNITY BUILDING

BLIGHT REMOVAL

SAFETYNEIGHBORHOODS

INCLUSION

WORKFORCE DEVELOPMENT

SUSTAINABILITY

VIBRANT BUSINESSES

JOBS

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Port of Greater Cincinnati Development Authority

3 E. Fourth Street, Suite 300

Cincinnati, OH 45202

www.cincinnatiport.org

(513) 621-3000

@PGCDA

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