What
czb does:
Develops public and private sector strategies to remarket the
neighborhood as a “buy low”
opportunity for owner-investors
Context:
Residents who can leave, DO
Non residents shun the neighborhood
socially, politically, and otherwise
The Market is Weak,
and Attractive Generally Only to Slumlords and Liquor Stores
What
czb does:
Develops strategies to tackle the numerous and dominating “push”
elements that thwart re-marketing efforts; code enforcement
for instance
Context:
Supply is over-abundant. The
few investment opportunities that are consummated (matching
supply and demand) tend to be highly speculative (commercial),
or, if residential, “flip-oriented” in nature
and attractive to slumlords.
Real estate values (acquisition)
or cap rates, are well below regional median
Not even “urban pioneers”
have the stomach to invest here, unless there are severely
mitigating locational rationales known to exist
Almost total racial homogeneity
No threat of residential or other gentrification
Usually a plethora of low-income
housing
Neighbors Do Not Have
the Social or Political Power to Manage Threats Successfully
What
czb does:
Develops organizing and leadership skill building efforts needed
to expand the resources of residents to manage change and the
changes that result from threats.
Develops ways to break vicious cycles of social
and economic disinvestment
Context:
Neighbors lose nearly all fights
against threats; most threats, though, go unchallenged
Most problems linger; by lingering
new “norms” become established, norms that impact
image and market negatively
Little reveals the degree of
care needed to grow these neighborhoods into the next tier.
A resulting “prisoner’s dilemma” of self-fulfillment
ensues
Few if any of the properties
suggest any recent reinvestment
What czb does:
Analyzes a community’s physical assets and other stocks
in their inventory, and develops
revitalization strategy to increase the quality of the built
environment; focus is on strategic use of subsidy
Context:
Properties are characterized
by social and economic disinvestments
Almost no properties can generate
enough equity to leverage reinvestment
It does not make economic sense
for outsiders in invest in this neighborhood
It does not make social sense
for insiders to invest in this neighborhood
