Buffalo's changing neighborhoods
Article Abstract:
The city of Buffalo, NY, has embarked on a program that aims to revitalize old neighborhoods while building new housing developments all over the city. The three neighborhoods chosen to be the pilot development sites have shown remarkable improvement. One of them, the Pratt-Willert Village development, was even recognized by the Urban Land Institute for excellence in inner-city housing construction in 1990. Buffalo's 'Residential Neighborhood Renaissance' program has dramatically transformed the city. The building boom in the area has revitalized the local home-building industry, the value of residential property in the city has been increasing, and more low- and moderate-income families are living in their own low-cost homes or in low-rent housing. Furthermore, residential neighborhoods have become more attractive and liveable, making Buffalo 'a good place to live in' once again.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1992
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Focus on Chicago
Article Abstract:
Urban redevelopment programs in the City of Chicago are discussed. The Chicago Department of Housing has financed several neighborhood rehabilitation projects, and the Chicago Housing Authority, which manages some 40,000 dwellings occupied by 145,000 tenants, has started a program which enables low income families to buy their own homes. In the private sector, the South Shore Bank has established three community growth programs: The Neighborhood Fund, the City Land Corporation, and the Neighborhood Institute. The activities of these groups, such as mortgage financing and 'sweat equity', are briefly described.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1986
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Using tax credits: financing rehabilitation
Article Abstract:
The full potential of low-income housing tax credits has never been fully exploited because it is a complex undertaking which requires syndication, as well as the involvement of owners and limited partner investors; and also because most municipalities do not provide the additional funds which would be needed to make such projects feasible. It is possible, however, to combine elements of tax credit programs and flexible aid dollars to rehabilitate below-standard, low-rent properties. Requirements for increasing the use of low-income housing repairs without the need for syndication are outlined.
Publication Name: Journal of Housing
Subject: Social sciences
ISSN: 0272-7374
Year: 1988
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