Download or read book The Impact of Local Historical Designation on Residential Property Value written by and published by . This book was released on 2008 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historic designation is thought to have a role in neighborhood economic and community development. Local designation of historic districts is increasingly used as a tool to revitalize deteriorated neighborhoods and to protect endangered historical districts. A number of limitations in several previous studies have made policy development as well as a complete assessment of the impact of designation difficult. Some past studies focused only on historic neighborhoods in one city or one state; other studies have tested the impact of historic designation in general without distinguishing between local, state, or federal designation. Lastly, several earlier studies have also relied on comparing changes in property values in historic areas with those non-historic areas but with too few control variables to isolate the effects of historic area designation. This dissertation expands upon previous work by examining the effects of local historic designation on residential property values across six central cities in five states in the United States while controlling for numerous other variables that could impact the property values. The study employs hedonic regression models and difference on difference (case-control) descriptive statistical models to estimate the impact of local government designation of an area as a historical district on the prices of residential property. This is accomplished by the pairing of each historic district with a similar community that was not designated as historic. The research was performed in three fast-growth and three slow-growth central cities. The results indicate that local historic designation is associated with higher property values in the six central cities. In addition, the positive appreciation effects of local historic designation in slow-growth central cities were higher than in fast-growth central cities by 7.7 percent suggesting that historic designation has a role to play in urban revitalization for areas striving to improve property values despite slow population growth.
Download or read book The Internal and External Impact of Historical Designation on Property Values written by N. Edward Coulson and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Designation of historic properties and historic districts is increasingly used as a means to revive central city neighborhoods and to promote urban economic development. While preservation activities are thought to generate positive externalities for surrounding neighborhoods, these external effects have been difficult to quantify. Using a database of tax appraisal records for residential properties in Abilene, Texas, this study demonstates that there are significant, positive externalities associated with historic designation. We perform simple cost-benefit calculations and find that the internal and external benefits more than outweigh the (non-zero) costs associated with historical designation. Moreover, from the city of Abilene's perspective the property tax incentives provided to historic reinvestment are outweighed by the added property tax revenue created by the increased value.
Download or read book Historic Preservation and the Effects on Real Estate in Los Angeles County written by Myrna Jimenez and published by . This book was released on 2016 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property values and their relationship to historic district designation in ten historic districts within Los Angeles County are studied and discussed. The median housing prices for all ten districts are studied and a comparative analysis is performed to determine any significance between five of the districts listed on the National Register of Historic Places (NRHP) to five that only contain local designations. The results indicate higher property values on the five districts containing districts listed on the NRHP compared to the five districts with only local designations. In addition, the housing price median for 'Contributing' and 'Non-Contributing' properties for all ten districts are analyzed and findings are then compared to the overall housing price median of each district. The results from the analysis showed the median housing price for 'Non-Contributing' properties to be higher than 'Contributing' properties in seven of the ten districts. The benefits of 'Local' and 'National' district designation in communities are studied and findings show dual designations within the districts. The results show additional districts found within five of the ten historic districts that have been officially listed on the NRHP.
Download or read book Evidence and Innovation in Housing Law and Policy written by Lee Anne Fennell and published by Cambridge University Press. This book was released on 2017-08-29 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interdisciplinary volume illuminates housing's impact on both wealth and community, and examines legal and policy responses to current challenges. Also available as Open Access.
Download or read book Preserving History Or Hindering Growth written by Vicki L. Been and published by . This book was released on 2014 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Brooklyn Heights was designated as New York City's first landmarked neighborhood in 1965, the Landmarks Preservation Commission has designated 120 historic neighborhoods in the city. This paper develops a theory of heterogeneous impacts across neighborhoods and exploits variation in the timing of historic district designations in New York City to identify the effects of preservation policies on residential property markets. We combine an extensive dataset of residential transactions during the 35-year period between 1974 and 2009 with data from the Landmarks Preservation Commission on the location of the city's historic districts and the timing of the designations. Designation raises property values within historic districts, but only outside of Manhattan. In areas where the value of the option to build unrestricted is higher, designation has a less positive effect on property values within the district. Consistent with theory, properties just outside the boundaries of districts increase in value after designation. There is also a modest reduction in new construction in districts after designation.
Download or read book Revitalizing America s Cities written by Michael H. Schill and published by SUNY Press. This book was released on 1983-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many American cities, middle and upper income people are moving into neighborhoods that had previously suffered disinvestment and decay. The new residents renovate housing, stimulate business, and contribute to the tax base. These benefits of neighborhood revitalization are, in some cases, achieved at a potentially serious cost: the displacement of existing neighborhood residents by eviction, condominium conversion, or as a result of rent increases. Revitalizing Americas Cities investigates the reasons why the affluent move into revitalizing inner-city neighborhoods and the ways in which the new residents benefit the city. It also examines the resulting displaced households. Data are presented on displacement in nine revitalizing neighborhoods of five cities the most comprehensive survey of displaced households conducted to date. The study reveals characteristics of displaced households and hardships encountered as a result of being forced from their homes. Also featured is an examination of federal, state, and local policies toward neighborhood reinvestment and displacement, including various alternative approaches for dealing with this issue.
Download or read book The Effects of Historic District Designation to the National Register of Historic Places on Residential Property Values in the District of Columbia written by Marjorie Rachelson Samuels and published by . This book was released on 1981 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Housing Research written by and published by . This book was released on 2006 with total page 1430 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Economics written by Geoffrey Meen and published by Springer. This book was released on 2016-04-29 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world has still to emerge fully from the housing-triggered Global Financial Crisis, but housing crises are not new. The history of housing shows long-run social progress, littered with major disasters; nevertheless the progress is often forgotten, whilst the difficulties hit the headlines. Housing Economics provides a long-term economic perspective on macro and urban housing issues, from the Victorian era onwards. A historical perspective sheds light on modern problems and the constraints on what can be achieved; it concentrates on the key policy issues of housing supply, affordability, tenure, the distribution of migrant communities, mortgage markets and household mobility. Local case studies are interwoven with city-wide aggregate analysis. Three sets of issues are addressed: the underlying reasons for the initial establishment of residential neighbourhoods, the processes that generate growth, decline and patterns of integration/segregation, and the impact of historical development on current problems and the implications for policy.
Download or read book Landmarks Preservation and the Property Tax written by David Listokin and published by Routledge. This book was released on 2017-07-12 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historic preservation is an issue of growing importance and public commitment. Federal and state mechanisms have been established to identify and support historic buildings/sites, while local governments have been active in supporting and protecting historic resources. Communities across the country have established designation programs whereby individual buildings or districts of historical-architectural significance are accorded landmark status. Designation activity has been accompanied by growing interest in other local incentives/disincentives to the support of historic buildings. In this regard, the property tax is viewed as either a possible powerful drawback to or a catalyst of preservation. This study examines the relationship between historic preservation and the property tax, focusing on the question of how designated buildings should be assessed for real taxation purposes. Listokin focuses on New York City in considering the effects of historic status on property value and in evaluating assessment practices. But this book's findings are transferrable to other communities because the base conditions are similar. Many other cities have designation programs modeled on New York City's. In addition, New York's property-tax system and administrative processes resemble those found in communities across the nation. To enhance the transferability of this study's findings, Listokin refers to the national experience and literature, typically on a side-by-side basis with the New York City counterpart.
Download or read book Preservation and the New Data Landscape written by Erica Avrami and published by Issues in Preservation Policy. This book was released on 2019 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how enhancing the collection, accuracy, and management of data can aid in identifying vulnerable neighborhoods, understanding the role of older buildings, and planning sustainable growth. For preservation to play a dynamic and inclusive role, policy must evolve beyond designation and regulation and use evidence-based research.
Download or read book The Economics of Uniqueness written by Guido Licciardi and published by World Bank Publications. This book was released on 2012-10-01 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world where half of the population lives in cities and more than 90 percent of urban growth is occurring in the developing world, cities struggle to modernize without completely losing their unique character, which is embodied by their historic cores and cultural heritage assets. As countries develop, cultural heritage can provide a crucial element of continuity and stability: the past can become a foundation for the future. This book collects innovative research papers authored by leading scholars and practitioners in heritage economics, and presents the most current knowledge on how heritage assets can serve as drivers of local economic development. What this book tries to suggest is a workable approach to explicitly take into account the cultural dimensions of urban regeneration in agglomerations that have a history and possess a unique character, going beyond an approach based solely on major cultural heritage assets or landmarks. The knowledge disseminated through this book will help stakeholders involved in preparation, implementation, and supervision of development investments to better assess the values of cultural heritage assets and incorporate them in urban development policies.
Download or read book Historic Residential Suburbs written by David L. Ames and published by . This book was released on 2002 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Historic Preservation Laws written by United States and published by . This book was released on 1993 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on the Economics of Cultural Heritage written by Ilde Rizzo and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cultural heritage is a complex and elusive concept, constantly evolving through time, and combining cultural, aesthetic, symbolic, spiritual, historical and economic values. The Handbook on the Economics of Cultural Heritage outlines the contribution of economics to the design and analysis of cultural heritage policies and to addressing issues related to the conservation, management and enhancement of heritage. The Handbook takes a multidisciplinary approach, using cultural economics as a theoretical framework to illustrate how crucial and stimulating cross-disciplinary dialogue actually is. Contributors scrutinise the co-existence of cultural and economic values as well as the new challenges that arise from changes brought about by technology, and relationships between the different actors engaged in the production, distribution and consumption of heritage services. The roles of public, private and non-profit organizations are also explored. Case studies underpin the discussion, demonstrating the clear and vital link between theory and practice. This highly unique Handbook will prove a fascinating and informative read for academics, researchers, students and policymakers with an interest in cultural economics.
Download or read book The Value of Historic District Status written by Carlianne Patrick and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparing properties in districts listed on the National Register of Historic Places and in locally designated historic districts with those in properties proposed, eligible but not designated districts, this paper estimates the differential effect on housing values of National Register and local historic district status while explicitly considering the effects of overlapping designations. Results indicate significant 14-17% increases in property values after the district is listed on the National Register and no effects from local district designation after accounting for their overlap with National Register districts. The property value results are not driven by changes in sales volume within the districts.
Download or read book The Effects of Cultural Heritage on Residential Property Values written by Sofia F. Franco and published by . This book was released on 2016 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of historic amenities on residential housing prices in the city of Lisbon, Portugal. Our study is directed towards identifying the spatial variation of amenity values for churches, palaces, lithic (stone) architecture and other historic amenities via the housing market, making use of both global and local spatial hedonic models.Our empirical evidence reveals that different types of historic and landmark amenities provide different housing premiums. While having a local non-landmark church within 100 meters increases housing prices by approximately 4.2%, higher concentrations of non-landmark churches within 1000 meters yield negative effects in the order of 0.1% of prices with landmark churches having a greater negative impact around 3.4%. In contrast, higher concentration of both landmark and non-landmark lithic structures positively influence housing prices in the order of 2.9% and 0.7% respectively.Global estimates indicate a negative effect of protected zones, however this significance is lost when accounting for heterogeneity within these areas. We see that the designation of historic zones may counteract negative effects on property values of nearby neglected buildings in historic neighborhoods by setting additional regulations ensuring that dilapidated buildings do not damage the city's beauty or erode its historic heritage.Further, our results from a geographically weighted regression specification indicate the presence of spatial non-stationarity in the effects of different historic amenities across the city of Lisbon with variation between historic and more modern areas.
