HomeMy WebLinkAboutNeighborhood Revitalization Policy Matrix Neighborhood Revitalization Policy Matrix
Costs of Benefits Other Impacts
Comprehensive
Other funds Benefit/ Neighborhood Neighborhood Social Housing Plan
Alternative Strategy Acquisition Demolition Relocation Site Prep Total Costs Future Assessed Values Private Investment Leveraged Total Benefits Cost Ratio Scale of Project Connections Affordability Implementation Timeline
Block-Wide Acquisition/Demo/Sell for Assume$10,000
Assume Assessed Value- Assume$108,000 per owner Assume 20 new sewer,
Redevelopment per unit Large- Blight Removal
No Condemnation unit and$145,000 per renter water,storm laterals and 20 parcels at$150,000 $125,000 per parcel Less Units Medium
24 Houses depending on $5,440,000 $0 $3,000,000 0.55 Design Standards Replaced Concentrated in
$79,000 per parcel unit sidewalks.$15,000 per $3,000,000 $2,500,000 Available Term
13 Owner-Occupied asbestos Required one neighborhood
11 Rental-Occupied $1,900,000 $240,000 $3,000,000 unit $300,000
Southshore Redevelopment Block 8 Parcels acquired at
Assume$10,000 Assume Mixed Use Blight removal
Jefferson Street Redevelopment $38,000 per parcel Medium-
depending on Assumes no relocation costs redevelopment utilities, Same#of concentrated in Long
9 parcels left to acquire at asbestos $0 sidewalk 1.130,000 $2,000,000 $1,500,000 $0 $2,000,000 1.77 Design Standards Replaced
$45,000 per parcel Units Available redevelopment Term
$170,000 $250,000 Required plan
$710,000
Scattered Site Acquisition/Demo and $10,000 Dep.Of
Reconstruct with:Advocap,Habitat, Public Works Blight removal
$0.50 on the dollar Assumes no relocation costs Small- Same#of Short
GO-HNI using CIP and CDBG Funds $31,000 per parcel 0 demos and CDBG $0 $41,000 $100,000+ $20,000 $0 $120,000 2.93 Easy to fit Retained Units Available scattered in many
Term
pays tipping fees neighborhoods
Rock the Block-Style Event $0.50 on the dollar Habitat,GO-HNI, Blight removal
$40,000 per parcel $10,000 $0 $0 $50,000 $100,000 $20,000 Donations and $100,000+ 2.00+ Small- Same#of Short
Retained scattered in 5
Easy to fit Units Available term
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