Introduction & interview by Matthew Wykoff My name is Matthew Wykoff and I am a senior at FSU finishing my undergraduate degree in Economics. As a DMC researcher interested in Tallahassee’s local urban development, I interviewed Dr. Keith Ihlanfeldt about his recent paper, Impact of Rental Housing on Neighborhood Integration. Dr. Ihlanfeldt’s official title is … Continue reading Interview with Dr. Keith Ihlanfeldt
Gentrification in Frenchtown: A Nuanced Perspective
By Jordan Greer Gentrification has been contentious since British sociologist Ruth Rich coined the word in the 1960s. Rich used the term to describe the process of wealthy citizens, landlords, and developers moving into British working class neighborhoods and renovating the area. This process of redevelopment, she argued, drove up the costs of housing and … Continue reading Gentrification in Frenchtown: A Nuanced Perspective
Bethel Church: Visions of a Frenchtown Renaissance
N'namdi Green Since its official inception in 1870, Bethel Missionary Church has been a staple within the greater downtown area of Tallahassee. Throughout the years, Bethel Church has created and maintained a strong presence in the Frenchtown area by serving not only as a religious hub, but also as an epicenter for social engagement within … Continue reading Bethel Church: Visions of a Frenchtown Renaissance
Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners
Property taxes in Florida are based on annual assessments of property values made by county officials. Homeowners in Florida can challenge assessments that they believe overvalue their property and inflate their tax bill. Informally, the homeowner may meet with the assessor to negotiate for a reduced assessment. The homeowner may also petition for a formal … Continue reading Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners
Citizens Property Insurance Corporation Still Vulnerable to Underfunding
By Chad Thomas Florida’s Citizens Property Insurance Corporation (Citizens) is a state-run insurer of last resort for commercial and residential property owners unable to afford a policy in the private market. Citizens tends to insure wealthy homeowners along the coast, where property values and the risk of damage are highest. In 2002, the Florida Windstorm … Continue reading Citizens Property Insurance Corporation Still Vulnerable to Underfunding
Study Finds Growth Management Laws Reduce Housing Affordability
by Matt Kelly A new study by Cato Institute Senior Fellow Randal O’Toole explores the history and effects of growth management in the United States. Growth-management laws, according to O’Toole, “restrict rural development in order to force most growth into the cities.” In “The New Feudalism: Why States Must Repeal Growth-Management Laws” O’Toole finds these … Continue reading Study Finds Growth Management Laws Reduce Housing Affordability
New Study Examines Spillover Effects of Real Estate Owned Properties
Since the housing market collapse, banks have repossessed large numbers of homes. These REO or real estate owned properties are often vacant and rundown and can lower the values of nearby residences. While research confirms this spillover effect of REOs on other properties, few studies have evaluated its relative magnitude in different neighborhoods. DeVoe Moore … Continue reading New Study Examines Spillover Effects of Real Estate Owned Properties
Foreclosed Properties Sold to Homeowners Stabilize Property Values
The collapse of the housing market led to an increase in the number of foreclosed residences, with ownership of many reverting to the banks. These are referred to as REO (real estate owned) properties. Recent research concludes the presence of REOs in a neighborhood can lower the property values of nearby homes, but these studies … Continue reading Foreclosed Properties Sold to Homeowners Stabilize Property Values
Decision-making in a Community Redevelopment Agency
By Casey Barr As discussed in a previous blog post, Community Redevelopment Agencies (CRAs) are a form of special district government that funds local redevelopment projects with taxpayer subsidies. But how are spending and organizational decisions made in a CRA? (Source: City of Tallahassee. Available at: https://www.talgov.com/cra/CRAHome.aspx) CRAs can only be established when two governmental units, such … Continue reading Decision-making in a Community Redevelopment Agency
Community Redevelopment Agencies
By Casey Barr Local governments face the perennial dilemma of obtaining money to fund community redevelopment projects. Requesting state or federal funds can be an arduous bureaucratic process, and these funds are often awarded to larger, more prominent cities, ignoring smaller towns where need is arguably greater. Community Redevelopment Agencies (CRAs) allow local governments to … Continue reading Community Redevelopment Agencies