Submission information
Project Details
Economic Development
Historic Preservation Revolving Fund: Acquire and stabilize at-risk historic properties
Establish a revolving fund to acquire and stabilize blighted residential properties. Revitalize Dayton neighborhoods suffering from redlining, the foreclosure crisis, and loss of generational wealth due to undervalued appraisals and access to loans. Decrease costs to secure blighted properties, prevent arson and crime, and improve health outcomes. Stimulate private sector investment in market-rate housing and new businesses. Improve the County's tax base, fund schools and basic services.
Organization Details
Dayton Preservation Works, CDC and Preservation Dayton, Inc.
P.O. Box 3614
Dayton, Ohio. 45401
Dayton, Ohio. 45401
Montgomery
same
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Non-profit
Organization Contact Details
Monica Snow
President
Dayton Preservation Works, CDC and Preservation Dayton, Inc.
P.O. Box 3614
Dayton, Ohio. 45401
Dayton, Ohio. 45401
Montogomery County
Paul Woodie, Treasurer, Dayton Preservation Works, CDC and Preservation Dayton, Inc. 937-231-2576
Location Details
Dayton
Montgomery
Ohio 10th
Financial Details
500000
510000
10000 from private donation for accounting system and auditing services
Land Acquisition
No
10,000 private donation
Yes
pdac_2023_budget.pdf
(103.1 KB)
Within the next 6-12 months
Community Details
Dayton has approximately 11,000 vacant properties, exceeding all six major Ohio cities. Disinvestment in the built environment is clearly linked to the health outcomes of residents who live with the daily reminders that their communities, and therefore, they, do not matter (See the Dayton & Mont. County's "Community Health Assessment—Social Determinants of Health Neighborhoods & the Built Environment"). The Community Health Assessment also maps the locations of the highest vacancy rates in Montgomery County ( 26.2%-30.6%) which are in historically redlined Dayton zip codes https://www.cha.phdmc.org
More than half of the vacant-structure fires in Dayton last year (2021) were intentionally set, according to fire department data. In comparison, only 11%of occupied-building fires were due to arson https://www.daytondailynews.com/local/vacant-property-fires-in-dayton-increase-cause-problems-for-neighbors/PIBO6J5RQBAMVAYEC32QB44H3E/ "Family barely escapes, home destroyed after vacant home next door is set on fire. Unsafe for firefighters to battle the blaze." In addition in 2023, five residents died in a vacant property fire and high-potential residences like the Traxler Mansion at 42 Yale and 105 Oxford were destroyed by fire or neglect.
By stabilizing just a few strategic vacant properties, Preservation Dayton's revolving fund program can help stop the further deterioration of Dayton's neighborhoods, inspire current homeowners to invest their homes, and attract new homeowners who have confidence in the future for the neighborhood.
Empirical research shows that even small-scale investments to mitigate blight have a positive impact on entire neighborhoods. Random controlled trials by the University of Pennsylvania’s Urban Health Lab show that for every dollar invested in mitigating blight and vacant properties, $79-$333 dollars are saved in costs for first responder calls, crime and mental health incidences, and emergency room visits, “To Stop Gun Violence, Clean Up the Neighborhood” by Eugenia South Smith https://www.nytimes.com/2021/10/08/opinion/gun-violence-biden-philadelphia.html
This extensive literature survey by The Urban Institute and Columbia University documents similar conclusions that show how remediating blight and investing in neighborhoods can improve the quality of life for all residents “Urban Blight and Public Health: Addressing the Impact of Substandard Housing, Abandoned Buildings, and Vacant Lots”, Urban Institute, de Leon, E. & Schilling, J., https://www.urban.org/sites/default/files/publication/89491/2017.04.03_urban_blight_and_public_health_vprn_report_finalized.pdf
At one point in time, inner-city neighborhoods like Oregon, St. Anne's, Wright-Dunbar Village, Grafton, South Park, and McPherson were considered slums and many were slated for demolition. Today, the total valuation of Dayton’s historic neighborhoods have increased 122.3% from 1996 to 2022 compared to the -0.7% in non-historic districts. This appreciation in value is even more pronounced since the 2012 study found that the total valuation of Dayton’s historic districts increased 71% from 1996 to 2012 compared to the 22% in non-historic districts https://www.preservationdayton.com/neighborhoods.html However, improving the City's tax base and improving the generational wealth of residents does not mean displacement of current low-income residents. The development of Wright-Dunbar Village provides a model for ensuring that current property owners benefit from tax abatement programs, low interest home improvement loans and grants with support from city, county, state and nonprofit programs: https://us.sagepub.com/en-us/nam/consensus-organizing-a-community-development-workbook/book229152 https://www.preservationdayton.com/uploads/4/5/9/0/4590030/wright_dunbar_village_walking_tour.pdf
The 2021 Housing Needs Assessment by Bowen National Research indicates that by 2026, the City of Dayton will need over 2,000 units for moderate and middle-income renters and over 1,400 for-sale units for low-income households and over 3,100 units for moderate- and middle-income buyers (a total of 6,500 units). A revolving renovation fund can help to decrease carbon emissions and landfill costs compared to new construction; lower the rising costs of interest rates, labor and materials; increase housing production; and lower housing costs for the entire region.
More than half of the vacant-structure fires in Dayton last year (2021) were intentionally set, according to fire department data. In comparison, only 11%of occupied-building fires were due to arson https://www.daytondailynews.com/local/vacant-property-fires-in-dayton-increase-cause-problems-for-neighbors/PIBO6J5RQBAMVAYEC32QB44H3E/ "Family barely escapes, home destroyed after vacant home next door is set on fire. Unsafe for firefighters to battle the blaze." In addition in 2023, five residents died in a vacant property fire and high-potential residences like the Traxler Mansion at 42 Yale and 105 Oxford were destroyed by fire or neglect.
By stabilizing just a few strategic vacant properties, Preservation Dayton's revolving fund program can help stop the further deterioration of Dayton's neighborhoods, inspire current homeowners to invest their homes, and attract new homeowners who have confidence in the future for the neighborhood.
Empirical research shows that even small-scale investments to mitigate blight have a positive impact on entire neighborhoods. Random controlled trials by the University of Pennsylvania’s Urban Health Lab show that for every dollar invested in mitigating blight and vacant properties, $79-$333 dollars are saved in costs for first responder calls, crime and mental health incidences, and emergency room visits, “To Stop Gun Violence, Clean Up the Neighborhood” by Eugenia South Smith https://www.nytimes.com/2021/10/08/opinion/gun-violence-biden-philadelphia.html
This extensive literature survey by The Urban Institute and Columbia University documents similar conclusions that show how remediating blight and investing in neighborhoods can improve the quality of life for all residents “Urban Blight and Public Health: Addressing the Impact of Substandard Housing, Abandoned Buildings, and Vacant Lots”, Urban Institute, de Leon, E. & Schilling, J., https://www.urban.org/sites/default/files/publication/89491/2017.04.03_urban_blight_and_public_health_vprn_report_finalized.pdf
At one point in time, inner-city neighborhoods like Oregon, St. Anne's, Wright-Dunbar Village, Grafton, South Park, and McPherson were considered slums and many were slated for demolition. Today, the total valuation of Dayton’s historic neighborhoods have increased 122.3% from 1996 to 2022 compared to the -0.7% in non-historic districts. This appreciation in value is even more pronounced since the 2012 study found that the total valuation of Dayton’s historic districts increased 71% from 1996 to 2012 compared to the 22% in non-historic districts https://www.preservationdayton.com/neighborhoods.html However, improving the City's tax base and improving the generational wealth of residents does not mean displacement of current low-income residents. The development of Wright-Dunbar Village provides a model for ensuring that current property owners benefit from tax abatement programs, low interest home improvement loans and grants with support from city, county, state and nonprofit programs: https://us.sagepub.com/en-us/nam/consensus-organizing-a-community-development-workbook/book229152 https://www.preservationdayton.com/uploads/4/5/9/0/4590030/wright_dunbar_village_walking_tour.pdf
The 2021 Housing Needs Assessment by Bowen National Research indicates that by 2026, the City of Dayton will need over 2,000 units for moderate and middle-income renters and over 1,400 for-sale units for low-income households and over 3,100 units for moderate- and middle-income buyers (a total of 6,500 units). A revolving renovation fund can help to decrease carbon emissions and landfill costs compared to new construction; lower the rising costs of interest rates, labor and materials; increase housing production; and lower housing costs for the entire region.
No
1 to 10
1 to 10
1 to 10
The budget includes a part-time hourly paid manager for two years. If the revolving fund can be successfully established after the initial two years, approximately 2-5, full-time positions would be needed to expand the property. These staffing estimates are based on a combined experience of our five-person board who have renovated more than 30 historic residential properties and developed housing for the East End Community Development Corporation. In addition to these direct jobs, a study by the National Trust shows renovation creates highly paid local jobs, Rehabilitation project costs are on average 60 percent labor and 40 percent materials compared to new construction costs of about 40 percent labor and 60 percent materials. Labor is usually hired locally and often includes higher-paid craftsmen skilled at repairing historic windows, plaster, masonry, and flooring." https://cdn.savingplaces.org/2023/05/05/11/27/38/176/NTHP66_STATE_HTC_4PG_F%20for%20FORUM%20UPLOAD.pdf
$50,000-$75,000
No
No
Montgomery
Additional Details
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No
Monica M. Snow
937-232-6904
Yes
The Preservation Dayton, Inc./Preservation Works, CDC project is not on the list of ineligible projects.
No
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