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Layer: % of Home Sales as Vacant Land, 2013 - Aug 2015 (ID: 11)

Name: % of Home Sales as Vacant Land, 2013 - Aug 2015

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Description: Our Normative Assumptions when Analyzing Markets: • Public subsidy is scarce and it alone cannot create a market; • Public subsidy must be used to leverage, or clear the path for, private investment; • In distressed markets, invest into strength (e.g., major institutions, transportation hubs, environmental amenities) – “Build from Strength”; • All parts of a city are customers of the services and resources that it has to offer; • Decisions to invest and/or deploy governmental programs must be based on objectively gathered data and sound quantitative and qualitative analysis. Preparing the MVA:1. Take all of the data layers and geocode to Census block groups.2. Inspect and validate those data layers.3. Using a statistical cluster analysis, identify areas that share a common constellation of characteristics.4. Map the result.5. Visually inspect areas of the City for conformity with the statistical/spatial representation.6. Re-solve and re-inspect until we achieve an accurate representation.

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Copyright Text: The Market Value Analysis (MVA) was prepared by Reinvestment Fund’s Policy Solutions team. Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives. Since 1985, Reinvestment Fund has invested $1.6 billion in communities. Combining disciplined data and policy analysis with capital investment can address entrenched problems in low-income neighborhoods, including inequitable access to adequate affordable housing, childcare, and healthy food. Our practitioner-centered solutions provide investors, philanthropists, and policymakers with information they can leverage to drive capital and resources toward building neighborhoods where families can thrive.

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