Neighborhood Revitalization: Analyzing the Impact of an Innovative Block-by-Block Stabilization Strategy
An innovative model for neighborhood recovery piloted in Cleveland’s Slavic Village neighborhood is providing long-term recovery and stability in Slavic Village and, according to a Greater Ohio Policy Center (GOPC) study - Documenting the Slavic Village Recovery Project: An Early Review of a Model for Neighborhood Revitalization in Cleveland - could be duplicated as a revitalization effort in other cities.
Slavic Village Recovery, LLC (SVR) has taken up its revitalization project one block at a time. SVR acquires, renovates and then sells vacant properties located in a target area. A rent-to-own program has been employed as an option in certain circumstances. Early results suggest that this “block-by-block” approach is yielding improved return on neighborhood investments.
SOURCE: Greater Ohio Policy Center