Zombie Houses

The Story

Read more at cbs6albany.com
Photo: DenisTangneyJr/iStock

With declining populations and stagnant economies, upstate New York communities are seeing more abandoned houses, which blight neighborhoods and degrade home values. A new law empowers localities to deal with these “zombie properties” by forcing banks to get them out of foreclosure and back on the property-tax rolls. New Yorkers deserve safe, clean neighborhoods free of dilapidation.

The Facts You Need to Know

  1. Fix: Small, inexpensive improvements to an abandoned property can have a major impact on local quality of life. Read more.

  2. Down: Virtually every upstate county experienced a significant population decline in the last decade. Read more.

  3. Control: New laws permitting upstate cities to enact rent control will likely prove counterproductive, since such regulations would deter investment in abandoned houses. Read more.

“Cleaning and greening a handful of blighted lots lead to large drops in an area’s shootings, armed assaults and nuisance crimes.”

Michael Hendrix, City Journal Director of State and Local Policy

Twitter Take

The Past is Present

The Mortgage Hangover By Nicole Gelinas (Summer, 2011)

“A Bronx boom-and-bust story shows why the nation hasn’t yet recovered from the financial crisis.”

And in other news...

“The New York State Thruway Authority on Thursday proposed its first toll increase in 10 years, including for the new Mario M. Cuomo Bridge over the Hudson River north of New York City.”