Blighted properties are defined as properties that pose a safety threat and public nuisance, and their blighted effect diminishes the value of nearby property.
Why Target Blighted Properties?
Strain resources of local police, fire departments, health departments
Depreciate property values
Reduce property tax revenue
Degrade the quality of life of remaining residents
Why Do Blighted Properties Exist?
Job loss
Consumer preference
Demographic trends and shifts
Most common reason – Cost of Maintenance and operation exceeds the apparent value of the property
Why Target Blighted Properties?
Strain resources of local police, fire departments, health departments
Depreciate property values
Reduce property tax revenue
Degrade the quality of life of remaining residents
Benefits of Blight to Bright
Increase the value of the property and those within close proximity
More willingness to lend in the area
Increase economic investment
Affects the negative population loss that most rural areas are facing
Our Approach
Identify target properties by working with partners such as local
municipalities
Property acquisition and deconstruct blighted properties
Redevelop land to provide attainable housing opportunities for
