What is blight?
- 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?
Blighted Properties:
- Strain resources of local police, fire departments, and health departments
- Depreciate property values
- Reduce property tax revenue
- Degrade the quality of life of remaining residents
Why Do Blighted Properties Exist?
- Job losses over time
- 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?
As a visual public nuisance, Blighted Properties:
- Strain resources of local police, fire departments, and 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
- low-to-moderate income families
