LOCAL Trend. 4 years. 75% reduction in vacant buildings. 3 Steps.
In under 4 years, St. Petersburg Florida reduced the number of vacant homes by 75%.
How did St. Petersburg achieve this?
- Used courts to foreclose properties for unpaid taxes
- Targets proeprties owned by absentee landlords
- Then the city sells the property to:
- nonprofit affordable housing developers for $4,000 or
- sells the foreclosed properties at auction
Governing | To Fight Blight, One City Turned to Courts