durham revitalization partnerships

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Preservation History

“God help me I sometimes cannot stomach it when I see with what negligence, or to put it more crudely, by what avarice they allow the

ruin of things because of their great nobility the barbarians, the raging enemy have spared; or those which all-conquering, all ruining time might easily have allowed to stand forever.”

-- Leon Battista Alberti, 15th century

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

The basics

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

House Museums

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

First property

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Neighborhood Revitalization

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Impact

Taxes !

$8,000 value = $122 taxes/ year !

$350,000 value = $4,256 !

Jobs !

$350,000 Rehabilitation Costs !

$1,000,000 produces 18.1 jobs, or .0000181 jobs per dollar !

$350,000 x .000181 = 6.33 jobs

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Huguenin Heights

!• Four square blocks • Bounded by Interstate, two major collector roads and a public park • 16 projects completed over five year period

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Vernacular buildings

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Development

Homes sold Home Ownership Crime

66%

100%

10%

100%

15%

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Greenfield Expansion

Macon City Limits- 4 mile radius

1 mile expansion- 5 mile radius

Adds 7 Square miles

!57% increase in area to service

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Property Tax

Revitalization Tax Income + Reduced Demolition cost

+ Reduced Police cost + Reduced chance of fire + Reuse of infrastructure

Suburban Tax Income - New sewer and water

- New power lines - New roads and sidewalks - Expand trash collection -Expand fire and police

service area

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Value and Appreciation

Properties in historic districts sold for

$67,000 more than houses outside districts

!Historic properties saw an additional 21 points

in appreciation than non-historic properties

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Foreclosrures

Historic districts experience foreclosure rates half the rate of

non-historic neighborhoods

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Impact

•College Hill’s property tax revenue increased at double the rate of Bibb

County from 2002-2011

• Property tax income increased 57% in

College Hill vs. 30% for Bibb County

•Total income increased nearly $1,000,000 in

College Hill

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Integration

Price Range • $40,000 to $680,000

!Income Ranges

• $16,000/year to $275,000/ year

!94% variation

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Integration

!Price Range

• $206,000 to $270,000 !

Income Ranges • $61,800 to $81,000 year

!24% variation

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Walkability

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Car Ownership vs. House

Honda Fit Fuel: $10,003

Insurance: $3,675 Financing: $995

State Fees: $1,400 Maintenance: $2,029

Repairs: $1,773 Depreciation: $8,631

Total 5 year cost: $28,506

Average Beall’s Hill House Principal & Interest: $39,875

Insurance: $3,500 Tax Deduction: +$5,375

Taxes: $2,500 Tax Credits: +$12,500

Maintenance & Repairs: $12,000 Appreciation & Equity: +$11,000

Total 5 year cost: $29,000

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Obsolete housing demolished

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Beall’s Hill

13%

39%

48%

Households with Children Households without ChildrenSingle person households

U.S. Household Distribution in 1960

28%

45%

27%

Households with Children Households without ChildrenSingle person households

U.S. Household Distribution in 2030 (projected)

0

15

30

45

60

Households with Children Households without Children Single Person Households

1960

2000

2030

Suburban Urban Small-lot Urban Loft

CASE STUDY

Purchase a home with tax credits in place

HomesHistoric home

Any other home

House Price $135,000 $135,000

Down Payment $4,725 $4,725

You Get a Raise! $2,700/year $0

Reduced Property Tax $205 $2,260

Total Savings $44,480 $0

Total Monthly Cost $500 $1,160

Down Payment Assistance

The City of Macon offers down payment assistance up to $25,000 for people of low

to moderate incomes !

Mercer University offers $20,000 to all employees for

down payments !

Georgia Dream can offer $5,000 to $7,500 to help with

down payment and closing costs

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

980 Maple St.- Before

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

980 Maple St.- After

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

972 Maple St.- Before

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

972 Maple St.- After

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

1295 Ross St.- Before

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

1295 Ross St.- After

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Easements

We keep and monitor about 130 easements and covenants

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Partnerships

•City of Macon benefits from reduced crime, reduced police responses, reduced fires •Rehabilitation eliminates need and cost of tear-downs •Increased property taxes •Increased sales taxes from construction materials purchased •Increased employment from construction workers •Elimination of slum and blight

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Partnerships

•Mercer University needs increased campus security •Fences and patrols cannot provide the same security as a safe neighborhood •Faculty and staff living near the campus do not require parking •Five year retention agreements limit recruiting costs and retain talented faculty

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Partnerships

•Area’s largest employer •Employs over 1,000 nurses •Nursing turnover averages 10% per year •Average cost to recruit a nurse tops $25,000 •In addition, average parking space per employee costs $15,000 to construct plus land acquisition and maintenance •Medical Center can institute down payment assistance with five year retention agreement for employees who will buy a house within walking distance of work

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Revitalization Partners

!

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Sales prices

$80.00

$87.50

$95.00

$102.50

$110.00

2008 2009 2010 2011 2012

Average sales price

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Development

Historic Macon Hills and Heights Partnership

Private

$1,715,000 $1,333,000 $1,254,000

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Economic Development

Property Tax Sales Tax Jobs

64 Jobs$47,000/ year $115,000

Josh Rogers, Executive Director jrogers@historicmacon.org

!phone 478-742-5084 • fax 478-742-2008

email info@historicmacon.org • site www.historicmacon.org

P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org

Suburbs