durham revitalization partnerships
DESCRIPTION
Given 2/20/14 in Durham, NC to public and private partners to inspire a preservation-based revitalization program, thanks to a grant from the Peter Brink fund at the National Trust for Historic Preservation.TRANSCRIPT
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 [email protected]
!phone 478-742-5084 • fax 478-742-2008
email [email protected] • site www.historicmacon.org
P.O. Box 13358 Macon, GA 31208 Ph: 478.742.5084 Fax:478.742.2008 www.historicmacon.org
Suburbs