Vacants to Value

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Vacants to Value is a Baltimore initiative enacted in 2010 by former Mayor Stephanie Rawlings-Blake to incentivize purchases of abandoned homes in the city. The program offers financial incentives to purchase derelict properties and renovate them.[1]

For decades, Baltimore's local landscape had been blighted by thousands of vacant, boarded up houses, many of them located in some of the city's poorest neighborhoods.[2] This issue was especially prevalent in sections of the city once home to working class families or redlined over decades of segregationist city planning.[3] The city struggled with such problems as far back as the days of mayor William Donald Schaefer, who addressed the problem by offering homes for $1.[4] By the 2000s, the number of vacant homes had tripled, leading to the introduction of the Selling City-Owned Property Efficiency (SCOPE) project, which had facilitated just 130 rehabilitations in its eight year lifespan. Baltimore had also experienced major population decline due to white flight and a dwindling number of blue-collar jobs, with the city's population falling from 950,000 residents in 1950 to 621,000 residents in 2010.[3]

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