Recently Dave Chesar of Oakwood heard a story we did about the 6,000 abandoned properties in Dayton.
"At the end of the piece it said that the one thing that needs to happen is people need to start purchasing the properties," Chesar said. So he wondered: how do you actually do that? Who do you call? Is there a list? "Who really is the person, or group that can kind of transform those 6,000 vacant and distressed properties into properties that have a name, price and location?"
Last month WYSO reported that an Illinois-based hedge fund had purchased about one in eleven homes in the town of Huber Heights. The company made national news by asking Montgomery County to reduce its property taxes by over a million dollars. Now the results are in—and they weren’t as hard on the local budget as expected.
The Twin Towers neighborhood in Dayton was established more than a hundred years ago, and it’s been through a lot. Recently 84 new houses opened in the area for low-income families through a public-private partnership organized by East End Community Services. But what does this mean for a neighborhood trying to turn itself around?
Just down the block from the tall church towers that give Twin Towers its name, there’s a surprising image: instead of Dayton’s classic, old wood homes you see a block full of brand new wood homes in a similar style.