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Stabilize Neighborhoods with the Highest Concentration of Vacancy and Abandonment

3
 What is an Initiative?

 

An Initiative is a coordinated effort designed to achieve a Goal. Initiatives contain Actions that, when executed together, will help the City achieve one or more of its Goals.

Goals related to this Initiative

The Laying the Foundations for Strong Neighborhoods report identified 20 sub-neighborhoods in Trenton as "very weak," most of which surround the downtown. It is these areas where vacancy and abandonment exist in the highest concentrations. The long-term vision of these areas is for them to evolve into vibrant residential neighborhoods once Trenton’s housing market strengthens.
The short-term vision in these areas is to reduce the impact of the weak housing market on residents while stabilizing the housing stock so that it is ready for private sector investment when the housing market in Trenton does improve. Programs that will support this policy include demolition of dangerous properties, allowing residents to reuse vacant lots for non-development uses, property stabilization programs, and controlled scrapping of homes to ensure they remain secure. Once the housing market does improve in these neighborhoods, they should then receive the same actions as those recommended in the Strengthen Neighborhoods at the Risk of Decline initiative.
Going forward, the City must clearly communicate to residents that these areas are likely to continue to face significant challenges for the foreseeable future. As such, residents should understand that efforts to encourage catalytic projects are not likely to be successful and will divert resources from areas where they are likely to have a sustaining city-wide impact.

Actions that support this Initiative

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Vision & Guiding Principles

Read more about the community-driven vision for Trenton and find out how this was translated into actionable goals, initiatives, and actions.

http://trenton250.org/vision-guiding-principles
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