Measuring the Economic Impact of Detroit's Blight Elimination Program
Since Mayor Mike Duggan took office, the City of Detroit has made tremendous strides in removing blighted structures. Thousands of vacant homes have been removed at a more rapid pace than ever before in Detroit's history. In order to better understand the positive economic impact of these demolitions, the Skillman Foundation and Rock Ventures commissioned an impact study to evaluate the economic effect of the recent demolitions.
The study found that each demolition in the Detroit Hardest Hit Fund target areas increased surrounding occupied home values by an estimated 4.2%. Cumulatively, the home equity impact of all demolition activity was calculated at $209,000,000. More details can be found in the reports below.
More details of the Hardest Hit Fund Program, and a more detailed overview of the results from the impact study can be found in the policy brief.
The full impact report details the estimated economic affect of the Hardest Hit Fund Blight Elimination Program, as well as the specific techniques used in the analysis.