Neighborhood Revitalization
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Revitalizing Distressed & Abandoned Properties
Many of Boston's inner-city neighborhoods, some of the oldest in the country, have long suffered from insufficient investment in their development. These neighborhoods have been particularly hard hit by the sub prime mortgage crisis resulting in numerous distressed and abandoned properties.
This lens was created to highlight the far reaching benefits to revitalizing these neighborhoods through the federally funded stimulus package. This I believe is an ideal "shovel-ready" project which would enhance housing options. Of course, the rehabilitation of distressed properties is only one aspect of this revitalization drive.
Caledonia Construction is being promoted here as a business that is ready to capitalize on the oppornituties to aid in the local economic recovery programs.
How does Caledonia Construction Contributes?
Qualification and Services
- Incorporated 2002
- License Construction Supervisor
- SOMWBA (state) certified Minority Business Enterprise (MBE)
- City of Boston certified Minority Business Enterprise (MBE)
- Department of Neighborhood Development (DND) approved contractor
- Better Business Bureau (BBB) Accredited Business
Caledonia Services (Focus):
-Window Installation
-Siding Installation
-Replacement Windows
The Effects of Distressed and Abandoned Properties
Distressed and abandoned properties in inner-city areas should be quickly rehabilitated to reduce their devastating effects on people's lives, to enhance the stabilization of depressed communities, and to aid in the revitalization of older cities and towns.
The abundance of distressed and abandoned properties, a fall out from the foreclosure crisis, has continued to have a devastating effect on people's lives.These properties have adversely affect property values curtailing refinancing opportunuties at a time when interest rate are historically very low. They have cause the blighting of once rejuvenated areas of many inner-city communities. Some of these areas such as the Dorchester and Roxbury neighborhoods of the city of Boston were actually on an up swing after years of disinvestment and now they are exceptionally challange because of the current crisis.
The government $3.9 billion Neighborhood Stabilization Program is a necessary tool in the effort to stabilize these depressed communities. It is a vital tool that will provide economic and social benefits in the forms of job creation, housing choice and environmental improvement. It is expected that NSP will generate immediate construction activities creating over 90,000 jobs in skilled and unskilled trades, most of these job will be generated in in low and moderate income neighborhoods where they are most needed. The NSP will create the housing options ranging from very low income to middle income a combination necessary for vibrant inner-city
communities. And, third, the environment improvement will be measureable. The improvement work will be energy efficiency focus, it will utilize existing properties thereby rejuvenate abandoned and distressed properties bringing them back to useful life.
The long term benefits of rehabbing these distressed properties are the revitalization of older section of cities and towns. In truth, many of these areas have long suffered disinvestment and neglect, revitalizing them could be what the national economy needs at this time to create jobs needed to enhance its economic recovery goals.
Neighborhood Connections
- Neighborhood Stabilization Works
- Stabilize it then Revitalize it
- Energy Star Guidelines
- Energy efficient
- Caledonia Construction, Inc.
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by MillionaireME
David H. Allen is the owner of Barron Real Estate Partners, LLC, and the President of Caledonia Construction Company, Inc. Mr. Allen is a full-time Re... more »
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