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October 14, 2011

Cleveland Could Hold the Future of the Foreclosure Crisis: Demolition

Land Bank President Gus Frangos looks at a map of 15,000 foreclosures in Cleveland

The Washington Post featured the Cleveland foreclosure and vacant properties crisis with "Banks turn to demolition of foreclosed properties to ease housing-market pressures" including the slideshow "Cleveland could hold the future of the foreclosure crisis: Demolition". Slide 9 features a map of foreclosed properties in Cleveland that was created using data from the Center on Urban Poverty and Community Development's NEO CANDO (Northeast Ohio Community and Neighborhood Data for Organizing) by the the Cuyahoga County Land Reutilization Corp (often known as the Land Bank).

The slideshow depicts photographs of the demolition process of foreclosed and vacant residents in Cuyahoga County as organized by the Land Bank in hopes of improving the value and quality of the land and neighborhood. Pictures show actual demolitions, inspections, reactions from neighbors, and future use of the cleared land.

Slide 9 shows Land Bank president Gus Frangos with a map of Cleveland showing more than 15,000 properties that have suffered in the foreclosure process and have to be dealt with. Data from NEO CANDO was used to create the map and to help policy planning and decision-making at the Land Bank and other institutions. Assistance was also provided by Michael Schramm, director of IT and research at the Land bank and research associate and analyst/programmer at the Poverty Center.