Erie Land Bank Highlights Blight to Bright Initiative
The Erie Land Bank and the Redevelopment Authority of the City of Erie are highlighting ongoing efforts to address blighted properties in the city.
On Wednesday, both organizations showcased a property off of Cameron Road in east Erie, which was recently rehabilitated.
According to Redevelopment Authority of the City of Erie Executive Director Aaron Snippert, the property sat vacant for five years and had fallen into disarray.
"The windows were busted out, they were boarded up and the front door was boarded up," said Snippert. "It was in severe distress."
However, the home has been completely remodeled and is ready for a family to move in.
"Acquisition on this was around $24,000 through the blighted property process, which included some compensation on the property," said Snippert. "All in, we're about $144,000 with renovations and acquisition costs."
According to Snippert, the property is now listed through realtor Pennington Lines at $179,999.
"To date, we've acquired 191 properties in the six and a half years in the existence of the Erie Land Bank," said Snippert. "We've sold 21 properties for rehabilitation and reuse."
Meanwhile, nearly 120 of the properties have been demolished.
"Right now, to acquire a property is around $3,000 and demolition is around $8,000," said Snippert. "We're around $10,000 to $11,000 in acquisition and demolition for each property."
Those efforts, are part of the city's $3.4 million dollar investment towards blight mitigation.
"The goal moving forward is to use this as an example and to continue to find properties that either the land bank can do like this one, in house, get the rehabilitation done and get it back in the market, but also work and try to find other developers and try to add them into the cause to help us double down on this, and move it as quick as possible and work block by block to improve and revitalize Erie neighborhoods." said Snippert.