City blocks with multiple foreclosed homes tend to experience increases in crime, according to a new report from the New York University Furman Center for Real Estate and Urban Policy.
Researchers mapped every foreclosure in New York City between 2003 and 2010 and then layered crime reports onto the map. They found that “for each property receiving a foreclosure notice, the immediate neighborhood saw a 0.7 percent increase in total crime, a 1.5 percent increase in violent crime, and a 0.8 percent increase in public order crime.”
Neighborhoods with properties that went all the way to auction saw greater increases in crime. In those neighborhoods total crime increased by 1.3 percent, violent crime increased by 2.6 percent and public order crime increased by 2.6 percent.
Researchers suggest that policymakers and community groups develop processes to quickly identify abandoned properties and streamline foreclosures.
Read the report HERE.