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Date: April 29, 2024 Mon
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Results for economics and crime (washington, dc)
1 results foundAuthor: Cahill, Megan Title: Foreclosures and Crime in the District of Columbia, 2003-2010 Summary: The continuing high foreclosure rates experienced nationwide are a central factor in the current economic crisis. The volume of foreclosures in Washington, D.C., which is relatively low compared to many places in the United States, rose steadily from 2006 through 2009 (see figure 1) and dropped off in 2010 (with enactment of the D.C. Foreclosure Mediation Law that year; see sidebar). Foreclosures can have detrimental effects on neighborhoods, contributing to higher levels of disorder and crime. This brief explores the relationship between foreclosures and crime in Washington, D.C. If foreclosed homeowners leave a property and the bank, as the new owner, is unable to sell it immediately, the house is left vacant. Vacant houses that are not kept up are likely to become eyesores, with overgrown lawns and deteriorating physical conditions, sending the message that the house is not cared for, and that the neighborhood tolerates such conditions. Abandoned properties are particularly susceptible to drug-dealing, gang activity, illegal dumping and arson. Details: Washington, DC: District of Columbia Crime Policy Institute, Urban Institute, 2012. 5p. Source: Brief No. 12: Internet Resource: Accessed on January 26, 2012 at http://www.dccrimepolicy.org/images/DCPIBriefForecl01182012_Large_1.pdf Year: 2012 Country: United States URL: http://www.dccrimepolicy.org/images/DCPIBriefForecl01182012_Large_1.pdf Shelf Number: 123783 Keywords: Economics and Crime (Washington, DC)Housing ForeclosuresProperty CrimesVacant Properties |