Buffalo, NY

Housing Opportunity Strategy

Buffalo, NY

Housing Opportunity Strategy

Buffalo is one of America’s great cities—and one of its most challenged. Important neighborhood and housing issues have gone unaddressed or poorly addressed for decades, creating an environment today where a resurgence of civic price, development activity, and vitality in parts of Buffalo are juxtaposed with some of this country’s largest concentrations of distress and neglect.

czb arrived in Buffalo in 2016. Over the course of nearly a year, we worked to give stakeholders a clear understanding of the housing problems that Buffalo is trying to solve, how those problems differ between markets within the city, and how those differences should influence the actions of the city and others who intervene on behalf of healthier and more inclusive neighborhoods.

Our report for Buffalo is an elastic decision-making tool designed to accommodate the ever-shifting landscape of real estate markets, demand, pricing, private sector risk tolerance, and public sector fiscal capacity.

  Team Members: Peter Lombardi, Charles Buki, Karen Beck Pooley

  Services: Housing Analysis, Visioning, Facilitation, Steering Committee Guidance, Private Sector Engagement

“How can Buffalo create a full, healthy housing market that gives households at all income levels mobility and options?”

Population

households citywide live on less than $20,000 per year

residential structures evaluated

%

of residential properties are in good or excellent condition

%

Share of sub-markets with average sale prices below $90,000

Median home value of all owner-occupied homes in Buffalo

Assessment & analysis.

Using proprietary methods, czb performed a marketability and condition survey of all residential structures in Buffalo and put the data through a rigorous analysis that helped us clarify the city’s challenges, identify the city’s sub-market types, and understand the implications that conditions in each type have on decision-making in an environment with limited resources.

Buffalo

Achieving clarity.

The key first step in any intervention is to have a clear reason for doing so. The “why” question—almost never asked, much less fully answered—was the basis for our work in Buffalo. We helped stakeholders at the neighborhood, civic, and non-profit levels achieve the clarity needed to think critically about the issues being confronted, goal attainability and sustainability, and the act of investing public resources in solutions.

Buffalo
Buffalo

Housing Opportunity Strategy

czb’s report for Buffalo was released in December 2017 and identifies current conditions, trends, and critical issues. But most importantly, it provides stakeholders with a guide and toolkit they can use as they make crucial decisions going forward.

Our plan outlines five principles that leaders can use to guide action in a complex housing market and an outline of outcomes to pursue in each of the city’s five market types. As the city considers which intervention tools to maintain, which to adjust, and which to invent, our report provides them with guidance they can use to consider these interventions and ensure that they are aligned with the city’s market conditions and the values of its citizens.

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czbLLC

2018, czbLLC. all rights reserved.