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10/08/2024 09:16 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20150&cosponId=17159
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House of Representatives
Session of 2015 - 2016 Regular Session

MEMORANDUM

Posted: February 2, 2015 04:30 PM
From: Representative Judy Ward
To: All House members
Subject: Deteriorating Property Revitalization Cosponsorship
 
I will soon be introducing legislation that encourages mixed use redevelopment of blighted and abandoned properties.

This legislation allows developers and property owners to receive a tax abatement incentive once they apply and are approved to rebuild upon an abandoned or blighted property or in a deteriorated area.

In my bill, properties must fulfill specific requirements, such as being a “deteriorated property,” correcting all code violations, conforming to zoning requirements and increasing the property value by at least twenty-five percent.

The incentive program is broken down into yearly increments of tax abatements. Once the ten year mark is hit, the property is assessed and taxed for its full value including increased property value. To ensure that future purchasers are prepared to pay the full tax rate once the ten years is up, developers must submit a “good-faith” estimate when they apply to improve a property. This will make consumers aware of what they will be paying in future years, all the while allowing developers to estimate and organize their own expenses for improvements.

If zoning ordinances permit mixed-use development, developers must improve and rebuild properties that align with mixed-use zoning.

Mixed-use is a viable step in the right direction to eliminate suburban sprawl, decrease greenhouse gas emissions from automobile use, support urban health through the creation of “walkable” areas, and strengthen economic and community development by encouraging a “live and work” environment for consumers. With the shifting generational changes, cities are becoming more popular than traditional suburban living. Thus, it is imperative for mixed-use development to be a focal point for re-development.

Thank you for your consideration of this proposed legislation.




Introduced as HB613


Memo Updated: February 2, 2015 04:35 PM