A Little Too Tough on Blight?
The City of Chula Vista has a highly successful anti-blight ordinance- so successful that some critics say they may actually be delaying the recovery of the local real estate market.
Since implementing the program, Chula Vista has collected almost $752,000 in fines.
"Initially, some lenders expressed shock at fines that on occasion can exceed $10,000. Officials say the large penalties were necessary to force a change in lender behavior.
Traditionally, cities have waited until lenders have taken formal possession of abandoned foreclosed homes before issuing citations. That can take months in some cases, forcing municipalities to address blight issues on their own. Typically, they remove weeds and drain swimming pools, seeking reimbursement later. Chula Vista has used its measure to place the burden on lenders."
- Login or register to post comments
- Email this page
- Friday Funny: Elected to the House, But Abandoned Her Own - Jun 12, 2009
- Huge San Francisco Redevelopment Project Underway - Nov 19, 2009
- Study Shows Shelter Reduces Costs - Oct 14, 2009
- Anti-Graffiti Coating To Be Required on L.A. Buildings - Oct 04, 2009
- Bank Executive Blasted for Beachfront Foreclosure Parties - Sep 14, 2009















