About 8,830 residents cast ballots for
mayor, about 24 percent of the city's 36,373 registered voters.
Camden residents
average home assessment is $29,000, one tenth of average area assessment.
Under the
the city is not allowed to
raise its tax rate until 2012. New homebuyers do not have to pay
property taxes for the first five years of ownership. Poverty rate statewide: 8.2% Camden: 32.8% The
unemployment rate is three times the New Jersey and national average.
Per capita income in the city is under $10,000, a mere 40 percent of the
figure in neighboring suburbs.
46.5%
of all persons are twenty-five years of age or younger.
African Americans (53%),Hispanic groups (38.8%),white ethnic groups
(15.7%),Asian citizens (2.5%). Over 45% receive some form of public
assistance. While in the second richest state The City of Camden
has the highest poverty rate in the United States, and consistently ranks at the
top as most dangerous.
However, two key parts of the city, downtown and the expansive, and mostly
abandoned industrial warehouse district Ferry. Ave. PATCO
Light Rail LINE station area are virtually resident free, (meaning little
displacement and inconvenience for residents due to development) and geographically
isolated from crime. These two areas are ripe for visionary New Urbanist
and Transportation Oriented Developers with an eye for value. Yorkship Village,
a third area, " is a lively mixed-use central square, with a graceful
interconnecting street pattern. In a city with extreme levels of poverty and
unemployment, Yorkship Village endures as a humane place to live." Yorkship
Square already has all the elements of New Urbanism in place, a brick
neighborhood built to last in 1917. However, the social situation in the
neighborhood portends every classic point of potential friction for
gentrification. If the social and class issues can be ameliorated, from a design
point of view,Yorkship Village in the Fairview section is ready for Urban
Pioneers and regeneration now. An abundance of infill development opportunities
exist in the form of vacant lots, abandoned buildings and homes.
The state offers
strong incentives to offset perceived risk premiums. City administration,
until recently was notorious for corruption and incompetence.
U.S. Attorney Christopher Christie and Gov. Corzine have achieved the seemingly
impossible: Ridding Camden of the corrupt and instituting professional
administration. Though various loose ends are still being tied, and the upcoming
trials of Camden's disintegrating oligarchy are hot in the news, now is the time
to join pioneering New Urbanists like Carl Dranoff and Yaromir Steiner, and plant
your flag in Camden. With a population of 80,000, Camden is not densely
populated. In the 1950's, Camden's population was 125,000. If you are as bold as
Dranoff and Steiner, and have a good sense of market timing, consider Camden.
Now is the time for Camden, now is the time for you.
Photos
of Camden, NJ
Demograhics
Regardless
of your income level, you should know about these financing opportunities for
becoming a homeowner in Camden, New Jersey. Join the exciting, economically
sensible and Eco friendly international movement back to urban cores.