View Research by Author - Olga Kaganova

More about Olga Kaganova's areas of expertise can be found on this Urban Institute expert's page.

Citation URL: http://www.urban.org/OlgaKaganova

The area of government property asset management is relatively new in public management. Most public wealth is concentrated in public property, and expenses associated with it constitute a substantial part of public budgets. The chapter ventures into two international "hot topics": practical enhancement of public financial resources through better management of property asset and curbing corruption in the historically corrupt area of government-owned property. The chapter provides a conceptual and methodological framework for governmental decision-makers and their advisors and ends by formulating and discussing a number of issues that require further professional and public debate.

The Urban Institute worked with five cities in post-Soviet Kyrgyzstan to apply better management practices through the development of Strategic Land Management Plans. UI worked with local governments to make an inventory of municipal land, publicize the results, and develop a strategy that articulated principles for land management. This led to several improvements including proper registration of parcels and proactive policies to lease and sell land through open competition. It also established a model for determining public policy that countered corruption and public deliberation of costs and benefits in the use of local assets. Donor involvement was also critical to success.

This Baltimore Examiner commentary explains how government agencies and elected officials can make informed decisions about when or whether to sell property and how to set a fair price.

With more cities and states looking to reap new funds from the sale or lease of assets, two experts discuss strategies governments can use to get the most out of each deal.

Governments own a vast array of real property—from large stretches of land to public housing projects, from water distribution systems and roads to office buildings. Typically, management of public property is highly fragmented, with responsibility for each type of asset falling within a different agency or bureaucracy. In almost all countries, different classes of property are managed according to their own rules, often following traditional practices rather than any assessment of what type of management is appropriate. Over the past decade, however, a new discipline has emerged that examines this important component of public wealth and seeks to apply standards of economic efficiency and effective organizational management. Managing Government Property Assets reviews and analyzes this recent wave of activity. The authors draw upon a wide variety of national and local practices, both in countries that have been leaders in management reforms and in countries just beginning to wrestle with the problem. This comparison reveals that the issues of public property management are surprisingly similar in different countries, despite striking differences in institutional contexts and policy solutions.

This study reviews worldwide experience in local public real estate asset management. A primary objective was to demonstrate the relationship between strategic real property asset management and financial and other municipal planning. Two topics—financial implications of municipal real property asset management and public housing asset management—are considered in detail. The report concludes with a set of recommendations for central and local governments and implications for the World Bank.

This report describes the enterprises that have been formed for producing and selling new homes in Russia, their financial arrangements, relationships with municipal governments, and trends in development costs and selling prices. It also describes the integration of submarkets for new and existing housing, and explains the problems faced by private developers in addressing a broader but less prosperous market. The data for this report were drawn from surveys conducted jointly by the World Bank and the U.S. Agency for International Development in seven Russian cities where housing loans were contemplated.

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