Organizer: Local Initiatives Support Corporation (LISC)
Blighted neighborhoods are often trapped in a cycle where low property values prevent the construction and renovation of homes. Declining homeownership rates, property abandonment, the erosion of family assets, and concentrated poverty are too often the results. We’ll examine programs that have broken that cycle by making it possible for low- and moderate-income people to buy and rehabilitate single-family homes. In addition, we will take a look at the Neighborhood Homes Investment Act, a proposed tax credit that would facilitate loan and investment capital to rehabilitate distressed single-family for-sale homes in communities characterized by blight and disinvestment.