Using New Markets Tax Credits to Mitigate the Impact of Foreclosures on Communities
March 18, 2009
The author presents an overview of what is being done and offers community development practitioners’ ideas about how to refine and strengthen the federal program. One example: change the program to allow a separate, additional allocation of tax credits for the purchase and resale of foreclosed property in low-income areas.
About the Authors
Anna Afshar Steiger,
Federal Reserve Bank of Boston
Email: Anna.Steiger@bos.frb.org
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