Using New Markets Tax Credits to Mitigate the Impact of Foreclosures on Communities
March 18, 2009
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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