Keeping Bad Property Investment Out Of Your City

A new report from PolicyLink presents strategies for keeping out bad land investment, such as when buyers "mothball" the property -- holding on to it without improving it -- bringing down the quality of the community.

1 minute read

June 4, 2010, 10:00 AM PDT

By Tim Halbur

Willy Staley at Next American City explains the report:

"The report identifies 36 specific strategies grouped into three broader approaches. The first approach is to encourage 'homebuyers and responsible investors to buy and fix up foreclosed properties'; the second describes how local governments and nonprofits can 'strategically [take] control of foreclosed properties'; and the third describes local policies that can hold 'property owners responsible for property condition.'"

FULL STORY: When Investment Is a Bad Thing

Wednesday, June 2, 2010 in Next American City

Community / Economic Development Housing United States Housing Investments

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