Report: Meeting the challenge of distressed property investors In America’s neighborhoods
Date Published: 10/20/2010
Author: Alan Mallach
Cities across the country, from New Haven to Phoenix, are grappling with a new reality, investors buying large numbers of REO and other distressed properties and renting them out. While responsible landlords can help provide much-needed rental housing, poorly maintained housing and irresponsible owners often trigger seriously destabilizing effects on the blocks and neighborhoods where their properties are located. In this report, Alan Mallach, Senior Fellow at the Center for Community Progress, explores this reality and offers concrete suggestions for how local governments, CDCs and others can encourage responsible investor and landlord behavior through "carrots and sticks," strategic combinations of regulatory pressures and incentives.
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Topics: --Property & Asset Management, --Home Ownership, --Vacant Properties
Type: Case study / model practice, Guidebook, Research paper, Topical report