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In the News
Sept. 11, 2024
Rethinking How TIFs Work: Innovative Financing Tool Addresses Blight to Boost Affordable Housing
Urban Land
A new proposal aims to address the ongoing struggle and financial burden of managing the thousands of abandoned homes and vacant properties in the city of Baltimore. In a recent article published by Urban Land, Nelson Mullins of counsel Owen McEvoy provided insight into the financial complexities of the matter. In an excerpt, McEvoy said in part:
“Baltimore has been plagued for 40 years by vacant houses and has struggled to figure out how to revitalize the neighborhoods . . . blighted by these abandoned houses. Scattered site redevelopment, which is required because vacant houses are intermittently located among occupied homes, is the hardest of all redevelopments.”
Professional in the News
Media Contact
Beth Huffman
T 803.255.9788
beth.huffman@nelsonmullins.com
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