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.”

