Neighborhood Homes Investment Act: A Targeted, Bipartisan Tax Credit to Help Communities

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Closing the appraisal gap (i.e., the difference between the cost to acquire and rehab or build a property and its updated market value) could help change the landscape of historically disinvested neighborhoods and provide opportunities for affordable home ownership and wealth building. But how would that work?

Join Community Progress and the Neighborhood Homes Investment Act coalition founder Carey Shea in a discussion with leaders of land banks and nonprofit community developers in Toledo, Atlanta, and New Orleans. These practitioners will share the challenges they face surmounting the appraisal gap in their markets, and how they hope to leverage this innovative federal legislative proposal and proposed targeted tax credit to scale up and broaden the reach of their equitable community development work.

Presenters:

• Carey Shea, Founder, Neighborhood Homes Investment Act Coalition
• David Mann, President and CEO, Lucas County Land Bank (Toledo, OH)
• Christopher Norman, Executive Director, Fulton County/City of Atlanta Land Bank Authority (Atlanta, GA)
• Oji Alexander, Executive Director, Home by Hand (New Orleans, LA)