When investors buy up the neighborhood: preventing investor ownership from causing neighborhood decline

Karen Black, Kalima Rose and Sarah Treuhaft

Community Investments, 2011, vol. 23, issue Spr, 19-22

Abstract: Across the country, communities are struggling with the negative spillover effects of foreclosure. In states such as Arizona, California, and Nevada, an additional concern is the increased number of investors who are purchasing distressed properties. While investors are an important part of a vibrant housing market and can provide high-quality and affordable rental properties, there is a danger that unscrupulous investors are buying these properties without the intent to maintain them or contribute to the health of the surrounding neighborhood. This article, an excerpt from a longer report published by PolicyLink, reviews strategies that local governments can use to prevent investor ownership from causing neighborhood decline.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.frbsf.org/community-development/wp-con ... I_Treuhaft_et_al.pdf Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfci:y:2011:i:spr:p:19-22:n:v.23no.1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Community Investments from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().