Heirs’ property can result when a property owner dies without a legally recognized estate plan in place. This form of ownership disproportionately affects lower-wealth African Americans. Partners Update examines some recent legislation on heirs’ property in the Southeast.
COVID-19 exacerbates an existing affordable housing shortage in the Southeast, which lacked over a million affordable rental units before the virus outbreak began. Partners Update explores efforts to enact eviction moratoriums under the CARES Act.
Heirs' property is land inherited by the descendants of a previous owner, often one who did not leave a will. Partners Update discusses a comprehensive report on the issues facing these property owners, including the inability to transfer wealth to future generations.
The Atlanta Fed president has coauthored a paper that examines Low-Income Housing Tax Credit housing in Chicago and the potential to create inclusive communities. This Partners Update article summarizes the paper's findings.
The event recognized the 50th anniversary of the Fair Housing Act, discussed its legacy, and explored solutions to racial equity challenges that persist. The Federal Reserve Bank of Atlanta's Community and Economic Development group, Georgia ACT, Georgia State University's Urban Studies Institute, National Fair Housing Alliance, Metro Fair Housing Services Inc., and Atlanta Legal Aid Society cohosted the event in Atlanta.
The authors analyze data on housing costs and supply by household income level. They demonstrate the widespread shortage of housing that is affordable for low-income renters in large metros, small towns, suburbs, and nonmetro areas throughout the Southeast.
Financing affordable housing is a growing challenge in the Southeast. Partners Update discusses the Low-Income Housing Tax Credit (LIHTC) program that supports construction and rehab of affordable housing.
A recent discussion paper examines housing instability and the rise of institutional investors in Fulton County's single-family rental housing. Partners Update discusses the findings and implications for communities and families.
What's behind the increasing rate of tenant evictions across the country? Harvard's Matthew Desmond, author of Evicted: Poverty and Profit in the American City, discussed the lack of affordable housing and shared haunting personal stories from his book at a recent Atlanta Fed event. Learn more in Partners Update.
The city has taken a fresh approach to address neighborhood blight, according to Partners Update. This final article in our blight reduction series looks at Jacksonville's community cleanup and beautification initiative.
Through its RISE initiative—which stands for Remove blight, Increase value, Strengthen neighborhoods, and Empower residents—Birmingham is using its land bank authority to help clear tax delinquent properties and encourage investment. This second Partners Update article in a series explores that effort.
Community prosecution is one method to mitigate crime in a community through a proactive and decentralized approach to problem solving. This first Partners Update article in a series looks at how the city of Dallas is using community prosecution to reduce blight in target neighborhoods.
Blight—or the proliferation of vacant, abandoned, or poorly maintained properties—is a critical issue that cities must address. The authors analyze New Orleans and Macon, which are committed to blight remediation and could become models for other cities to emulate.
Some municipalities are using community development initiatives that capitalize on the strengths of the community and its residents to improve living conditions. But what motivates residents to engage with their local government in the first place? This Partners Update article investigates findings from an Atlanta example.
Though some cities plan to reduce or freeze property tax assessments for long-time homeowners, a recent Atlanta Fed blog suggests that property taxes are not a significant driver of neighborhood change. Partners Update takes a look at the issue.
An Atlanta Fed research paper suggests that prevailing optimism during the housing boom and the resulting decisions made by homeowners and financial institutions were primary causes of the foreclosure crisis. The paper examines what led to some of these decisions and how policymakers might respond in the future.