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Property Law and Real Estate

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University of Richmond

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2007

Articles 1 - 1 of 1

Full-Text Articles in Law

The Houses That Eminent Domain And Housing Tax Credits Built: Imagining A Better New Orleans, Carol N. Brown Jan 2007

The Houses That Eminent Domain And Housing Tax Credits Built: Imagining A Better New Orleans, Carol N. Brown

Law Faculty Publications

Proposals for investing in and rebuilding urban enclaves such as New Orleans are layered with controversy and difficulty. One of the most significant impediments to rebuilding New Orleans will be addressing the need to replenish the depleted rental housing market. Racial and economic integration of housing markets and appropriate use of private sector money to replenish the rental housing stock within a “reasonable” time period are indispensable components of a responsible revitalization and renewal plan. This Article contends that a combination of the smart exercise of eminent domain and of ”housing production subsidies” – housing tax credits – is necessary …