Federal lawmakers discussing ways to tackle affordable housing crisis amid surging rent prices
“Experts say one policy solution involves creating more land banks, which are public groups that work with neighborhoods to turn rundown lots into quality homes.
‘Land banks can maintain vacant structures tax free until they can be restored. They can demolish those that can’t and identify end uses driven by community needs, not outside speculators,’ said Dr. Akilah Watkins, President and CEO for the Center for Community Progress.”