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Community Development Enterprise

Beware of Wall Street Schemes on Redevelopment

August 1, 2014 By Murtaza Baxamusa

Civic San Diego's HQ, 401 B St.With the demise of redevelopment in California, some cities are looking for creative ways to stay solvent. One idea is to leverage New Market Tax Credits (NMTC) to buy properties and become landlords. This acquisition fund concept was recently adopted by Civic San Diego (CivicSD), a nonprofit corporation that is a consultant to the city of San Diego on the wind-down of redevelopment.Continue Reading Beware of Wall Street Schemes on Redevelopment

Filed Under: Affordable Housing, Feature Posts, Planning, Revitalization, San Diego Tagged With: Affordable Housing, CCDC, CDBG, CDE, Community Development Block Grants, Community Development Enterprise, New Market Tax Credits, NMTC, redevelopment, revitalization, smart growth, urban renewal, urbanism

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