Challenges of the small rental property sector
AbstractMost rental housing in America is found in small multifamily buildings and this sector provides most of the options for low- and moderate-income (LMI) renters. With a growing wave of investors buying distressed properties in LMI neighborhoods, there are concerns about the ability of investors to properly maintain their investments. The author explores the small multifamily sector and suggests ways that policymakers can move beyond code enforcement and provide a combination of carrots and sticks to incentivize and increase the presence of “good actors."
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Bibliographic InfoArticle provided by Federal Reserve Bank of Boston in its journal New England Community Developments.
Volume (Year): (2009)
Issue (Month): ()
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