UB Demographer: New Market Tax Credits Revitalize Hampden
December 10, 2013
Contact: University Relations
Seema Iyer, associate director of the Jacob France Institute and research assistant professor in the Merrick School of Business, tells The Baltimore Sun that ongoing investments in the Hampden neighborhood—including federal tax credits for adaptive reuse of existing structures—have brightened the economic outlook of the neighborhood.
In an article about the fact that the neighborhood has turned around and thus no longer qualifies for New Market tax credits for major commercial renovations, Iyer says the federal program deserves credit for supporting Hampden's revitalization.
"From a neighborhood perspective, Hampden is definitely one of the neighborhoods that is becoming more healthy," Iyer said. "… We just know that this is what has happened in these areas, but if New Markets tax credits really drove that in this area, then it's a success story."
Read the article.