ABSTRACT

Contemporary urban revitalization utilizes experimental concepts that are built by pioneering developers and result in innovative models that could potentially serve to educate future developers. Civic engagement, proactive efforts by governments, advocacy groups and real estate developers to communicate effectively with local residents and workers has become a new standard for urban redevelopment. Working with a community to provide a range of housing, including for the low income, has become an all but mandatory hallmark of successful modern urban redevelopment, but finding subsidies for affordable housing is challenging. Providing housing for seniors and families with limited income has become a critical aspect of social equity in urban redevelopment. Housing subsidy programs are the most often used tools to support provision of affordable housing in today's redevelopment; the most significant federal program today is the Low-Income Housing Tax Credit (LIHTC) program.