A Brief Review of State and Local Preservation Purchase Laws

This NHLP Housing Law Bulletin article is from Nov.-Dec. 2006. Many state and local governments have recently begun to allocate more of their own resources or other funds within their control (usually, bond financing and tax credits) to meet affordable housing preservation needs, as well as undertaking other regulatory preservation initiatives, such as improved notices. This article and the accompanying chart provide a brief summary of these state and local laws.