Director / Editor: Victor Teboul, Ph.D.

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Can 'Land Banks' Help Rebuild Post-industrial US Cities?

When Jamil Bey wanted to move back to the Pittsburgh neighborhood where he had grown up, he found the perfect house to buy. There was just one problem — a fall in property values on that street had left the owners trapped in negative equity. Unable to agree on a price that would allow the sellers to pay off their mortgage, Bey realized he would not be able to buy a house in his old neighborhood — and that the owners would be stuck with a property they did not want. Across the United...

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