Demolition bonds aim to prevent ‘tsunami of blight’

Reporter Jennifer DePaul of The Bond Buyer has written a timely piece on a bill introduced by U.S. Reps. Steve LaTourette and Marcia Fudge that would provide $4 billion for states and land banks to issue demolition bonds to raze demolish vacant, foreclosed and abandoned homes across the country to prevent “a tsunami of blight.” Jim Rokakis, director of the Land Conservancy’s Thriving Communities Institute, helped craft the bill and is quoted in the story.