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Community revitalization plans
Existing research has found that states are increasingly prioritizing areas of high opportunity when allocating funds for affordable housing development and preservation, resulting in increases in the share of low income housing tax credit projects being built in low-poverty neighborhoods. However, many states also incentivize projects in qualified U.S. Census tracts that contribute to concerted community revitalization plans. There is, however, no standard definition of what constitutes a good community revitalization plan. To what extent do housing finance agencies incentivize projects in areas with community revitalization plans, particularly relative to opportunity areas? How do housing finance agencies evaluate the quality of community revitalization plans? How closely do those evaluations align with other common measures of plan quality, plan implementation, and community revitalization?

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