Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk
Charles Clark moved to Boston’s South End when he was a young musician, just getting by. Forty years later, he lives in the same historic brownstone, even as rising wealth has pushed many people out of the neighborhood. He’s stayed thanks to a nonprofit that’s kept a few hundred apartments like his affordable. Tenants’ Development Corp. is one of the oldest groups of its kind in the nation, protecting the rights of renters — many of them families of color and seniors. But now, TDC and its residents are facing the fight of their lives, as a Denver-based investment firm battles for co...