Stay updated with breaking news from Loveall price. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A Boston nonprofit is battling in court with an investor that wants to sell off low-income housing for profit. It's a story that's playing out across the country. ....
Valley News - Column: Vermont's affordable housing effort is at an important crossroad vnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vnews.com Daily Mail and Mail on Sunday newspapers.
Kim Loveall Price, center, director of a nonprofit that operates Ashwood Court, a low-income housing complex in Bellevue, Wash., talks with residents Susanne Sherman, right, and Joyce Hansbearry. Credit: Courtesy of Mike Seigel for WBUR. Financial wrangling over federal low-income housing program rules affected a Bellevue property May 03, 2021 A series of legal battles are being waged in courts around the country over a decades-old federal program designed to protect affordable housing. Private firms are now trying to leverage it for profit. Thatâs putting the future of secured housing for low-income families in doubt. It s having a big impact in the Puget Sound region. WBURâs Senior Investigative Editor Christine Willmsen has been reporting on the issue. She told KUOWâs Kim Malcolm whatâs going on. ....
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 control of 36 of the nonprofit’s properties. It’s a tactic Alden Torch Financial and firms like it are using to squeeze extra profits out of the federal government’s chief program for backing low-income housing, according to court cases in multiple states and interviews with more than 20 housing and legal specialists. ....