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A Superior Court judge ruled that nonprofit Tenants' Development Corp. can reclaim ownership of its affordable housing units for hundreds of residents in the South End. But his ruling states that the group must pay "exit taxes" for investor Alden Torch.
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.
A federal judge in Seattle on Tuesday dismissed a lawsuit brought by an investment firm against the Washington state housing commission, in a case that’s been widely watched by housing officials in Massachusetts and around the country.
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...