preserving expiring 202
In Ohio we have two examples of for profit developers trying to 'buy' 202s which have 5-7 years to expirations. Both of these developments are in areas where they may be converted to other uses (one student housing, one comercial/student housing. In one case, developer loaned/donated $500K to a tax exempt non profit. The Board of the non profit then appointed the developer and two of his family members to become the 'new board' of the property. Tenants believe that the 'new board' will run…See More




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