Tag: limited-equity co-ops
Versions of a law known as the Tenant Opportunity to Purchase Act are being proposed across the country—in places like New York, Massachusetts and California. Could giving tenants a first right of purchase further protect renters?
“We could use some gentrification here.” Let's never say this—we must refrain from debating the long-term likelihood of gentrification in distressed places.
For Section 8 recipients, a step toward economic mobility (and community control) can be limited-equity cooperatives. A Section 8 voucher can be used to pay some of the monthly carrying costs of a co-op unit.
Federal programs and cultural attitudes that helped launch a majority of the large limited-equity co-ops across the nation are long gone, but at a smaller scale, this model of resident-controlled, long-term affordable housing may be experiencing new interest.
The Clinton neighborhood, also known as Hell’s Kitchen, sits in the western middle of Manhattan. From the urban disinvestment of the 1960s through the...