Arrangements in which LIHTC tenants share in the development’s financial benefits, or become partial or full owners, are rare—but some properties have pulled them off. This scan of several examples shows the possibilities—and the conditions needed for them to succeed.
Shelterforce checks in on three communities that have passed policies giving tenants and nonprofits first dibs on purchasing property. Are these policies keeping residents in their homes?
As cities across the country consider giving tenants the right of first refusal, municipalities must be meticulous in crafting policies that preserve and expand tenants' ability to form housing cooperatives.
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?