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KUOW - Financial wrangling over federal low-income housing program rules affected a Bellevue property

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. That’s putting the future of secured housing for low-income families in doubt. It s having a big impact in the Puget Sound region. WBUR’s Senior Investigative Editor Christine Willmsen has been reporting on the issue. She told KUOW’s Kim Malcolm what’s going on.

Miles de inquilinos en riesgo por presiones de inversores en el control de viviendas asequibles

Miles de inquilinos en riesgo por presiones de inversores en el control de viviendas asequibles
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Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk

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.

Suburban Propane Partners, L P Supports California Reforestation Efforts in Partnership with Santa Rosa s Downtown Action Organization + Contract Extension for Renewable Propane Supply

Share this article Share this article WHIPPANY, N.J., April 7, 2021 /PRNewswire/  Suburban Propane Partners, L.P. (NYSE:SPH) a national distributor of propane, renewable propane, fuel oil and related products and services, as well as an investor in low carbon fuel alternatives is pleased to support the reforestation efforts in the North Bay region of Northern California, spearheaded by Santa Rosa s Downtown Action Organization, through a sizable monetary donation.  Peter Rumble, CEO of the Santa Rosa Metro Chamber; Adam Jackson, Suburban Propane; and Sonu Chandi, board member of the Downtown Action Organization and local business owner, stand next to a tree originally planted as part of the Courthouse Square reunification program. Suburban Propane’s donation will help fund the replacement of dead trees throughout a full block of Santa Rosa’s downtown area, set to begin in May. (PRNewsfoto/Suburban Propane Partners, L.P.)

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