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Advocates Worry Blackstone Sale Will Take Affordable Housing Crisis From Bad to Worse
The planned sale of 66 apartment buildings to the New York-based Blackstone Group highlights both the vulnerability of naturally affordable housing and the lack of requirement for owners to notify local governments of plans to unload properties.
The Doriana Apartments in southeastern San Diego are among the apartment buildings being acquired by the Blackstone Group in a pending sale. / Photo by Adriana Heldiz
The Conrad Prebys Foundation, a charitable organization, shocked affordable housing advocates last week when it announced that it would sell 66 apartment buildings to a private equity firm. ....

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