Preserve rental housing as permanently affordable

Background and context (including, if applicable, where this idea came from):
We’re losing affordable housing to speculators, developers, condo converters. When a house goes up for sale an investor walks in with cash while a nonprofit is trying to pull together the funding to buy it. The developers aren’t building much new housing, public money is scarce, and it’s less expensive to save existing affordable housing than to build new. According to recent statements from the Mayor’s Office of Housing, acquiring existing housing units can cost as little as half of what it costs to build new ones.

The Acquisition Opportunity Program (AOP) gives nonprofits ready cash so they can compete to buy existing housing, keep the tenants in place, and make the housing permanently affordable. Let’s expand AOP funding, keep people in their homes and keep our neighborhoods affordable.

This idea came from residents familiar with preserving affordable housing and with community land trusts at the first assembly and in the housing working groups.

Proposal (including what specifically the money would be spent on):
Prevent displacement and protect existing affordable housing by funding the Acquisition Opportunity Program (AOP) with money from the city’s operating budget to allow more affordable housing developers and land trusts to buy occupied housing and make permanently affordable rental housing.

Pri pwopozisyon an:
tape repons ou isit la

City Department that would implement it (if known):
Mayor's Office of Housing

Valè Bidjè Pèp la (pou referans):

• Otodeterminasyon: Nou konnen sa kominote nou yo bezwen epi nou gen dwa deside pou tèt nou.

• Transparans: Nou aji avèk onètete ak ouvèti pou tout moun ka wè kijan desizyon yo pran.

• Swen: Nou pwoteje youn lòt atravè swen / satisfè bezwen nou yo, pa pinisyon.

• Solidarite: Nou la pou youn lòt. Pa gen youn nan nou ki lib sof si nou tout lib!

• Sajès Kominotè a: Moun ki pi afekte pa desizyon yo ta dwe dirije.

• Byennèt: Nou merite plis pase siviv. Tout moun ta dwe gen sa yo bezwen pou yo viv yon lavi abondan e plen ak kè kontan.

Rapèl: Y ap mande rezidan yo pou yo reflechi sou kijan pwopozisyon yo anfòm ak valè sa yo lè y ap vote nan asanble a nan dat 14 mas la epi pou yo vote pou pwopozisyon ki anfòm ak valè yo.

Ki jan pwopozisyon sa a anfòm ak valè Bidjè Pèp la?
tape repons ou isit la