Preserving At-Risk Section 8 Properties

August 20, 2011 No Comments

Section 8 projects are a key source of affordable housing in low-income neighborhoods, where many of these buildings are at risk of failing or opting out of the subsidy programs
that keep them affordable. ANHD – in a joint project with the Local Initiatives Support Corporation (LISC), provides data, research, organizing skills and other technical support to our member organizations and citywide groups to fuel their work to preserve federally subsidized Section 8 properties. This includes organizing tenants in at-risk projects, providing support for nonprofit developers to purchase and preserve properties, and promoting policy and legislative reform to encourage owners to remain in the program or transfer the properties to responsible third parties. Our work, in collaboration with other local and city-wide partners, has been very effective. Of the 94 Section 8 contracts that expired in New York City in 2010, only one building left the program.

Preserving At-Risk Section 8 Properties

Sorry, the comment form is closed at this time.