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City, bidder owe community a deal


POSTED: 01:30 a.m. HST, Jan 09, 2014

~~<p>The benefits from the sale of the city-run affordable housing complexes are clear: It would maintain a critical stock of housing units for low-income renters for the long term, while ending the city's deficit from running them. And it would provide additional funds for homeless housing support and other city needs.</p>
<p>So there's some measure of hope in the fact that the deal with the prospective buyer, Affordable Housing Partners LLC, is still alive despite predictions of doom, and that the administration of Mayor Kirk Caldwell might achieve those gains in the end.</p>
~~

The benefits from the sale of the city-run affordable housing complexes are clear: It would maintain a critical stock of housing units for low-income renters for the long term, while ending the city's deficit from running them. And it would provide additional funds for homeless housing support and other city needs.

So there's some measure of hope in the fact that the deal with the prospective buyer, Affordable Housing Partners LLC, is still alive despite predictions of doom, and that the administration of Mayor Kirk Caldwell might achieve those gains in the end. Login for more...



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