Good question. The public agency, the Housing Opportunity Commission, is the majority owner of this project so the private developer partner can’t change the affordability or sell without the HOC’s approval. So it’s a different arrangement than requiring an affordability period from a private owner.
Good question. The public agency, the Housing Opportunity Commission, is the majority owner of this project so the private developer partner can’t change the affordability or sell without the HOC’s approval. So it’s a different arrangement than requiring an affordability period from a private owner.