Property owned by a housing agency must be used for affordable housing
What the document says“That any property owned by the public housing agency shall be used to replace, create, preserve, improve, or expand affordable housing supply, including as part of mixed use developments, and no conversion under the Rental Assistance Demonstration shall be used for sporting, private, or for-profit purposes”
The section adds a proviso requiring that property owned by a public housing agency be used to replace, create, preserve, improve, or expand affordable housing supply, including as part of mixed use developments, and barring a conversion under the demonstration from being used for sporting, private, or for-profit purposes, other than uses that maintain or expand housing supply and may draw on an affordable housing tax credit or other housing affordability program.
What the document actually says“That any property owned by the public housing agency shall be used to replace, create, preserve, improve, or expand affordable housing supply, including as part of mixed use developments, and no conversion under the Rental Assistance Demonstration shall be used for sporting, private, or for-profit purposes”
Land a housing agency owns must serve affordable housing. It can replace, create, keep, improve, or grow it. A conversion may not be used for sport, private gain, or profit.
Mixed use means homes and shops in one place. That is allowed. So is a project that keeps or adds homes using a housing tax credit.
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