A new law aiming to preserve thousands of deed-restricted affordable housing units in San Diego is heading for a final approval by the City Council.
The proposed law, known as the Deed-Restricted Affordable Housing Ordinance, would require the owners of apartment buildings with units that are deed-restricted for low-income and moderate-income residents to notify the city and affordable housing developers if the property goes on the market.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
