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Expiring Use Crisis
The problem of rising rents is compounded by mortgage prepayments
or project-based, subsidy contract non-renewals of thousands of
affordable rental housing units built between the 1960s and 1980s.
These units were built or purchased with mortgage contracts which
guaranteed that the units remain affordable to low-income tenants
until their terms came due. Recently, however, owners have been
seizing the opportunity to pre-pay or allow subsidy contracts to
expire, so that they might rent units at the higher market rates.
GBLS has identified some 6,500 low-income housing units in Boston
that would be affected by this trend before the year 2005. The key
to preserving units in developments which are at risk is to act
before the mortgage prepayment or subsidy contract non-renewal
occurs. Many tenants, however, are unaware of the risk they face and
are thus powerless to address the situation. GBLS has developed an
extensive list of all the at-risk developments in Boston and the
expiration date of each development, and is applying its legal
expertise to help tenants preserve affordability.
In recent years, GBLS has represented tenants in a number of
expiring use/expiring Section 8 contract developments, defending
tenants in evictions, negotiating with landlords, and providing
legal assistance to tenants working to preserve their developments
as permanently affordable before mortgage prepayment or Section 8
contract expiration. Recognized as a national leader in the fight to
preserve these developments, GBLS has achieved consistent success
negotiating with land owners and empowering tenants to advocate on
their own behalf.
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