Surprised that a poli sci PhD would make such a comment. One-quarter of the Tenderloin’s housing stock was purchased/taken off the market starting back in the 1970s and is held in perpetuity for low-income residents. https://www.modernluxury.com/san-francisco/story/arise-tenderloin … https://twitter.com/sahnicboom/status/947310705589485568 …
Does the govt maintain ownership of the land in all cases?
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Sometimes City takes land, leases back to nonprofit; more often nonprofit owns land. In all cases, 55-year regulatory agreements run with the building (and land if np-owned).
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