Friday, February 20, 2015
REVIVE: FACADE FINISHES AT COLUMBIA HOUSING
This building is going to be for people that were due to participate in the Tenant Interim Lease apartment purchase program had Columbia not moved into the area. This program allowed renters to buy their apartments from the city (the city took ownership in these buildings due to tax liens which often needed a lot of repairs. Because Columbia wanted these properties for their campus expansion- they offered to relocate these residents into a new building at the University's expense. In essence, these people will be Co-op owners in a newly constructed building- though the incomes required to buy will be restricted.
Read more about this development in our original story from 2012: LINK