Member of the reality-based community of progressive (not anonymous) Massachusetts blogs
Had to bring this up because, y’know, I hate poor people and immigrants. Oh, throw in kittens while you’re at it. JACK HATES KITTENS!!!!!
LOWELL — In order to help fulfill its pledge to keep Westminster Village largely affordable housing, the new owner of the 432-unit apartment complex on Pawtucket Boulevard is offering cash incentives for some of the higher-income residents to move out.
Westminster Preservation, L.P., which was able to acquire and rehab the apartment complex with a $45 million loan from MassHousing last year, sent letters early last month to residents offering to pay them $5,000 in a one-time cash payment, plus $1,000 in moving expenses, if they leave Westminster by the end of March.
To be eligible, residents’ income had to be above 60 percent of the area median income.
One of the stipulations of the MassHousing loan was that 412 of the 432 apartments remain affordable to low-income persons. The owner pledged to keep the other 20 units market rate.
To help meet that low-income requirement, the owner secured a 20-year renewal and extension of the Section 8 housing-assistance payment contract at the property from HUD. The federal agency provides funding for Section 8 tenants — who are low-income, elderly and disabled — to live in privately owned facilities.
Lowell is treading water this way. Maybe we would go under without it?
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