Preservation of At-Risk Units

The City maintains more than 1,500 units of rental housing affordable to seniors, families, and individuals earning lower incomes. The City is committed to preserving its stock of affordable housing, some which is at risk of conversion and/or needs significant renovation and improvement. Over the past decade, the City has preserved the majority of its housing through 2025 through the issuance of multifamily revenue bonds and active City assistance. As of 2008, only two projects totaling 186 housing units are still at risk of conversion. Neither project has filed a notice to terminate their Section 8 contracts. As the City remains committed to preserving its affordable housing, the City will monitor the status of the projects, provide technical assistance, and consider appropriate actions should these projects become at imminent risk of conversion.