Uptown in the News
March 19, 2004
In 1993, the owners of Carmen-Marine Apartments in Uptown planned to sell their 300-unit building, home to many people receiving federal housing subsidies. The tenants secured a $22 million low-interest federal loan. They bought the building, fixed it up and created a cooperative. That federal loan program is no longer funded by Congress.
Housing activists are pressuring the state to adopt legislation similar to that formerly available from the federal government.
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