Lease-to-own program inactive; state law requirements complicate restart
City staff told the committee the lease-to-own initiative is currently not active because of state statute requirements that make prior models unsustainable; staff and partners are exploring ways to adapt while protecting tenants.
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Committee members asked whether the city’s lease-to-own program remains in operation. Carrie Smith, Department of City Development real estate staff, said the program “is not” active in its previous iteration and that recent state statute changes and a new ordinance have made the prior model unsustainable.
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