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Bay City Housing Commission outlines plan to transfer 193 public-housing units to nonprofit, pledges tenant protections
Summary
The Bay City Housing Commission presented a plan to convert the remaining 193 public-housing units to nonprofit ownership to access additional financing; officials said current tenants would keep existing assistance and recertification requirements, and deed restrictions would preserve affordability.
The Bay City Housing Commission on Dec. 1 told the City Commission it plans to finish a long-running “repositioning” that would move 193 public-housing units into a nonprofit-managed portfolio to access grants and other capital not available to a public housing authority.
A Housing Commission representative described the move as the final step in a reorganization begun in 2015 that already converted most of the authority’s inventory to multifamily programs. The presenter said the transfer is not a sale for profit — “there’s no money in this transaction,” he said — and that the housing authority will cover…
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