Housing Experts Caution Local Governments on JPA Proposals to Convert Luxury Apartments to Government-Owned Middle-Income Housing
The California Housing Partnership joins CSG Advisors and HR&A Advisors, Inc. in highlighting the urgent need for local governments to carefully weigh the potential pitfalls and opportunity costs associated with using property tax exemptions to finance the conversion of luxury apartments into government-owned middle-income housing in California. Joint powers authorities (“JPAs”) acting on behalf of profit-seeking private investors have been asking many local governments across the Read More
