Are you familiar with the term “Poor Door?”

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CondominiumsThe term “Poor Door” has been recently used in articles reporting on mixed-income developments in several major cities – New York City, Washington DC, and Los Angeles. The “Poor Door” refers to a separate entrance for the property’s subsidized tenants, and has been proposed by some developers (some successfully and some not successfully) when required to add affordable units to market-rate projects in order to increase site density. The term and concept have sparked quite a bit of controversy, not surprisingly.

We thought you might find the pieces linked below interesting. Have any of you had any experience with this issue?

 

Topics:  Affordable Housing, Housing Market

Published In: Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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