Both Ward 3 and the City as a whole need affordable housing. Residents have been displaced by the property acquisition by the City. While the real estate boom in Ward 3 has been beneficial, it has also displaced many residents and created difficulties.
The residents are facing difficult times because they no longer have rent increase protection.
The working poor cannot afford to purchase their residences. We need to START with pilot project where they can purchase their apartments with NO DOWN PAYMENT and NO INTEREST for 10 years. After 10 years they would pay extremely low interest. This would give them pride of ownership!