Articles Tagged “lottery”

  • Group Seeks Condo Lottery Bypass, Raise Funds for Affordable Housing

    Group Seeks Condo Lottery Bypass,
    Raise Funds for Affordable Housing

    by Luke Thomas on Feb 02, 2012 | No Comments

    The City instituted a curb on condo conversions in response to increases in “no fault” tenant evictions, limiting conversions via a lottery to 200 per year. Currently there are 2,391 homeowners waiting in line for their chance to convert their tenancy-in-common mortgages into less costly and restrictive joint tenancy instruments.

    Posted in News, Politics