Civic
Civic
San Francisco Public Press & KSFP, Mel Baker
To preserve affordability, nonprofits buy housing
29 minutes Posted Dec 7, 2019 at 2:44 am.
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In San Francisco's superheated market, displacement pressures are intense and affordable housing is in high demand. The San Francisco Community Land Trust pioneered a method of keeping people in housing they can afford: Buying small multi-unit buildings and turning them into cooperatives. Bruce Wolfe, president of the land trust's board, explains how the method works and how it has evolved.