Apartment City

by Nena Perry-Brown As DC continues to reckon with its dearth of affordable housing, some laws that passed years ago but were never implemented, are resurfacing. One of those is the Rent Control Amendment Act of 2006. The law amended the original rent control law passed in 1985 to put in place the following provisions: Eliminating rent ceilings and rent ceiling adjustments that haven’t been approved in accordance with petitions; Creating parameters for how much and how often landlords can raise the rent on vacant and occupied apartments; and Requiring that the Mayor issue reports on establishing an income-based set aside program. While rent ceilings have been abolished and the latter provision has arguably been realized through the creation of inclusionary zoning, landlords have long been able to take advantage of the vacant-unit loophole over the years in order to increase profits and remove units from rent control restrictions . story continues below loading... story continues...

Buy Photo The new owner of Creekside Apartments , Rector resident Freedom Hobbs was on site Friday, preparing for tearing down the roof next week, he said. Hobbs will face the same deadlines as former owners Princeton Commercial B Holdings, LLC., according to Mountain Home Mayor Joe Dillard . (Photo: Josh Dooley/The Baxter Bulletin ) Buy Photo Once again, Creekside Village, an abandoned apartment complex , has a new owner, according to a warranty deed filed earlier this month in  Baxter County . The property was sold to Freedom Hobbs, of Rector, from its previous owner, Princeton Commercial B Holdings, LLC, based in Newark, Delaware. The deed was signed on Jan. 5 and filed on Monday. The document lists Quintin King, Princeton Commercial B Holdings national counsel , as the representative authorized to execute the sale on the company's behalf. The Creekside property, located at 105 S. Cardinal Drive, was sold to Hobbs for $175,000. Hobbs, the new owner, was at the Mountain Home c...

HAVERHILL — In addition to receiving state money to construct veterans housing on Washington Street, the city will also be getting state money to renovate the last remaining downtown eyesore . As part of a state award of $72 million in housing subsidy funds and both state and federal tax credits , 62 units of housing will soon be built at 98 Essex St., a structure often referred to as the Chen building. City officials are confident that renovating a blighted building with the new housing will not only raise the values of all nearby properties, but will also make apartments at the nearby Hamel Mills and Cordovan buildings easier to market once they become available. The project is being sponsored by the Affordable Housing and Services Collaborative Inc. of Braintree. The city of Haverhill will also be providing money toward the project. It is one of 25 projects in 17 Massachusetts communities receiving state housing money . Of the 62 prospective units, a majorit...