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LIHC Investment Group donates ownership stake in Close Building to Just-A-Start Corporation

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Boston, MA  LIHC Investment Group, one of the nation’s largest owners of affordable housing, has donated its ownership stake in the Close Building to Just-A- Start Corporation , a community development corporation focused on the preservation and expansion of affordable housing opportunities in Cambridge and nearby communities. “Just-A-Start has been an invaluable partner in the Close Building, and under their stewardship the property will be preserved and maintained as affordable housing for tenants and the community for generations to come,” said Andrew Gendron, principal, LIHC Investment Group. “Quality, affordable housing is the foundation of healthy neighborhoods and this donation will allow Just-A-Start to continue and expand its mission in a very tight housing market .” “This generous donation assures the preservation of this property as affordable housing,” said Deborah Ruhe, executive director of Just-A-Start. “We will leverage this donation to support renovations and upgra...

GUEST COMMENTARY: ‘Be fair’ regarding short-term rentals

Balancing the needs of the residents who live here and the tourists who come to visit requires political will and leadership. After years of discussions and failed proposals, it’s time for clarity on an issue central to San Diego’s housing and tourism markets — short- term vacation rentals . Through a March 15, 2017 memo, City Attorney Mara Elliott opined that short-term rentals are illegal under the current City zoning laws . The City is now awaiting regulatory guidance from the City Council before taking any action to enforce the City Attorney ’s memo. My proposed regulatory framework respects the rights of property owners, upholds current zoning laws and creates a workable compromise. I will present a draft ordinance for community review at a public Town Hall meeting 6 -7:30 p.m. on Wednesday, Aug. 30, at the La Jolla Community Center . My proposal protects the rights of homeowners who wish to participate in home sharing by renting out a room in their home to help make ends me...