The Huntington Place article in the Star Tribune reflects the battle to preserve affordable housing. It also exemplifies the resilience, strength and commitment affordable housing providers need to have in today’s industry.
Aeon stepped up to preserve Huntington Place’s 834 homes as affordable when they were at risk of displacing residents through a sale in 2020. Managing the displacement of low-income community members was what created Aeon as a nonprofit organization back in 1986.
We retain our commitment to the preservation of Huntington and have worked hard to find an owner who is similarly committed to retaining Huntington’s affordability covenants, which extend to 2050.
We’re proud of our teamwork with the residents, as well as the city, county, state, and lenders to get to the point where Huntington’s homes could be preserved by an owner with more capital to bring these homes to the next level. We at Aeon respect today’s residents of Huntington and we want the very best for them.
Read the full article here.
