Affordable Housing Preservation


Across the country, hundreds of thousands of existing scarce affordable housing resources are at risk of loss. In tight rental markets, conversion to market rate use threatens the stock as use restrictions and subsidy contracts for privately-owned, federally-assisted multifamily housing units expire. In weak markets, disinvestment and deterioration pose the greater threat. In either case, transfer of ownership to a non-profit preservation entity that will stabilize, rehabilitate, and recapitalize the property is the best means to preserve long-term affordability.

Preserving existing affordable housing plays a critical role in creating mixed-income communities and alleviating the pressures of displacement for low- and moderate-income residents. Our affordable housing preservation work takes a variety of forms depending on local needs and opportunities. In Boston, TCB has worked with tenants to prevent conversion to market rate use and avoid displacement of residents.

In Worcester and New Haven, TCB purchased troubled properties, stabilized occupancy, and raised management standards, saving existing stock from a downward spiral of neglect and deterioration. In Pittsburgh and Indianapolis, we are redeveloping large distressed housing, restructuring existing subsidies in innovative ways to support demolition and rebuilding at lower densities. These are just a few examples of our extensive and ongoing work in assisted housing preservation.

Featured Affordable Housing Preservation


For further information on our Preservation activities, please contact:

Mecky Adnani
Director of Development, Preservation
The Community Builders, Inc.
95 Berkeley Street, Suite 500
Boston, MA 02116-6240

Development Highlights

Featured Project

Fairlawn Marshall - Washington, DC
Fairlawn Marshall