Viewing a single comment thread. View all comments

buried_lede OP t1_j3n0jwk wrote

Nonprofit actually is nonprofit, but what you mean is it needs to maintain adequate operating funds to sustain its projects and itself. If I’m not mistaken ConnCAT has a for profit arm, which some nonprofits have. Not certain of that though.

Another way to mitigate segregating the poor is to dedicate half the units to lower income artists and/ or entrepreneurs, rather than market rate. It has the same outcome - it expands the cultural gravity and vibrancy of a neighborhood as well as, no, better than monied renters. This is a well known affect of the arts in neighborhoods.

Just an idea I am putting out there for consideration.

0