Silk Purse acquisition — $3 million request
Summary
CRHA wants $3 million to buy 11 properties with 13 deeply affordable units from landlord Jeremy Kaplan's ~70-parcel portfolio, mostly in Tenth and Page and Venable. Rents run about $1,500 below market and the units can't carry a conventional loan.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 9, 2026.
Impact analysis
$3 million from the city, with possible minor rehab costs on top.
The 13 households living there keep their below-market rents; the city preserves affordability without building new.
Mentions & discussions (1)
Related development
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