Photo: Branden Skeli | Unsplash
The nonprofit, Asian Community Development Corporation, purchased a six-story building in Chinatown, located in Boston, Massachusetts. Their aim is to maintain affordability for the people who currently live there. Angie Liou, the executive director of ACDC, said the group did not want to see the residents displaced. "It's very challenging for immigrant workers who might not speak English well, who are not familiar with navigating the local systems, they really need to stay in Chinatown, but they can't afford to," Liou said. All current residents' tenancy will be protected, and future residents will be required to meet the income restriction of 30 to 80 percent of the area median income. The ACDC plans to purchase other properties as well. Liou said it's a strategy known as "naturally occurring affordable housing" that's taking off in other high-cost cities, such as San Francisco.
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