Affordable Homes Get Big Boost

Durango Herald Online: "Durango Housing Corp. will complete millions of dollars worth of long-overdue renovations for its 300 residents by selling itself to a private group of investors.
More than three businesses will form the Durango Housing Preservation Limited Partnership. The deal is expected to close in early September. After the closing, Boston-based MMA Financial will own 99 percent of the property for at least 15 years. Durango Housing Corp. will retain management rights.
Work began on the 97 apartments in July and should finish next summer. "
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