RentalRescue is one of the more intriguing organizations working to preserve existing affordable homes. Led by Krystal Valencia, RentalRescue buys for-profit apartment buildings with affordable rents, to preserve them at their existing rents. This saves buildings from being purchased by landlords intent on evicting affordable-rent tenants to raise the rent and maximize profits.
With financing from First Ontario Credit Union, RentalRescue bought its first building, with eight units, last July. It manages buildings it buys with the intent to turn them over to non-profit housing providers to operate them as permanently affordable. You can learn more about its campaign through a webinar on April 8, 3-4:30. Register here: https://www.eventbrite.com/e/saving-housing-campaign-webinar-tickets-1269023947789?aff=eemailordconf&utm_campaign=mandatory_questions_reminder_PUR1&ref=eemailordconf&utm_medium=email&utm_source=eventbrite&utm_term=viewevent