Word: hre
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Turk's latest charges come after a long history of bitter fights between HRE and the Harvard tenants groups, with the city council often backing tenants groups. Most recently, HRE's Craigie Arms apartment building on Mt. Auburn St. has been the subject of a rent control controversy which has led the management company to simply take the units off the rental market
...exchange for providing the low-interest loan, the financing authority is requiring HRE to keep one-quarter of the apartments in the building under rent control during the 15 years it will take to pay back the mortgage...
...tenants union has taken its case against the renovations to the Rent Control Board, and the board has repeatedly refused to issue the removal permit that would allow HRE to begin the renovations...
...tenants and HRE are in a stalemate. Harvard can't begin its renovations, but HRE passed an ordinance which makes it illegal for a landowner to keep a rent control property vacant for more than 120 days. That law takes effect on October 1, so Harvard must either remove the property from rent control or return it to the rental market by February...
...other break may come from the courts. The University may file a lawsuit challenging the city's right to prevent HRE from renovating the building...