Word: landlordly
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Cambridge voters will almost certainly overwhelmingly approve this first non-binding referendum but what of it? Harvard, the city's largest landlord, and other schools such as Lesley College and MIT are protected from paying property tax on their educational facilities because from the tax rolls. The exemptions are a must if education is to remain at all affordable, officials at Harvard and elsewhere insist...
...saying you're safe, because your landlord is still anxious to sell," Graham told the tenants, adding, "At least it will not be the fault of the housing authority if there are evictions at 11 Everett...
...conservatives do share some basic positions, especially an abiding opposition to government intrusion into the city's housing market. "Rent control (limits on the amount of rent a landlord can charge) ruined the city," Sullivan says. "Properties have not been kept up, there have been absentee landlords and all the rest because people could not afford to maintain what they owned." But, after a decade, he concedes it would be disastrous to scrap the program overnight, favoring instead a gradual program that would decontrol apartments as they became vacant. "It would have to be eased out very slowly," Sullivan says...
Other urban universities have had somewhat better luck with real estate roulette. Columbia University in New York City has become a big-time landlord, with 1,500 apartments for faculty and staff close to the campus and a popular program offering housing loans at 2% below market rates. New York University has helped faculty by renting them apartments, including some in the old Washington Mews, charming by any city's standards...
...University officials do not plan to get out of the real estate game. In fact, most say they are pleased with HRE's performance so far, despite complaints from tenants, city officials, and businessmen that Harvard is one of the worst landlords in the city. Cambridge mayor Francis H. Duehay '55 explains that while Harvard often provides help in commercial development, "the University is not always a particularly good landlord in maintenance." And David Vickery, director of the city's development department worries that despite Harvard's vast financial resources, many of its operating practices are "disturbing...