Word: neuwirth
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Dates: during 1980-1989
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...building's current tenants will becomeco-owners of the rehabilitated structure, saidJack Neuwirth, director of Real Estate for theRiverside/ Cambridgeport Community Corporation,which joined city officials in overseeing theproject...
...Neuwirth said the plan is one of the few waysto rehabilitate buildings that are "literallyfalling apart," without evicting low-incometenants. He said buildings usually find wealthiertenants after renovations because the improvementsincrease rents...
...families will hold equal shares in thebuilding under a limited equity co-op plan,Neuwirth said. Tenants leaving the building mustsell their shares in the building to theirsuccessors for a fixed amount that Neuwirth saidwould remain "affordable...
...will remove the six units from rentcontrol regulations, but the building will returnto rent control if the tenants break the co-opagreement. Neuwirth said this arrangement is not"a way around rent control" because it continuesto ensure that the price of the six units is keptlow
...Jessica Neuwirth is a third year student at the Harvard Law School