The Planning Commission approved and accepted the application from the Southwood owners to convert the complex to townhomes. The next step will be to get the City Council's approval at the November meeting, I believe.
There has been little interest among the tenants during this process - I don't think many will want to buy, because the price is too high for what they'll be getting. The result is that there will be a rash of new landlords who will turn around and rent the units - so the illusion of a homeownership opportunity for low and moderate income families is basically just that. The units will continue as rentals under a plethora of owners instead of just one, and the maintenance and security issues will multiply.
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