How the St. Francis Center created affordable housing in the Bay Area - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The story of how a nun played private equity's game and created affordable housing in the Bay Area (by ConorDougherty)

Conor Dougherty

In this instance, the building right across the street from St. Francis was being sold — and Sister Christina was eventually able to buy it.Sister Christina was sitting at her desk, next to a bookcase decorated with pictures of smiling children and a woodcut that read "Peace," when a call from private equity intruded in her life. Sister Christina Heltsley was a nun who ran a Catholic nonprofit called the St.

Sister Christina's office was still across the street, so she watched the daily renovations and from her window could see displaced tenants carry their belongings out of their apartments. To the eyes of an investor, things that looked better were better. Sister Christina did not see the same things they did. She saw lipstick on an ugly process and a violation of the "moral mortgage" that comes with owning someone else's home.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Insider credit card reviews: Updated for 2020 - Business InsiderAll of Business Insider's credit card reviews in one place. Read reviews of cards like the Chase Sapphire Preferred, the Delta Amex cards and more. He he he... Where is cryptocom Visa card? Up to 5% back on all card spendings + free Spotify + free Netflix + free Airport lounge + free App + $50 welcome bonus (if you stake 50MCO) Check if your email is entitled for welcome bonus
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

5 things every homeowner should know before buying a house - Business InsiderThere's way more to home ownership than just a monthly mortgage payment. Expect to spend money in these five other ways — at minimum.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Insider tips to navigate biggest private equity event of 2020 - Business InsiderAfter Coronavirus disrupted investors' international travel this year, thousands of private-equity execs are now jetting into Berlin, Germany, to discuss fundraising and doing deals.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

SUCESS INSIDER: McKinsey, Hilton, freelance web design, depression - Business InsiderSUCCESS INSIDER: Read the email templates a freelance web designer has used to get customer referrals and make a $200,000 salary
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »