Back in August, there was news that the residents/shareholders of Village View, the 1,200-plus-unit Mitchell-Lama co-op, were mulling over whether to withdraw from the affordable housing program.
As one resident/reader told me: "Most residents have been strongly opposed to privatization and flyers with information on its consequences have been prepared and distributed by residents in English, Spanish and Ukrainian."
On Friday, residents received a letter from the Village View Board president...
"[A]s a result of the negative feedback the Board has received the last few months regarding privatization, the Board met ... and passed a motion: to cease any further discussion of privatization, including a feasibility study, unless and until such time there is a clear indication from a large percentage of shareholders that there is an interest in learning more about privatization. We hope that shareholders can now come together and move forward in a peaceful manner."
According to the resident/reader, the initial discussions came about "due to a few pro-privatization Board members."
"We soon are going to vote for a new Board and many candidate statements explicitly state opposition to privatization," the resident said. "To our EV neighbors, rest assured that many of us here are ready to fight to keep this development affordable."
Previously on EV Grieve:
Report: Village View residents considering going private (84 comments)