Tenants Take Ownership Of Their Building, Run It As A Cooperative

Emily Power was living in her apartment at 272 Caroline Street in Hamilton for less than a year when the owner put the 21-unit building up for sale.

The sale took many residents by surprise. Even the superintendent didn’t receive a notice from the owner.

Power braced for the worst. She was wary that an investment company would purchase the building and raise rents, either through Cash-for-Keys offers, where landlords offer cash for tenants to vacate the rental unit, or another type of pressure or harassment, since many residents were longstanding, rent-controlled tenants.

Power, a born-and-raised Hamiltonian, was friendly with a number of tenants in her building, so she began organizing and eventually started a tenant association at 272 Caroline.

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