From Residents to Owners: Northgate Pioneers Again

January, 2004

In 2003, Northgate residents were given the opportunity to achieve another important milestone: to purchase the complex from the current partners and create a new tenant controlled ownership entity.  A Northgate Buyout Committee was formed, and met regularly to prepare for the buyout, slated for December of 2004. They were guided by specific goals established by the NHI and NGRA Boards, including no displacement of residents, preservation of affordability, mixed income apartments, resident ownership, capital upgrades completed, enhanced accountability, reduced dependency on outside programs and funding and simplified ownership and organizational structure.

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