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Billionaires take control of Berkeley's public housing
Lynda Carson
Out-of-state billionaires Jorge M. Perez and Stephen M. Ross of The Related Companies took control of Berkeley's 75 public housing units on February 14, in a complicated deal that edged out local nonprofit housing developers. Many of Berkeley's low-income families have become displaced as a direct result of the sell out of Berkeley's 75 public housing units that originally were supposed to remain as public housing units into perpetuity, when they were built with taxpayer funding.

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