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The Affordability Question

By Sara Drummond

Marlton’s resurgence represents several affordable-housing trends. Originally built in 1924 as a tourist hotel, it operated as Section 8 subsidized housing, where residents are required to pay only 30 percent of their income as rent. In 1999, the owners wanted to sell, which put the building at risk for conversion to market-rate housing. A.F. Evans partnered with Mercy Housing California, a nonprofit organization, to purchase and redevelop the building as affordable housing…