Affordable Housing Nonprofit to Lay Off 117
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Affordable Housing Nonprofit to Lay Off 117
A local affordable housing nonprofit is laying off 117 employees. CommonBond Communities, headquartered in St. Paul, has decided to outsource property management, plus “tangential positions,” according to a notice sent to state officials on Monday. The move comes amid what leadership calls “the current environment of escalating costs, uncertain public funding, and continued resident distress.” Layoffs will begin July 18 and continue through Janu…
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