LA City Council May Buy Chinatown Apartment Building Where Tenants Face Huge Rent Hikes
The landlord says the plan to take over his building “makes no sense.” But tenants fear they’ll end up homeless if the city doesn’t intervene.
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The landlord says the plan to take over his building “makes no sense.” But tenants fear they’ll end up homeless if the city doesn’t intervene.
The Los Angeles City Council voted Friday to try to buy a 124-unit housing development in Chinatown in an effort to keep some of the tenants housed amid rent increases by their landlord, who does not want to sell the building to the city.
The City Council Friday will consider trying to purchase a 124-unit housing development in Chinatown in an effort to keep some of the tenants housed amid rent increases by their landlord.
In some cases, tenants said their rents have more than tripled since the start of the pandemic.