It is estimated that in the next five years, 8,597 “affordable housing” units in Los Angeles will flip to market rate. That's because "affordable housing," in this case, is usually offered in the form of a loan or tax break for the owner in exchange for a covenant promising to keep the rent low for usually something like 30-50 years, and many that were signed in the past are now set to expire. When the covenant expires, the landlord can raise the rent, and tenants are often surprised by a notice that their rent is going up 30%.
Two tenants associations with ties to our partners in the LA Tenants Union are presently struggling to hold onto their “affordable housing”— Hillside Villa Tenants Association (Chinatown) and Kingswood Apartments Tenants Association (East Hollywood). Hillside Villa, in particular, was able to convince the city and their landlord to extend the covenant another 10 years, but it was after a long process of negotiation/struggle.
Knowing many more tenants could be vulnerable to rent increases like this, we want to warn other tenants who will have expiring affordability covenants and help them form tenant's associations and be ready to fight back! Join the the next Housing & Homelessness Committee as we select which buildings to start with and discuss our outreach strategy.
- August 25, 2019 at 2pm to 4pm
Ground Game LA
5617 Hollywood Blvd
Los Angeles, CA 90028
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Housing & Homelessness Committee