A tentative deal has been reached to prevent the evictions of families in a 124 residential unit apartment building in LA’s Chinatown, reports The Hub.
Tenants at the Hillside Villa have been living with rent protection under a 30 year agreement struck between the landlord and the city in 1989, but that deal has expired.
The landlord had threatened to raise the rents to fair market value. The rent increases would have forced many tenants to move or face eviction.
City Councilperson Gil Cedillo announced the new deal which would protect tenants who have lived there for 10 or more years.
“As the council member of the First District, I have used all resources and authority at my disposal to protect tenants and their quality of life,” City Councilman Gil Cedillo said in a statement to My News LA. “… Los Angeles is seeing the worst housing crisis to date. This deal ensures that the most vulnerable residents in my district get to stay in their homes.”
The new agreement which would last ten years must still be approved by the Los Angeles City Council.
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