LA's Condo Conversion Wars Continue
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The Los Angeles City Council wants to raise relocation rates for renters kicked out to make room for condos. Will that create a bureaucratic nightmare or slow the destruction of affordable neighborhoods where there’s not enough housing?
LA's population growth has outstripped affordable housing, even for the middle class. The owners of rent-controlled apartments are limited to increases of 4% every year. So, many convert their buildings--or tear them down--to replace apartments with condos, which bring in a lot more money. Currently, tenants get relocation fees of $3500, $8500 if they're over 62, disabled or have minor dependent children. Yesterday, in chambers packed with tenants, landlords and developers, a majority of the Los Angeles City Council raised those fees and adopted a sliding scale, based in part on the tenant's income. The majority wasn't big enough to pass what the city's own planning director calls a mess in the making, so another vote will be taken next week. We join housing advocates and organizers, developers and city planners for an exploration of a dispute that dramatizes one of LA's most difficult problems, the shortage of affordable housing.
- Marx Gutierrez: Community organizer for the LA Alliance for a New Economy
- Kate Bartolo: Senior VP for Development The Kor Group
- Gail Goldberg: Director of Planning for the City of Los Angeles
- Larry Gross: Executive Director for the Coalition for Economic Survival, @la_ces
A CD copy of Which Way L.A.? is a available by calling 1.888.600.5279.
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Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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