COUNCIL TO ADDRESS CONDO PROBLEM HEARINGS WILL ADDRESS CONCERNS OF RENTERS.Byline: KERRY CAVANAUGH Staff Writer The City Council will hold three hearings throughout Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. this month to address concerns that thousands of rent-controlled and affordable apartments are being demolished or converted to pricey Pricey Term used for an unrealistically low bid price or unrealistically high offer price. pricey Of, relating to, or being an unrealistically high offer. An offer to sell a security at $50 when the current market price is $47 is pricey. condominiums. Tenants, landlords and developers will be able to air their concerns about the loss of rent-controlled apartments and potential rules that could make it harder to convert apartments into condos. "While we understand the need to protect property rights, we simply cannot ignore the fact that more and more middle-class and working-class Angelenos are being forced out of their respective homes," said Councilman Ed Reyes Ed P. Reyes has served on the Los Angeles City Council since April 2001. A native of Northeast Los Angeles, Councilmember Reyes represents many of the neighborhoods he grew up in including Lincoln Heights and Cypress Park. , who chairs the City Council's Planning and Land Use Committee. Reyes organized the hearings with Councilman Herb Wesson Herb J. Wesson, Jr. is a California politician. He currently serves as a Los Angeles City Councilman. He represents the 10th district. He served in the State Assembly representing the 47th district from 1998 until 2004. , who chairs the Council's Housing, Community and Economic Development Committee. With the median price of a single-family house at $600,000, more homebuyers are looking at condos as alternatives. In turn, a growing number of landlords and developers have converted apartments to condos or demolished apartment buildings to build new condominiums that sell for as much as $800,000 a unit. Renters have been evicted from more than 9,240 rent-controlled units over the past five years. That does not include evictions from units that are not rent-controlled, which are not tracked by the city's Housing Department. The hearings, and the City Council's ultimate policy decisions on condo conversions, probably won't help residents who have been evicted, Reyes said. But the hearings will help the City Council understand the problems and will give the committee ideas on possible solutions. "If we do decide to make changes, I want to make sure whatever we do is fair to all Angelenos," Wesson said. The hearings will be held: Tuesday at 6 p.m. at First Unitarian Church
May 22 at 6 p.m. at Walgrove Elementary School elementary school: see school. , 1630 Walgrove Ave., Mar Vista. May 31 at 6 p.m. at Monarch Hall, Los Angeles Valley College LAVC redirects here. For the software library, see libavcodec. The university is adjacent to Grant High School. Often called "Valley College" or simply "Valley" by those who frequent the campus, it opened its doors to the public on September 12, 1949, at which time the campus was , 5800 Fulton Ave., Valley Glen. kerry.cavanaugh(at)dailynews.com (213) 978-0390 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion