Latest Breaking News On - Hillside villa apartments - Page 5 : comparemela.com

By City News Service Feb 25, 2021 LOS ANGELES (CNS) - The Los Angeles City Council s Housing Committee voted today to advance a motion to explore enacting a rent freeze on residential units with expired or soon-to-expire affordability covenants like the one at Hillside Villa Apartments, which the city is hoping to purchase to prevent significant rent increases. “The city is at risk of losing thousands of affordability housing units through the impending expiration of regulatory rent covenants. Regulatory covenants are recorded on a property to ensure the long-term affordability of units, often in return for a public subsidy or housing density bonus, Councilman Gil Cedillo s motion reads. “Many covenants are now reaching an expiration date, which would effectively remove the affordability requirements, and allow an owner to raise rents to market rate.

United statesLos angelesRicahrd llewellynGil cedilloCity councilCommunity investment departmentLos angeles city council housing committeeCommunity redevelopment agency of los angelesLos angeles city councilHousing committeeHillside villa apartmentsCouncilman gil cedilloCity attorneyCity administrative officer ricahrd llewellynCommunity redevelopment agencyஒன்றுபட்டது மாநிலங்களில்