After a testy hearing, a Los Angeles Superior Court authorized a new loan to stave off insolvency for the receiver overseeing the repair of 29 dilapidated buildings and approved the removal of seven buildings from the receivership.
The receivership overseeing 1,500 tenants in Skid Row is on the verge of failing unless a L.A. Superior Court judge acts quickly, receiver Mark Adams said in court filings.
Tenants at Skid Row Housing Trust buildings were issued eviction notices that the city attorney's office deemed illegal. The receiver overseeing the properties has rescinded them.