LA housing officials propose $15M subsidies to cover rents for 106 units of Hillside Villa Apartments in Chinatown until Feb 2034, resolving a rent increase dispute.
LA housing officials propose $15M subsidies to cover rents for 106 out of 124 units of Hillside Villa Apartments in Chinatown through Feb 2034. The plan aims to resolve a long-standing dispute over rent increases by the building's owner after the expiration of a 30-year rent restriction agreement. The proposal also gives the city first right of refusal if the owner decides to sell before Feb 2037.
April 13, 2024
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