LA City Council approves a $15M deal to subsidize Hillside Villa rents in Chinatown, protecting tenants from rent hikes since 2020.
LA City Council approves $15M deal to subsidize Hillside Villa rents, aiding tenants in Chinatown fighting rent hikes since 2020. The 10-year agreement requires the city to spend $15M to extend an affordability covenant, providing rent subsidies for some units in the 124-unit building. Councilwoman Eunisses Hernandez secured a six-month extension for tenants before a six-year repayment period begins.
April 19, 2024
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