Residents who have been fighting huge rent increases at a Chinatown apartment complex could find some financial relief under a tentative deal reached between Los Angeles housing officials and the landlord. The proposed agreement would require the city to spend nearly $15 million to ensure that rents are subsidized in dozens of units inside the Hillside Villa Apartments , according to a memo issued Friday by the city's housing department.
The deal would also give tenants six years to finish paying back rent owed from the period between 2019 and 2024. If those tenants enter into a repayment agreement and make the required payments over the six-year period, the owner 'will not seek to evict tenants for unpaid rent covered by that agreement,' the report said. Tenant advocates have spent several years pressuring city leaders to forcibly purchase Hillside Villa, staging protests at their homes and elsewhere.
L.A. Deal $15 Million Chinatown Tenants Rent Hikes Subsidies Hillside Villa Apartments
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