Name: Supes Extend Eviction Protections, Explore Sale Of Properties Facing Default To Community Groups
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Supes Extend Eviction Protections, Explore Sale Of Properties Facing Default To Community Groups

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Support for LAist comes fromWe Explain L.A.Stay ConnectedLAist is part of Southern California Public Radio (SCPR), a member-supported public media network. Hear our news on-air at our partner site:Our top stories delivered weeknightsShare ThisThis is an archival story that predates current editorial management.This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click.Stories like these are only possible with your help!You have the power to keep local news strong for the coming months. Your financial support today keeps our reporters ready to meet the needs of our city. Thank you for investing in your community.Sign up for How To LA, delivered weekday mornings.Our news is free on LAist. To make sure you get our coverage: . To support our non-profit public service journalism: Donate Now.The Los Angeles County Supervisors voted on Tuesday to explore a pathway for renters and community groups to buy properties facing default -- an effort designed to halt a wave of real estate speculation, as happened following the Great Recession.The board voted 4-1 on that measure, one of three rental-related motions they passed on this morning.The "right to purchase program" would allow property owners, before defaulting, to sell to existing renters, non-profits, community land trusts or other mission-driven groups. The goal is to create permanent affordable housing and serve "as a tool to stabilize existing communities and counter speculative or large-scale corporate purchase of residential properties," the motion says.Support for LAist comes fromThe county itself could purchase properties, and then turn them over to community groups. Staff will report back on the effort to supervisors in 45 days.DON'T MISS ANY L.A. CORONAVIRUS NEWSGet our daily newsletters for the latest on COVID-19 and other top local headlines.andThe motion was introduced by First District Supervisor Hilda Solis. "What we want to make sure is that we put in place policies so that homes are not bought by speculators who will worsen and create a market that will be unbearable for many of our residents," Solis said at the meeting, which was conducted remotely.The measure came under fire from the Apartment Association of Greater Los Angeles. "The County is now seeking to compel the sale of these private properties to renters or other entities chosen by the County as property owners go broke," director Daniel Yukelson wrote in an email last week. "How do these optics look?Yukelson wrote that previous county measures freezing rents and stopping evictions "have literally driven thousands of housing providers to their knees."Support for LAist comes fromIn Southern California and around the country, how corporate landlords push costs onto renters by deferring repairs, retaining security deposits and assessing fees. Figuring the size of corporate landlords' holdings, however, can be a challenge, given the paucity of data on the rental market.EVICTION PROTECTIONS FOR RESIDENTIAL TENANTS, BUT NOT BIG BUSINESSES Supervisors narrowly approved a motion to extend the county's eviction protections until August 31, 2020."The necessity of keeping people in their living situation at least over the next three months is critical," said Third District Supervisor Sheila Kuehl, who painted the issue as a public health measure. There was debate among the supervisors over how long to extend the eviction protections, with two voting against the motion.L.A. County of residential tenants who are unable to pay due to COVID-19. The law covers unincorporated areas of the county, and cities that do not have their own eviction laws.The supervisors also unanimously passed a motion to strip eviction protections from commercial tenants that are multinational, publicly traded or have more than 100 employees. Companies with between 10 and 100 employees will have 6 months to pay back rent, following the end of the moratorium period.MORE ON RENTINGWE LOVE TO ANSWER YOUR QUESTIONS

Support for LAist comes fromWe Explain L.A.Stay ConnectedLAist is part of Southern California Public Radio (SCPR), a member-supported public media network. Hear our news on-air at our partner site:Our top stories delivered weeknightsShare ThisThis is an archival story that predates current editorial management.This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial...

Supes Extend Eviction Protections, Explore Sale Of Properties Facing Default To Community Groups

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