Los Angeles City Councilman Gil Cedillo is pushing for the city to spend up to $46 million in government Covid help assets to purchase a high rise in Chinatown, saying the move would save many occupants from confronting steep lease climbs.
In a proposition recorded a week ago at City Hall, Cedillo said he needs to utilize cash from the government Coronavirus Aid, Relief and Economic Security Act to buy Hillside Villa, a 124-unit assembling whose proprietor is looking for enormous lease increments. Such a move, Cedillo stated, would keep occupants in their homes during a wellbeing and lodging emergency.
“As far as we might be concerned, it’s a decent arrangement. The structure’s assembled. The occupants are as of now moved in. I perceive it’s exceptional, yet these are remarkable occasions,” said the councilman, whose locale extends from Highland Park to Westlake.
In any case, there’s a conceivably huge obstruction ahead: The city’s gracefully of COVID-19 alleviation cash is rapidly running out.