City Council voted to try to buy a 124-unit housing development in Chinatown in an effort to keep some of the tenants housed amid rent increases by their landlord, who does not want to sell the building to the city.
City Council voted Friday to try to buy a 124-unit housing development in Chinatown in an effort to keep some of the tenants housed amid rent increases by their landlord, who does not want to sell the building to the city.
Nancy Ramirez, who has lived in the building for 26 years, told City News Service on Friday that her mother Luisa Ramirez started the tenants' organizing effort three years ago before her death last year. During Friday's City Council meeting, organizers and tenants, many of whom have lived in the building for decades, chanted the rallying cry "Sí, se puede" and pleaded with council members to intervene and purchase the building.
Amy ZJ, who said she is an urban planner and affordable housing developer in San Francisco's Chinatown and a former resident of Council District 1, told council members: Based on the initial appraisal, the cost would be about $362,000 per unit, and it is easier for families already living there to remain rather than build new affordable apartments, Cedillo said last year -- adding that the potential purchase is "probably one of the most cost-effective purchases that we will engage in."
Landlord Tom Botz told City News Service on Wednesday he does not plan to sell the property to the city. According to a report by the Los Angeles Housing Department, if he does not sell, the City Council and the mayor would have to approve the initiation of the eminent domain process in order to purchase the property.
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