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July 15, 2011

Daily Journal: Settlement assures low rents

The Daily Journal | Jason W. Armstrong

The Daily Journal reported that hundreds of families living in one of West Los Angeles' last affordable housing complexes will get to hang on to their low-rent privileges after a breakthrough Public Counsel lawsuit:

The agreement, reached by residents of the Holiday Venice apartment complex and affordable housing advocates with the defendants - both the U.S. Department of Housing and Urban Development and the complex's owners - capped a two-year-old dispute in which the families contended they were at risk of being hit with a 70 percent
rent hike....

Hernan D. Vera, president and chief executive of Public Counsel in Los Angeles, which served as co-counsel for the plaintiffs, said the settlement "preserves Venice as a place where everyone can live."

Co-counsel Alfred M. Clark, a partner at Locke Lord Bissell & Liddell LLP in Los Angeles who also worked on the case pro bono, agreed.

"The potential loss of an already extremely limited supply of affordable housing for low-income families on the westside of Los Angeles threatened not only the residents of the 246 units comprising the Holiday Venice development, but also the rich racial, ethnic and socio-economic diversity that has characterized the Venice community for over a century," Clark said in a statement.

Full story available to subscribers only at www.dailyjournal.com.