Tarek El Moussa Denies He’s Evicting North Hollywood Tenants To Build New Complex

[celja]

HGTV Personality Tarek El Moussa Denies He's Evicting North Hollywood Tenants To Build New Complex: "My Intentions Are To Do Good" https://t.co/MR0nB3Xuku
- Deadline Hollywood (@DEADLINE) August 4, 2023
HGTV star Tarek El Moussa has been accused of trying to evict tenants in a rent-controlled property in North Hollywood to build a 138-unit apartment

Comments

[mizzyoung]

So out of the 138 units, only 14 low-income units?

FUCK LANDLORDS AND FLIPPERS

[__onthebound]

And no way the low cost units are 1. low cost/affordable and 2. rent controlled

[vibeology_e]

3. Big enough for a family.

[tube_fiend]

I don't know about LA, but generally large residential constructions include low-income housing for the tax breaks. So they will be low-cost (likely accepting section 8) and the same size as other units. BUT those tax requirements also only require a certain number of years that the developer commit to keeping the units as low-income housing. Which in some ways makes sense, as markets change, and you don't want to place long-term restrictions on housing that might prove detrimental in the future. The exact length of how long they must remain low-income housing depends on the deal the developer hammers out with the city. Ideally, it would be a very long time, but property development is a shady business, and developers where I live have gotten disgustingly generous deals for millions in tax breaks. Like 10 year commitments. And of course, the DAY that requirement is up, they shift the units to full price, and none of the low income residents can afford it, so they are booted

[evilgerbil]

Not sure but I think the law says 10% have to be low income.