One of the region’s most prolific apartment builders has sued the city of Los Angeles over its COVID-19 eviction moratorium, saying his companies have experienced “astronomical” financial losses and are legally entitled to compensation from the city. GHP, which filed the lawsuit along with several other Palmer companies, expects that number to triple by the time the provisions of the moratorium have expired. Gavin Newsom extended the state’s own eviction moratorium until Sept. 30, offering to cover 100% of the back rent and utilities owed by many low-income residents whose finances were hurt by the COVID-19 pandemic. Palmer’s companies contend that they will have little success in recouping their losses from their tenants after the one-year grace period that follows the end of the city’s COVID-19 emergency. Palmer’s legal victory halted the city’s momentum in trying to build affordable housing in the area, said Gross, the tenants’ rights advocate.
Source: Los Angeles Times August 09, 2021 19:51 UTC