Tenants Tell Council of Fear Rents Will Rise
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About 150 residents of the Continental Gardens Apartments came to City Hall on Tuesday night to voice concerns about the planned renovation of their building, to be funded by city-issued bonds.
Some residents fear they will be evicted from their homes or be unable to afford new rents.
“Some of us pay 40% to 50% and more of our salary for the rent,” resident Roberto Sanchez told council members.
The city will lend proceeds from a $14.3-million bond sale to Bertram Development Partners of Laguna Hills. The company officials previously pledged that all of the building’s 298 units will be priced for low-income renters.
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