“The proposed seismic retrofitting ordinance will place extreme burden and expense on ‘mom and pop’ owners in West Hollywood,” said the letter from AAGLA’s Janet Gagnon, director of government affairs and external relations. “Most of the impacted buildings are older and already require substantial amounts of ongoing maintenance and upkeep. These buildings are already under rent control and yield very little margin and barely keep their owners in the business. If these owners are unable to pass-through the costs of seismic retrofitting, many will be forced to sell their property. As a result, these buildings will be converted into luxury apartments, condominiums or other uses, and as a result, the supply of affordable rental housing will be decreased.
The city is holding a meeting to get the public’s input on the options at 11 a.m. on Saturday at the city auditorium, which is located at 647 N. San Vicente Blvd., just north of the West Hollywood Library.”
Click here to continue reading