Is the City Winding up to Regulate Tenancy in Common?


Is the City Winding up to Regulate Tenancy in Common?

2019-10-09T17:06:01-07:00October 9th, 2019|Advocacy|

A new homeownership model geared at first-time buyers that’s gaining traction in LA can come at the expense of renters. Now Los Angeles City Councilmember Mitch O’Farrell is trying to get a handle on just how many rent-controlled tenants are being pushed out to make way for the model, called tenancy in common, or TIC.

He introduced a motion today calling on the city planning department to explore creating a tracking system for the number of rent-controlled apartments that have been flipped into TICs.

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