Eminent Domain to Avert COVID evictions

What’s the deal? Los Angeles City Council is considering eminent domain to acquire an apartment complex to avoid an inevitable swarm of evictions.

Why is this important? City Council thought it cold use COVID funding for this purpose but it cannot. The $46 million will hav to come from existing funds.

How will this be important? Talk about this project is that the city will save money/it will be more cost effective to acquire existing apartment complexes than to build new affordable housing.

YahooNews via LA Times | Looking to avert evictions, L.A. seeks $46 million to buy Chinatown apartment building