Tenants say a 3-year ban on evictions kept them housed. Landlords say they’re drowning in debt, P4
- Shidonna Raven
- 12 hours ago
- 1 min read
By JANIE HAR
June 26, 2023
Source: Associate Press
Photo / Image Source: Unsplash,
But a recession and subprime mortgage crisis followed by rapidly rising home prices and gentrification pushed out many residents, and homelessness escalated.
Carroll Fife, a city councilwoman and housing advocate, called for a housing overhaul that focuses on homes for people instead of profit for a few. She acknowledged that some people “took advantage of the moratorium,” but says most renters desperately needed the help.
Hailey, the triplex owner, considers herself lucky because she was able to recoup some money through a rent-relief program. The tenants moved out, but she has a stack of bills and can’t afford to renovate.
She purchased the property in 1999 after earning big for writing some songs included on the first Destiny’s Child album. The artist figured the triplex would provide steady income as well as help fund her retirement.
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