Saturday, August 19, 2017

Coalition for Economic Survival
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Quick Facts About AIMCO's Evictions
and the Tenants' Struggle to Save Lincoln Place

 




(Information taken from the Lincoln Place web site at www.lincolnplace.net)

  • AIMCO, the largest owner of apartment buildings in the U.S., acquired full ownership of Lincoln Place Apartments in 2003. Since 2001, it had 50% ownership of the complex. As property values in Los Angeles skyrocketed during this time, AIMCO desired to redevelop the rent-controlled complex to make market-rate profits.
  • In 2002, AIMCO volunteered to build 144 rental units in exchange for a density bonus (which would let them build units at a higher density than normally allowed) and the right to build 706 new condos. The City of Los Angeles granted AIMCO the redevelopment plan on the condition that "no tenant would be evicted."
  • In March 2005, AIMCO filed Ellis Act eviction notices on more than 300 tenants claiming AIMCO was going out of the rental business, even though AIMCO's charter limits their business to renting apartments only.
  • In July 2005, the Court of Appeals ruled that AIMCO violated the conditions of the redevelopment plan when AIMCO demolished five Lincoln Place buildings on Lake Street in 2003; whether or not the Tract Map (redevelopment plan) was recorded, AIMCO must now comply with its conditions, or have public hearings to modify it.
  • In November 2005, AIMCO unilaterally broke off negotiations for a settlement with the tenants regarding the evictions when the California State Historic Commission found Lincoln Place eligible for the State Historical Register. AIMCO later took steps to sue the Commission for its decision.
  • In December 2005, AIMCO evicted 80 households, including 59 households locked out by the L.A. sheriff, in violation of their previous promise that no tenant would be evicted.
  • In April 2006, Lincoln Place tenants, the community, local preservationists, the City of Los Angeles, and AIMCO entered into mediated settlement negotiations, but AIMCO again unilaterally broke off the negotiations on May 5, 2006 when the State Historic Commissioners restored historic designation on Lincoln Place, which AIMCO had challenged.
  • In violation of the 2005 Court of Appeals decision, the Los Angeles City Attorney refused to stop these evictions until AIMCO applies for a demolition permit, which will happen only after the property is emptied of tenants.


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