End to condo fee urged
Angelenos selling condominiums shouldn't have to pay the city $150 to fund an affordable-housing process that has never produced homes for low-income residents, according to a review by city officials. Kerry Cavanaugh in the Daily News.
The Daily News reported last year that since April 2007, residents selling condos have confronted a little-known law that gives the city of Los Angeles the right of first refusal to buy most condominiums built after 1974.
The city has always waived its right to buy the condos, but last April the Housing Authority of the City of Los Angeles began charging sellers $150 to cover the administrative cost of the processing the waiver.