Residents and advocates highlighted the urgent need for city action, stressing that private equity landlords like the Raisner Group prioritize profit over tenant well-being, leading to displacement.
City Council Member Sandy Nurse emphasized the challenges tenants face, stating she may propose legislation to limit private equity firms’ ownership of small homes to protect vulnerable communities.
Evelyn Cruz criticized city agencies for inaction, stating, "They have all the tools in the box and they are not using the tools to protect our tenants."
Local residents suspect that after displacing tenants through neglect, landlords aim to renovate the properties for new tenants who can afford higher rents, exacerbating gentrification.
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