(Rich Pedroncelli / Associated Press)
A Bay Area developer has agreed to lower rent for several tenants and pay hundreds of thousands of dollars in fines and penalties as part of California's first settlement under the Tenant Protection Act, the state attorney general announced Friday.The settlement was reached with San Jose-based Green Valley Corp., also known as Swenson Builders, a Silicon Valley landlord, which raised rent for 20 of its employees more than 150% on average and evicted six of them during the pandemic in 2021.
A Bay Area developer has agreed to lower rent for several tenants and pay hundreds of thousands of dollars in fines and penalties as part of California's first settlement under the Tenant Protection Act, the state attorney general announced Friday.The settlement was reached with San Jose-based Green Valley Corp., also known as Swenson Builders, a Silicon Valley landlord, which raised rent for 20 of its employees more than 150% on average and evicted six of them during the pandemic in 2021.
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