Los Angeles Okays 1-Year Ban on Loft Conversions

Los Angeles City Council hopes to slow gentrification of downtown by approving a moratorium on conversion or demolition of low-cost hotels.

" The action will have the largest effect in downtown Los Angeles, where a boom in loft conversions is spreading to the edges of skid row, and raises concerns about the future of the 240 residential hotels that for generations have housed some of Los Angeles' poorest residents."

Full Story: 1-Year Ban OKd on Loft Conversions

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