Tenants finally began moving into the former Boyle Hotel, the Victorian-era Boyle Heights landmark that has been renovated and turned into 51 units of affordable housing. But as the new residents prepared to move into their new apartments across from Mariachi Plaza, many discovered that the rent they would be paying would be much higher than expected, according to the L.A. Times. It turns out the East Los Angeles Community Corp., the nonprofit developer of the $24 million project, had used the wrong formula to calculate rents on the apartments that are reserved for those with low and moderate incomes. Rents at the former Boyle Hotel are still low compared to market rates but way above what some tenants had initially been told, said the Times:
Benjamin Barboza, 52, a mariachi musician who lives with his wife and five children in a house a block down Boyle Avenue, applied to live at the Boyle Hotel earlier this year. In preparation, he sold the possessions that wouldn’t fit into the three-bedroom apartment, such as a washer, dryer and his children’s bicycles. He was quoted $658 monthly, but when he arrived to pick up the keys, property managers informed him that his rent would be $1,048.
“I feel deceived, defrauded and sad at the same time,” Barboza said. “In reality, this was for my children, not for me.”
An official with the developer told the Times the firm is now in the process of making “rent concessions” on an individual basis.
- Boyle Heights landmark gets unwrapped. The Eastsider