Tag: gentrification

Over Two Thirds of All Los Angeles Rentals Are Now Owned by Speculative Investment Vehicles

Post author By PANA
Post date September 26, 2021
No Comments on Over Two Thirds of All Los Angeles Rentals Are Now Owned by Speculative Investment Vehicles

Via Knock-LA.com: A new study by Strategic Actions for a Just Economy links corporate ownership to faster neighborhood rent increases.

Read the article here:
https://knock-la.com/los-angeles-rental-speculation-4022d16a0d28/

Driven by the post-crisis movement of Wall Street capital into the rental market, and the increasing adoption of corporate structures by landlords of all kinds, today for the first time in history, more rental units nationwide are owned by corporate landlords than individuals.

Los Angeles has not escaped this nationwide corporate takeover. Our new report “Beyond Wall Street Landlords: How Private Equity in the Rental Market Harms Tenants,” uncovers what is happening here and nationwide, and what it means for tenants.

Alexander Ferrer – March 10, 2021

Tags corporate ownership of rental housing, displacement, gentrification, high rent, housing, Speculative Investment Capital

Anti-Asian Violence Healthcare Housing

CDPH: Oppose the Pacifica “Transition Plan!”

Post author By PANA
Post date April 7, 2021
2 Comments on CDPH: Oppose the Pacifica “Transition Plan!”

PANA statement to the California Department of Public Health calls for the rejection of Pacifica Companies’ March 29, 2021 proposal to mass evict all Japanese American and Japanese seniors aged mostly in their 90’s to 100’s out of the Sakura Intermediate Care Facility (ICF) in Boyle Heights, Los Angeles. This proposal will accelerate the deaths of these already-fragile seniors and exacerbate displacement/gentrification in Boyle Heights.

We call upon the CDPH to act in support of the health interests of the seniors of the Sakura ICF. Bilingual care is a lifeline issue. Bi-cultural services is a health issue. Please stand upon the right side of history. Help lead a new direction in California politics away from its racist past and protect the well-being of these seniors by rejecting this harmful “Transition Plan.” – Progressive Asian Network for Action (PANA)

Healthcare Housing

The Intersection of Housing and Healthcare and the Fight to win Full Equality

Post author By PANA
Post date March 31, 2021
No Comments on The Intersection of Housing and Healthcare and the Fight to win Full Equality

Photo (pictured from left, with age, birthplace, generation): Michi Sakatani, 102, Kukui Haele, Hawaii, Kibei/Nisei; Yasuko Hattori, 101, Osaka, Shin Issei; Pauline Sakata, 100, Bowles, CA, Nisei; Jack Kunitomi, 100, Los Angeles, Nisei; Shigeko Kishimoto, Gardena, Kibei/Nisei; Kiyono Shigetomi, 108, Hiroshima, Issei. (Photo by Yumi Yuge)

“Save Our Seniors (SOS) is an all-volunteer network of individuals and organizations that is working to secure the continuation of bilingual and bi-cultural care and services for seniors residing at the facilities formerly known as Keiro Nursing and Retirement homes, a Japanese American institution for nearly fifty years. To this day, due to inequalities in the U.S. public health system, no other such facilities exist. Because of this context, the lives of the remaining residents are endangered by the profit objectives of the owners of these facilities.”

PANA members have been playing a key role in this fight as members of the SOS Network. PANA members have helped to organize and mobilize for mass events, assisted with social media promotion and are working to win support for AB 279, which would help stop evicitions of seniors during the pandemic. PANA views this fight at part of the larger effort to win equality in healthcare and to win Medicare-for-All in CA, such as by winning AB 1400.

STOP EVICTIONS OF JAPANESE AMERICAN SENIORS!!!

Take Action with SOS Network – NOW:
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