http://seattlecitybuzz.com/2006/07/13/the-other-side/ Wed, 19 Nov 2008 11:56:28 +0000 http://wordpress.org/?v=2.3.1 http://seattlecitybuzz.com/2006/07/13/the-other-side/#comment-8 Seattle Housing Buzz » Blog Archive » Cost of Conversions Sun, 08 Oct 2006 17:39:01 +0000 http://seattlecitybuzz.com/2006/07/13/the-other-side/#comment-8 [...] A while back I wrote a post about the human cost of conversions with the new owner/developers only needing to provide 90 days notice and $500 to displaced tenants. It looks like the increasing number of conversions, and thus, more displaced tenants, who undoubtedly are unable to afford to purchase the snazzy conversions, are getting noticed by the politicos. From the PI’s Forced Out Tenants article: (State Senator) Fairley’s plan would ban construction, remodeling or repairs during the required advance notice period for conversion or until at least 12 hours after the last tenant moved out. It also would increase the minimum payment to $2,500, then adjust it each year for inflation. [...] […] A while back I wrote a post about the human cost of conversions with the new owner/developers only needing to provide 90 days notice and $500 to displaced tenants. It looks like the increasing number of conversions, and thus, more displaced tenants, who undoubtedly are unable to afford to purchase the snazzy conversions, are getting noticed by the politicos. From the PI’s Forced Out Tenants article: (State Senator) Fairley’s plan would ban construction, remodeling or repairs during the required advance notice period for conversion or until at least 12 hours after the last tenant moved out. It also would increase the minimum payment to $2,500, then adjust it each year for inflation. […]

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