Tags Substantial rehab rent control exemption “loophole”
Tag: substantial rehab rent control exemption “loophole”
Precarious housing in Oakland: Renting SRO hotel rooms to techies means...
Single Room Occupancy (SRO) hotels, traditionally available to those on fixed or very low incomes, are being marketed to new arrivals and tech industry workers, exacerbating the housing crisis and exploding the homeless population in Oakland. Hundreds of rooms have been lost in the last year at the Sutter, Travelers and other SRO hotels. The extractive model of financial speculation has reached into every form of housing in the SF Bay Area, and homelessness has risen exponentially.