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Low-income families face eviction as building 'rebrands' for Facebook workers (xpost from Economy)
Source: The Guardian
Low-income families face eviction as building 'rebrands' for Facebook workers
A Silicon Valley apartment complex wants to attract high-
income tenants who work at top tech firms – but critics ask,
what is the human cost?
Sam Levin in Redwood City, California
Wednesday 21 September 2016 11.00 BST
The recent eviction notice that Laura Hernandez and her husband received at their one-bedroom apartment in Silicon Valley did not say why they were being kicked out.
But executives at Trion Properties, a private equity firm that recently purchased their building, have made it unusually clear that they want a different kind of tenant – high-paid technology workers at the nearby headquarters of Facebook, which is planning a large campus expansion.
In Hernandez’s building in Redwood City, many residents threatened with eviction are low-income Latino families.
Hernandez takes care of her three-month-old daughter while her husband Adan Estevez works at a nearby recycling center. They pay their $1,600 rent on time. With less than two weeks before she has to move out, Hernandez, 26, has become worried that her anxiety over the possibility of being homeless is hurting her baby.
-snip-
A Silicon Valley apartment complex wants to attract high-
income tenants who work at top tech firms – but critics ask,
what is the human cost?
Sam Levin in Redwood City, California
Wednesday 21 September 2016 11.00 BST
The recent eviction notice that Laura Hernandez and her husband received at their one-bedroom apartment in Silicon Valley did not say why they were being kicked out.
But executives at Trion Properties, a private equity firm that recently purchased their building, have made it unusually clear that they want a different kind of tenant – high-paid technology workers at the nearby headquarters of Facebook, which is planning a large campus expansion.
In Hernandez’s building in Redwood City, many residents threatened with eviction are low-income Latino families.
Hernandez takes care of her three-month-old daughter while her husband Adan Estevez works at a nearby recycling center. They pay their $1,600 rent on time. With less than two weeks before she has to move out, Hernandez, 26, has become worried that her anxiety over the possibility of being homeless is hurting her baby.
-snip-
Read more: https://www.theguardian.com/technology/2016/sep/21/silicon-valley-eviction-facebook-trion-properties
h/t Eugene
