Berkeley Loans $300K to Privatize Public Housing

. Article written by Lynda Carson On Tuesday evening, April 3, the Berkeley Housing Authority (BHA) asked Berkeley’s City Council for $400,000 in what are being called “pre-development costs,” to privatize and sell Berkeley’s 75 public housing town-homes, to billionaires Jorge M. Perez and Stephen M. Ross, of the Related Companies of California, LLC, (a.k.a. Berkeley 75 Housing Partners, L.P.). Expenses include $97,000 for relocation consulting fees (scheme to displace [...]