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UID:Indybay-18776304
SEQUENCE:18899958
CREATED:20150817T182600Z
DESCRIPTION:First Republic Bank is playing a direct role in the displacement of 
 long-term tenants through the loans it provides to speculators and 
 investors. According to data analyzed by Tenants Together and the Anti 
 Eviction Mapping Project, over 3,600 units have been removed from the 
 rental market in San Francisco under the Ellis Act, and over 10,000 tenants 
 have been displaced from 1997 through 2013. Many of these evictions could 
 not have happened without investors first obtaining loans from banks, 
 including First Republic.\n\nTomorrow, affected tenants and community 
 leaders (bilingual English and Spanish speaking) will urge the bank to stop 
 funding these so-called "displacement loans" that are enabling speculators 
 to buy buildings and subsequently evict the tenants out of their 
 rent-controlled apartments.\n 
 https://www.indybay.org/newsitems/2015/08/17/18776304.php
SUMMARY:Rally Against Bank Funded Ellis Act Evictions
LOCATION:First Republic Bank Headquarters 111 Pine Street, San Francisco, CA 94111
URL:https://www.indybay.org/newsitems/2015/08/17/18776304.php
DTSTART:20150818T190000Z
DTEND:20150818T190000Z
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