Posted at 12:13 p.m., Monday, October 2, 2006
Kukui Gardens tenants sue to stop sale of apartments
By Rick Daysog
Advertiser Staff Writer
The tenants are asking that a federal judge bar HUD from approving owner Kukui Gardens Corp.'s plan to prepay a $16.1 million, federally insured loan. The prepayment would allow the owner to sell the 857-unit affordable rental project near Chinatown to San Francisco-based Carmel Partners Inc. for about $130 million.
The tenants say the sale would lead to the displacement of hundreds of low-income and elderly tenants.
