Up to 83 one and two bedroom apartments will be reoccupied by tenants who were unceremoniously evicted by AIMCO (Apartment Investment and Management Company), the large corporation that owns Lincoln Place. AIMCO and the tenants’ association have reached a tentative agreement that will restore many of the 80 renters who were removed from their homes on Dec. 6, 2005.

No date has been set for accepting rental applications nor have rents been set.

The tentative settlement will maintain the historic exteriors of the  buildings and return the property to rental housing use.  The only new construction will be the replacement of 99 units which were destroyed by AIMCO and the previous owner.  No height or density variances will be requested in connection with new construction, which will return the project to its original 795 homes. However, city approval of the construction will be required.

The agreement also settles all outstanding litigation between AIMCO and former tenants.  While the agreement will be final after signature by all former tenants participating in the settlement and after judicial approval, it remains contingent upon a separate agreement between AIMCO and the city of Los Angeles and agreement with the returning tenants.

AIMCO also recently settled with historic preservationist Amanda Seward and 20^th Century Architectural Alliance, which spearheaded the drive to obtain historic protection for Lincoln Place. That protection remains in force.

The buildings together with their character defining features which were constructed in the 1950s will be preserved. “Under the agreement, this complex would be preserved for future generations,” commented Seward.

“The settlement allows members of our close-knit community to return, preserves the buildings which we love, and charts a positive future for Lincoln Place,” says Sheila Bernard, the Lincoln Place Tenants Association President.

“Clearly, collaboration with the former tenants, the city, and the community is far preferable to protracted litigation,” added Miles Cortez, Chief Administrative Officer of AIMCO.