The measure was sponsored by the California Apartment Association, which has fought for years with the AIDS Healthcare Foundation over efforts to enact stricter rent control laws through ballot initiatives.
The AIDS Healthcare Foundation generates $2 billion in annual revenue, much of it from its chain of pharmacies and clinics. The company’s move into housing has drawn criticism that it strays from its mission of helping people living with HIV or AIDS.
In recent years, the health care foundation has spent more than $300 million funding rent control programs and purchasing apartment complexes across the country, including in and around Skid Row, which it says can address chronic homelessness that other agencies have failed to address. Return problem.
The foundation said it had removed nearly 1,000 people from the streets and placed them in permanent housing in slum areas, but the Times found in a report that the buildings were also affected by heating, plumbing, elevators, Troubled by electrical failures and pest infestations.
Other supporters of Proposition 34 include health organizations such as ALS Assn. and the California Chronic Disease Care Alliance.
