CALIFORNIA | LOCAL
April 19, 1987 |
Nargis Choudhry and her husband thought they were the luckiest couple in the world in 1981 when they managed to buy their first home, a one-bedroom plus den hillside condominium in a new development just minutes north of downtown Los Angeles. With interest rates peaking beyond 15%, the deal was simply too sweet to pass up--only 5% down, a fixed interest rate of 10% and the project was sponsored by the city's Community Redevelopment Agency.
March 5, 1987 |
The Alhambra school board served noticed on Tuesday night that it will consider abandoning one proposed high school site in Rosemead to give further study to building a high school on a hillside in Monterey Park. Dora Padilla, board president, said the board was unable to act on the proposal at this week's meeting because it was not listed in advance on the agenda. But she said the proposal, by board member Phyllis J.
January 1, 1987
Regarding all the comments about Terry Donahue's excessive worrying, maybe he knew something we didn't and had reason to worry. CHUCK BUTTERWORTH Monterey Hills Editor's note: These letters represent many of the best received by The Times in 1986
November 15, 1986
Regarding all the comments about Terry Donahue's excessive worrying, maybe he knew something we didn't and had reason to worry. CHUCK BUTTERWORTH Monterey Hills
June 1, 1986
Your article on "Sinking Monterey Hills Condo Complexes" (May 18) reflected the casual attitude of the Community Redevelopment Agency towards the affected condo owners. In truth, these owners are faced with urgent financial hardships. They cannot now sell their condos, nor will they be able to do so in the foreseeable future. Owners with young and growing families are unable to move to larger homes because they cannot recover their equity. Owners who are forced to move due to job changes are even worse off. They must pay for two homes, or walk away from their investment in Monterey Hills.
May 18, 1986 |
The case of the sinking condominiums in the Monterey Hills area is in the hands of geologists and structural engineers, and another meeting with homeowners there will be arranged by the Community Redevelopment Agency. This is the word from Raul Escobedo, project operations official at the agency which developed the 211-acre planned residential community five miles northeast of downtown Los Angeles.
May 5, 1985
Chadwick Terrace by Cal Coast Development Group opens today with 87 one- and two-bedroom condominiums in Monterey Hills, about five miles northeast of downtown Los Angeles. The units range from 675 to 1,580 square feet and are priced from $80,000 to $142,000. First move-ins are expected to begin in June and below-market (11/% for 30 years with 5% down) financing is available under a bond program issued by the Los Angeles Community Redevelopment Agency.