Seniors struggle with rent increase at affordable apartments

Chico Enterprise-Record

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Private Equity: Alden Global Capital

Seniors struggle with rent increase at affordable apartments

OROVILLE — Recent rent cost hikes at affordable apartments are causing panic to some Oroville communities, where many residents report their rent will soon approach or surpass 50% of their income. A group of senior residents spoke to Oroville City Council members Tuesday asking for help regarding rent increases of about 15% or more total at Mitchell Avenue Senior Apartments; one increase in March and another increase to come June 1. For Social S…