The Land Use and Economic Development Committee (made up of Supervisors Maxwell, McGoldrick, and Sandoval) voted unanimously yesterday to send the latest TIC legislation to the full board.
From today’s SFGate,
Legislation meant to slow the pace of evictions by landlords looking to cash in on the lucrative real estate market cleared a hurdle Wednesday — and Mayor Gavin Newsom’s office signaled he might not stand in the way of it becoming law.
The proposed ordinance, sponsored by Supervisor Aaron Peskin, passed a Board of Supervisors committee and moves on to the full board, where the first of two votes for passage has yet to be scheduled
The legislation would ban condominium conversions in buildings where evictions have occurred. It comes on the heels of two tenant-friendly ordinances that Newsom vetoed earlier this year.
The mayor’s office would not say whether Newsom — whose allies in the business and real estate communities are staunchly opposed to the legislation — would sign the ordinance if it reaches his desk. But Matt Franklin, director of the mayor’s office of housing, hinted Newsom is open to working with Peskin.
“The mayor is very concerned about the rise in evictions,” Franklin said. “He supports the intent of the legislation, but he wants to be sure it is implemented in a fair and equitable way. It will still require some additional tweaks.”
If approved by the full board, the ordinance would apply to buildings where multiple tenants were evicted or where individual senior citizens, disabled or catastrophically ill people were kicked out. It is meant to curb an increasing number of evictions in which landlords clear their buildings of tenants in order to sell to tenancy-in-common buyers who get together to acquire property, sharing a mortgage and agreeing to inhabit different units.Frequently, the goal of tenancy-in-common, or TIC, owners is to convert their apartments to individually-owned condominiums. Currently, city law limits the number of condo conversions to 200 a year; in 2005, 1,500 people applied. The right to covert to a condominium is approved by the city via a lottery system.
Peskin’s legislation would mean that TIC buyers of buildings emptied of tenants through evictions would never qualify for a condo conversion thus, backers of the measure say, eliminating part of the economic incentives driving the transactions.
It also would be retroactive, covering buildings where tenants were ousted since 1999.
How can they possibly punish the families and homeowners who bought units as many as seven years ago? They didn’t (in most cases) Ellis Act their buildings. They didn’t provide the eviction notices. They just wanted a home. And for this they are more or less criminalized?
If you think housing is expensive now, wait to see what happens if you (the citizens of San Francisco) let this one pass. Take away the hundreds of TIC units that are currently on the market (because they will plummet in value), and you’ll have a whole new disaster of a problem.
This is just plain awful.
Call your supervisor. NOW. Don’t think this doesn’t affect you, because it will affect EVERYONE in San Francisco, while only helping a few (albeit important) tenants.
Board Committee Votes 3-0 to Protect Tenants [BeyondChron]
Major Eviction Defense Legislation Hits Board Tomorrow [SFHomeBlog]