Supes scramble to find TIC deal 

click to enlarge Supervisor Norman Yee
  • Supervisor Norman Yee

Some San Francisco supervisors are scrambling to find an acceptable compromise that would prevent condo-conversion legislation by Supservisors Scott Wiener and Mark Farrell from becoming a bitter battle that could be a no-win situation for centrists.

The Bay Guardian reports today that Board President David Chiu is meeting with tenant groups and trying to craft an alternative to the proposal, which would allow some 2,000 tenancy in common units to convert to condominiums. Wiener says the legislation is needed to provide housing stability to people in the almost-but-not-quite-a-condo world of TICs. Tenant activists who have met with Chiu say he's discussing ways to limit speculation, which might include a five-year ban on the resale of converted condos. But that won't be anywhere near enough for the tenant groups.

In fact, tenant and landlord groups are both talking to Supervisor  Norman Yee, who will be one of the swing votes, and who could introduce a series of amendments to the Wiener/Farrell bill that would be more palatable to tenants.

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Monday, Jul 25, 2016

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