Bevan Dufty is proposing a new TIC lottery system whereby folks who have made it into the lottery process will have improved chances after each year when they are not chosen. An article in the Examiner this morning discusses one TIC owner’s concern that he could be waiting indefinitely to get the lucky pick.

“Peter Holden, a San Francisco clerk who 20 years ago bought the four-unit Hayes Valley building he lives in, said he hopes Dufty’s new plan goes ahead because it offers some certainty that he can eventually get out of the landlord business without having to sell his property.”

“Under the old system,” he said, “I see my chances decreasing forever.”

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