Supervisors, Mayor Reach Agreement On Eviction Prevention

From BeyondChron,

The San Francisco Board of Supervisors passed landmark legislation yesterday aimed at stemming the tide of speculator evictions sweeping the city. Mayor Gavin Newsom has announced he will sign the measure into law. The proposal will prevent any building where Ellis Act evictions or the eviction of senior, disabled or catastrophically ill people occurs from ever becoming a condominium. In addition, any building where two or more no-fault evictions occur will be barred from becoming condos for 10 years. The legislation’s passage marks a major victory for tenants and the success of years of advocacy by tenant’s rights groups.

This is nothing new since I posted this information yesterday, but there is one interesting piece of the legislation which I missed when I read through the actual amendment...

...the original legislation barred buildings where multiple no-fault evictions occurred from ever entering the lottery for condos. An amendment was made to allow buyers of such buildings to apply for condo conversion, but only after living in their unit for ten years. Currently, applicants have to live in the unit just three years.

So, this isn't a complete denial of condo-convertibility, but kicking that timeframe up to ten years is all but a complete ban...

Condo conversion compromise eases vote on first reading [SFGate]