Thanks to one of my colleges, Derek Chin and his mortgage broker Gordon Friedman, for the heads up on the upcoming TIC summit on September 20, 2007.

According to Gordon, Phil Ting, the Assessor, will be announcing a plan to issue separate tax bills or at least separate tax statements to TIC owners which will be a very welcome, dare we say overdue, step for current and future TIC owners. Definitely worth attending to show support even if you aren’t a current TIC owner. Tenancy in Common ownerships are one of the more affordable housing options in San Francisco and any sensible* move the city can do to help support housing affordability is welcomed by all. Check out the San Francisco Tenancy in Common Coalition http://www.sfticcoalition.com/ for more detailed information and make sure to spread the word!

Date: September 20, 2007
Time: 6:30 to 8:30pm
Location: St. Marys Cathedral Basement Level 1111 Gough Street at Geary.

Free Parking

Scheduled speakers: Supervisor Sean Elsbernd, Assessor Phil Ting, Sterling Bank, Bank of Marin, America California Bank, and Circle Bank.

* Don’t get me started on the lunacy of the Below Market Rate housing programs and their everchanging rules…

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