Public Housing, Community Friend or Foe?

Affordable housing in San Francisco may be an urban legend. Since 2000 the Bayview Hunter’s Point Community Revitalization Concept Project Area Committee has started to write history. Striving to return balance to a desperate community, historically labeled by crime, gang activity and under employment, the Project Area Committee (PAC) has stepped forward to repair these neighborhoods. Drawing in hungry developers with the promise of $95million residential construction contracts, the committee has lobbied on behalf of this struggling environment. The project

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It’s Politics as Usual at City Hall

San Francisco has a lottery system that selects 200 units annually for conversion into condominiums. With 1,799 units having lost the lottery this year and a multimillion-dollar deficit to close, Mayor Gavin Newsom proposed legislation that would allow these units to bypass the lottery system by paying a $20,000 fee per unit. The cost would’ve been reduced depending on the number of years one had participated in the lottery. But, the proposal was slammed by Budget and Finance Committee Chairman

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Good News Regarding TIC Lottery Bypass…

It’s been about a year and a half that I first starting hearing about momentum building to allow TIC units to pay to bypass the rather byzantine condo lottery system.  I thought it was exciting news, but unlikely to gain traction in our city.  Still, many TIC owners I spoke with were very positive about the possibility.  Now that the city is in financial distress and looking for new income streams, the idea is back and included in the proposed

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Pay to By-Pass Condo Lottery?

I was thrilled to read a proposal today of what could be the most exciting news for TIC owners here in San Francisco…. From The San Francisco Chronicle: Waiting to go condo is San Francisco’s version of waiting for Godot. Building owners can spend years vying for one of 200 condo-conversion slots awarded annually via a lottery. But this year San Francisco is considering letting people skip the line, offering a one-time chance to the hundreds of folks on the

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