Tenants Clash with Homeowners Over New Condo Conversion Legislation

by Beyond Chron (reposted)

Thu, Mar 31, 2005 9:17AM

group of tenant advocates rallied on the steps of City Hall yesterday to oppose new legislation that would allow hundreds of owners of “tenancies in commons” (TIC’s) to convert their homes into condominiums.

The rally preceded a contentious Land Use Committee hearing pitting those concerned with the wave of evictions such legislation could spark against droves of property owners claiming they had a right to circumvent city law in order to turn a profit. The Committee, which voted to send the legislation to the full Board of Supervisors, ultimately sided with the latter.

The new legislation, sponsored by Supervisors Bevan Dufty and Michela Alioto-Pier, would create a massive loophole in San Francisco’s current law surrounding the conversion of housing units into condominiums. As it stands, those who purchase a TIC – a building in which several parties own the building, share the mortgage, and live in separate units – must enter a lottery before they’re allowed to convert their specific unit into their own private condominium.

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