Supervisors approve new rent-controlled units
for Trinity Plaza
Supervisor Chris Daly championed a cause to protect low income
tenants from displacement culminating in a deal reached between
the City and developers
over the rebuilding of Trinity Plaza. The deal was approved by
the Board of Supervisors Tuesday.
By Elizabeth Daley, Bay City News Service
April 12, 2007
SAN FRANCISCO (BCN) - Building developers and residents
of San Francisco's Trinity Plaza have reached an agreement to
maintain all rent controlled units in a new building to be constructed
at the site of their old home at Eighth and Market streets, a
legislative aide to San Francisco Supervisor Chris Daly said Wednesday.
The agreement passed unanimously by the San Francisco Board of
Supervisors this week, said Daly spokeswoman Rachel Redondiez.
Redondiez said that after a four-year struggle, Trinity Properties
agreed to the demands of residents who organized a citywide campaign
against the demolition of rent-controlled units.
"Over the past four years, I have witnessed a group of everyday
San Franciscans organize to protect their community and to help
save the soul of San Francisco. The tenants of Trinity Plaza truly
love their neighbors and are unsung heroes of San Francisco,"
said Supervisor Chris Daly in a statement. "We are reminded
that protecting the vulnerable is good for all of us"
Redondiez said current tenants would continue to reside in their
old apartments as a new building -- will hold up to 1900 rental
units -- is erected next to them. Once the building is complete,
the residents will have first dibs on apartments in the new building.
The old building will likely be demolished.
According to Redondiez, this is the first time a new building
has been built with units regulated under the city's rent stabilization
ordinance, which was established over a decade ago.
Redondiez said that when developers build new buildings on the
site of demolished rent controlled buildings, developers do not
usually replace the rent-controlled units they destroy.
While there was no law requiring Trinity Properties to maintain
rent-controlled units, Redondiez suggested this new action could
set a precedent for others building in San Francisco.
In addition to maintaining the rent controlled units, 230 new
units will be built under San Francisco's Inclusionary Housing
Program and will be available to households at 60 percent of the
city's median income, which was $66,500 per person in 2005, according
to the San Francisco Board of Supervisors.
Redondiez said the San Francisco Board of Supervisors will hold
another vote on the project next week, and construction on the
new building should be underway within 18 months.
In the final days of negotiations between San Francisco Supervisor
Chris Daly and Trinity Properties, a prohibition of condo mapping
on rent-controlled units and a timeline to deliver the first phase
of the project, including all 360 rent-controlled units within
42 months, was agreed upon.
The city District Attorney's Office also requires the developers
to prioritize local residents and businesses through City Build,
First Source Hiring, and Local Business Enterprise participation,
Daly's office reported.
Copyright © 2007 by Bay City News, Inc. -- Republication,
Rebroadcast or any other Reuse without the express written consent
of Bay City News, Inc. is prohibited.