Senator Mark Leno today joined San Francisco Mayor Ed Lee, other elected officials, tenant advocates, labor groups and business leaders to introduce legislation closing a loophole in the Ellis Act that allows speculators to buy rent-controlled buildings in San Francisco and immediately begin the process of evicting long-term renters.
Impacted by sky-rocketing rents and evictions, San Francisco residents demonstrated Thursday outside Twitter headquarters following the social media company’s highly anticipated first day of trading on the New York Stock Exchange.
A fiery crowd of as many as 50 seniors and their supporters including green-clad, Doctor Seuss-styled grinches, rallied this afternoon in front of Wells Fargo Bank at the intersection of Market and Grant streets, calling on the national bank to halt its evictions of struggling homeowners and to change its foreclosure practices.
The arrests on trespassing and other misdemeanor charges at the two-story building at 888 Turk Street went smoothly according San Francisco police, with demonstrators calling it police repression. As the sun set, about 100 OccupySF demonstrators marched from Civic Center to the Hall of Justice, chanting against police, bringing food and collecting information for legal help as their comrades were released. A few dozen officers in riot gear behind metal barricades watched before demonstrators dissipated.
This Saturday the 14th, evicted tenants and foreclosed homeowners will tell their stories of the impact that bank’s greedy actions have had on them. Banks will be put on notice: You Will Be Held Accountable! Actions will culminate in a January 20th shutdown of San Francisco’s Financial District.