{"id":3361,"date":"2012-02-02T12:37:03","date_gmt":"2012-02-02T20:37:03","guid":{"rendered":"http:\/\/www.fogcityjournal.com\/wordpress\/?p=3361"},"modified":"2017-05-28T17:15:09","modified_gmt":"2017-05-29T01:15:09","slug":"group-seeks-condo-lottery-bypass-raise-funds-for-affordable-housing","status":"publish","type":"post","link":"https:\/\/www.fogcityjournal.com\/wordpress\/3361\/group-seeks-condo-lottery-bypass-raise-funds-for-affordable-housing\/","title":{"rendered":"Group Seeks Condo Lottery Bypass,
Raise Funds for Affordable Housing"},"content":{"rendered":"
\"\"

Members of a home-ownership group, Plan C, held a rally on the steps of City Hall yesterday to announce its proposal to allow for a one-time bypass of the city's condo-conversion lottery in exchange for a fee earmarked for affordable housing. Photos by Luke Thomas.<\/p><\/div>\n

By Luke Thomas<\/strong><\/p>\n

February 2, 2012<\/p>\n

Members of a home-ownership group held a press conference on the steps of San Francisco City Hall yesterday to announce its support for reform legislation it is sponsoring that aims to allow a one-time, fee-based, bypass of the city\u2019s condo lottery.<\/p>\n

The group, Plan C, estimates as much as $25 million could be raised for the construction of affordable housing.<\/p>\n

\u201cWe\u2019ve been fighting for this for ten years and have gotten nowhere,\u201d said Plan C co-chair Mike Sullivan. \u201cWhat\u2019s different this year is that we\u2019re not just asking for more condo conversions, we\u2019re suggesting that condo-converters pay a fee that would go to affordable housing and we think it could raise up to $25 million for affordable housing in this city.\u201d<\/p>\n

Though the group has yet to iron out a fee-based structure based on lottery seniority, the fees could be as low as $10 thousand and as high as $25 thousand per conversion, Sullivan said.<\/p>\n

\"\"

Plan C co-chair Mike Sullivan (center) with Supervisor Scott Wiener (left) and Mark Farrell (right).<\/p><\/div>\n

The City instituted a curb on condo conversions in response to increases in \u201cno fault\u201d tenant evictions, limiting conversions via a lottery to 200 per year. Currently there are 2,391 homeowners waiting in line for their chance to convert their tenancy-in-common mortgages into less costly and restrictive joint tenancy instruments.<\/p>\n

Though Plan C says only existing TIC homeowners in the condo lottery would be eligible for the one-time bypass conversion, opponents argue the proposal would ultimately lead to more tenant evictions.<\/p>\n

\u201cLetting these TICs automatically become condos will lead to more conversions and evictions,\u201d said Tenants Union Director Ted Gullickson. \u201cThese TICs were created to get around the city\u2019s condo conversion law which protects tenants and they should not be allowed to get the high value of a condo now, after they chose to exploit loopholes to avoid condo conversion limits on evictions.\u201d<\/p>\n

District 2 Supervisor Mark Farrell and District 8 Supervisor Scott Wiener were in attendance at the press conference and are expected to sponsor Plan C\u2019s proposal through the legislative process. Wiener, whose District has the highest number of TICs in the City, said the proposed condo bypass would not impact existing rental stock or lead to more evictions.<\/p>\n

\u201cThese are owner-occupied units so they are no longer rentals,\u201d Wiener told FCJ. \u201cWe\u2019re only talking about existing stock. We\u2019re talking about a one-time bypass for existing owner-occupied units that are eligible for the lottery, meaning there\u2019s been no Ellis Act evictions.\u201d<\/p>\n

Farrell, himself a two-time former TIC owner and a former Plan C board member, said, \u201cHome ownership should not be a four-letter word in this city and I do believe we can have home ownership rights \u2013 and protect those rights \u2013 and also tenants rights here in San Francisco.\u201d<\/p>\n

\u201cWe have evictions at an all-time low,\u201d Farrell added. \u201cWe have a huge need for affordable housing here in San Francisco and this condo bypass lottery is our one opportunity to create millions of dollars for affordable housing.”<\/p>\n

Six votes are needed to pass legislation on the eleven-member Board of Supervisors. If the proposed legislation fails at the Board, Plan C will look to the 2013 ballot for approval, Sullivan said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The City instituted a curb on condo conversions in response to increases in \u201cno fault\u201d tenant evictions, limiting conversions via a lottery to 200 per year. Currently there are 2,391 homeowners waiting in line for their chance to convert their tenancy-in-common mortgages into less costly and restrictive joint tenancy instruments.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222,17],"tags":[1185,1187,1184,1186,587,1050,960],"class_list":["post-3361","post","type-post","status-publish","format-standard","hentry","category-news","category-politics","tag-condo-conversion","tag-lottery","tag-mark-farrell","tag-mike-sullivan","tag-plan-c","tag-scott-wiener","tag-ted-gullickson"],"yoast_head":"\nGroup Seeks Condo Lottery Bypass, Raise Funds for Affordable Housing - Fog City Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fogcityjournal.com\/wordpress\/3361\/group-seeks-condo-lottery-bypass-raise-funds-for-affordable-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Group Seeks Condo Lottery Bypass, Raise Funds for Affordable Housing - Fog City Journal\" \/>\n<meta property=\"og:description\" content=\"The City instituted a curb on condo conversions in response to increases in \u201cno fault\u201d tenant evictions, limiting conversions via a lottery to 200 per year. 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