"The bill increases the rental assistance provided by developers for lower income tenants - those making up to 80 percent of the area median income, or $87,300 for a single person - displaced by building demolition, fires and renovations. It also requires developers meet more criteria if they want to demolish part or all of a building."
""Over the last year, so many of our housing policy discussions in this committee have been focused on streamlining and rezoning," Supervisor Chyanne Chen, who sponsored the ordinance, said at a committee meeting Monday, before the bill advanced to the full board on Tuesday. "This legislation attempts to center the conversation to address the impacts to existing tenants and residents.""
"Under the new law, developers would be required to meet at least six of the following eight criteria if they want to demolish existing housing that has been occupied by tenants in the past ten years: The new project must be a rental project The owner must have lived there for at least three years if there was an owner-move-in eviction The number of units in the new building must be more than before The new project must have more rent-controlled units than before"
San Francisco supervisors unanimously passed a law granting displaced lower-income tenants three and a half years of rental aid. The measure raises developer-provided rental assistance for tenants earning up to 80 percent of area median income, defined as $87,300 for a single person, when displacement occurs from demolition, fires, or renovations. The ordinance requires developers to meet at least six of eight specified criteria to demolish housing occupied within the last ten years, including producing rental projects, increasing total units, and providing more rent-controlled units. City planning staff worked with tenant advocacy groups amid rising rents and recent citywide upzoning.
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