3 ms·

> to be replaced by brand new rent controlled units. will it be rent control with new rent price baseline? Where people from demolished apartments will be livi

> to be replaced by brand new rent controlled units. will it be rent control with new rent price baseline? Where people from demolished apartments will be living until new apartment will be built?..

acchow 3y ago
No, no new price baseline. If the same tenants move back into the replaced unit, they continue at the rate as if their lease had been continuous (plus rent control raise limits)
- jalapenos 3y ago
  That's a pretty good deal. Almost as if having gained tenancy in a rent-controlled property is a (non-transferable) asset worth more than the property itself.
  - YokoZar 3y ago
    Yes, that's exactly why "tenant buyouts" are a thing in San Francisco. They've created a property right for renters, as well as weird concepts like the "master tenant".
- 8organicbits 3y ago
  Is the new apartment guaranteed to be the same size as before?
  - yonran 3y ago
    SB 330 defines “Equivalent size” as same number of bedrooms. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB330 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...
yonran 3y ago
> will it be rent control with new rent price baseline? It would be a new baseline, but at a rent that would be calculated to be affordable to the tenant’s income: “The developer agrees to provide … right of first refusal … at an affordable rent” https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB330 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm.... For low-income tenants, this would most likely be even lower than the rent controlled rent. For very-low income tenants who do not qualify for any other program (other programs such as Inclusionary Housing typically have narrow income bands as a % of AMI), they would have a home almost for free. For higher-income renters, they could see a rent increase. > Where people from demolished apartments will be living until new apartment will be built? SB 330 requires “Relocation benefits” according to §7260, but I think San Francisco’s local relocation payments are already higher (currently $7,540/tenant, up to $22,618/unit, plus $5,027 per elderly/disabled tenant https://sf.gov/sites/default/files/2023-02/579%20Multilingual%20Relocation%20Payments%2037.9C%2023-24%20%283.1.23%29.pdf https://sf.gov/sites/default/files/2023-02/579%20Multilingua...)

> to be replaced by brand new rent controlled units. will it be rent control with new rent price baseline? Where people from demolished apartments will be living until new apartment will be built?..

acchow 3y ago

No, no new price baseline. If the same tenants move back into the replaced unit, they continue at the rate as if their lease had been continuous (plus rent control raise limits)

jalapenos 3y ago
That's a pretty good deal. Almost as if having gained tenancy in a rent-controlled property is a (non-transferable) asset worth more than the property itself.
- YokoZar 3y ago
  Yes, that's exactly why "tenant buyouts" are a thing in San Francisco. They've created a property right for renters, as well as weird concepts like the "master tenant".
8organicbits 3y ago
Is the new apartment guaranteed to be the same size as before?
- yonran 3y ago
  SB 330 defines “Equivalent size” as same number of bedrooms. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB330 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm...

yonran 3y ago

> will it be rent control with new rent price baseline? It would be a new baseline, but at a rent that would be calculated to be affordable to the tenant’s income: “The developer agrees to provide … right of first refusal … at an affordable rent” https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB330 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm.... For low-income tenants, this would most likely be even lower than the rent controlled rent. For very-low income tenants who do not qualify for any other program (other programs such as Inclusionary Housing typically have narrow income bands as a % of AMI), they would have a home almost for free. For higher-income renters, they could see a rent increase. > Where people from demolished apartments will be living until new apartment will be built? SB 330 requires “Relocation benefits” according to §7260, but I think San Francisco’s local relocation payments are already higher (currently $7,540/tenant, up to $22,618/unit, plus $5,027 per elderly/disabled tenant https://sf.gov/sites/default/files/2023-02/579%20Multilingual%20Relocation%20Payments%2037.9C%2023-24%20%283.1.23%29.pdf https://sf.gov/sites/default/files/2023-02/579%20Multilingua...)