San Francisco Expedited Conversion Program
Yesterday the San Francisco supervisors voted to approve what was called The condominium conversion lottery reform and bypass legislation, and is now being called the San Francisco Expedited Conversion Program by a vote of 8-3 making a veto by the Mayor Ed Lee impossible.
To see a break down of what the new law would mean click here: Sirkin & Associates Expedited Conversion Program Breakdown
The implications are complicated to understand especially when trying to understand where, as a TIC owner, you may fall within the law.
Find out: When the law would take effect, which buildings qualify, what the owner occupancy requirements are, how building eviction history effects conversion, what the cost of conversion will be per unit, etc.