No Anti-Property Ownership Petition AB2405 & SB1439

We need everyone’s help to flight for property ownership rights by collecting signatures on No Anti-Property Ownership Petition.
No Anti-Property Ownership Petition (AB2405 & SB1439): in the past 3 months, there were 6 laws or legislation enacted by 5 politicians targeting property owners of San Francisco, once a piece of property is rented out, owners would have an impossible time getting it back. Among the 6 laws, 4 revoke the ability to remove illegal in-law apartments, or getting both floors of a single family back using OMI. The only way left in many cases is using Ellis Act. However, the rest of the 2 legislation, AB2405 & SB1439, are announced, to restrict property owners in San Francisco to evoke Ellis Act under any circumstance, regardless the needs to sell the properties, cash out for emergency, divorce, close of business, retirement, or inheritance arrangement. Please sign petition to oppose the SF government robbing property owners of property right and value! / 过去三个月,5位政客针对三藩市业主制定了6条恶法,造成大地震: 一旦房子出租,难以收屋。6条恶法中,其中4条法律,使得业主无法拆除非法姻亲单位,从而无法用“屋主自住”的程序把独立屋的上下两层收回自用,唯一的方 法是使用艾利斯法。但是,剩下的两条新提出的法案,限制业主使用艾利斯法收屋,无论是要卖屋、兑现救命、离婚、结业、破产、还是遗产处理,都不能迁出租 客,收屋自用。请签名反对政府严重侵害业权,掠夺财产。(Check out more info at AsianAmericanVoters.org)

http://www.leginfo.ca.gov/pub/13-14/bill/sen/sb_1401-1450/sb_1439_bill_20140221_introduced.html

http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_2401-2450/ab_2405_bill_20140221_introduced.html

Small Property Owners: http://www.smallprop.org/

Preserve the Ellis Act: http://www.preservetheellisact.org/history/

Enhanced by Zemanta

AMENDED CONDO BYPASS LEGISLATION IS A WOLF IN SHEEP’S CLOTHING

AMENDED CONDO BYPASS LEGISLATION IS A WOLF IN SHEEP’S CLOTHING

At the most recent Land Use Committee meeting on June 4, the committee voted to approve (2-1) the Yee/Chiu Amended Condo Bypass legislation for a vote before the Board of Supervisors on Tuesday, June 11. The goal of the original legislation was to help the 2,000+ current TIC owners to access historically low interest rates. The amended legislation has perverted the original legislation into one that would help these 2,000 TIC owners at the expense of all future condo lottery participants. The amended legislation MUST be opposed because it will permanently cripple the condo lottery by:

  • Suspending the condo lottery for 10 years, no matter how few TICs elect to go through the condo bypass;
  • Creating a “Poison Pill” whereby if anyone sues to challenge the legislation, the condo bypass and the condo lottery are automatically suspended until the litigation is resolved;
  • Preventing qualification for other TIC owners for 3 years from the condo lottery if just one OMI eviction is done;
  • Removing 5- and 6-unit buildings from the condo lottery when it resumes in 10 years; and
  • Increasing the owner occupancy requirements for 3- and 4-unit buildings to qualify for the condo lottery to 2 owners to live in 3-unit buildings and 3 owners to live in 4-unit buildings for 3 years.

The amended legislation effectively eliminates 4-unit buildings from the condo lottery because it would be impossible for a 4-unit building to maintain the same three owner occupancy requirement over the years it would take to win the condo lottery. Buildings of 4, 5 and 6 units are a very important part of the inventory of potential first-time, homeowner housing stock.  As an example, if this legislation were in effect last year, it would have eliminated 47.4% of the units in the lottery.

It is not an exaggeration to say that this legislation will significantly harm the TIC market, an important source of relatively affordable, first-time, homeowner housing stock.

Please let your Supervisors know that the amended legislation hurts homeownership. It only attempts to help current TIC owners as a cover to destroy the condo lottery. In particular, let Board President David Chiu and Supervisor Norman Yee know that you oppose the legislation as amended. They can be contacted at:

David Chiu – David.Chiu@sfgov.org(415) 554-7450

Norman Yee – Norman.Yee@sfgov.org(415) 554-6516

If you live or work in District 10, let Supervisor Malia Cohen know that the amended legislation is a wolf in sheep’s clothing.

Malia Cohen – Malia.Cohen@sfgov.org(415) 554-7670

 

MESSAGE PROVIDED BY SAN FRANCISCO ASSOCIATION OF REALTORS

Enhanced by Zemanta