Architects ill say at this point, im not adverse interests not an analysis or data to understand how seriously problems there are although weve heard anecdotal evidence of issues weve decided to ask the city administered to convene a working group to Work Together a gadget data specifically to look at the situation is of architects versus engineers and at the end of that time period the Zoning Administrator low provide an analysis and make recommendations open whether there should be additional categories for example, to cart out architect and set that aside as a specific category in indicating committee no one said theyre interested but if youre interested im sure that our Zoning Administrator naomi kelly will be taking recommendations that come out a month from now to potentially turn that into chapter 14. Ill foul. Thank you, colleagues take this item same house, same call . Passed on 7 first reading. Madam clerk. Item 46 was recommended a resolution to approve a contract between th
Less means to do do renovations on their homes to do them in this case, i building this landmark district is in pretty Good Condition and the buildings there are worth 1. 7 million we the people are actually owning those buildings can actually do the renovation without the tax break ill rather we didnt unable to to happen ill be voting against the miles act on those 3 items. Supervisor wiener. Thank you, mr. President i appreciate supervisor avalos remarks but i disagree first of all, its an initial matter colleagues this particular area wasnt 25 or 20 years ago, it was a very challenged neighborhood until recently it was a point challenge due to the incredible work of the residents of that area this has been a drastically improved area the residents of that area deserve a lot of credit we shouldnt reward them but no longer going to give me miles act contracts i want to note that the miles act is not just for obligated properties but to give homeowners an incentive you can do work on H
That item approximately we made an amendment and the language has not been developed so i want to continue it. Supervisor avalos as made a motion to resend seconded by supervisor kim well take that without objection. This is the case and supervisor avalos as making a motion to continue. To december 9th. Seconded by supervisor breed well take that without objection. This is continued to the ninth madam clerk call item 20. Theres an item on the floor mr. President , item 19 youve approved it with an objection were on item 20. If you could call it and to approve the issuance of tax exempt for college of the arts needing 2 of Million Dollars. Colleagues, same house, same call . Item 21. The city manager to exclusive an agreement with the engineers for Specialized Engineering Services for the proposed new head works facility at water floougs pollution control plant. Same house, same call . Well take that without objection. This resolution is adapted. Next item. Mr. President , 0 would you l
Estate transfer tax, shortterm flip property. When a profit is being made off of the sale. If the resale is within the first year of purchase then the tax will be 24 of the retail price. Within two years, 22 . Three years, 20 . Up to five years at 14 . If you buy property and hold onto it for five years or longer it doesnt impact you at all. The tax also focuses specifically on greedy speculators. It does not apply at all to six categories. Singlefamily homes or condos, Owner Occupied tics or tenancy in commons, new construction, buildings over 30 units. When a Property Owner sells their property at a loss, and lastly, sales to create permanently Affordable Housing. We know that speculation leads to increased housing costs. There have been a number of studies showing that. Also, we know that astronomical housing costs like were facing today in San Francisco is the greatest concern of many san franciscans throughout our city from the rich modxctionv to ~ richmonds and other neighborhood
Is important. District 6 is not the only neighborhood that wants targeted Affordable Housing. So, what does this legislation do if passed . One, the legislation asks that the city establish a rolling tenyear count on the number of Affordable Housing produced in comparison to market rate luxury housing. Affordable housing is defined as 120 of average Median Income and below, according to the Mayors Office of housing, 2014 chart, this would include individuals that make 81,550 and under for a family of four 116,500. Were not even talking about just what most residents consider lowincome Affordable Housing. Were talking about the teacher, the principal, beginning firefighter, police officer, and most san franciscans. In fact, 60 of the city make below that amount. Doing a rough count, based on how we have written it in the measure the city is currently i am balanced and will continue to be for the next few years. If we continue to stay imbalanced in the future, this legislation will never