Support in housing. There are 50 of us coming here to support this proposal. I hope all supervisors will support this t. I. C. To be successful. Cochair kim i have a question for the speaker. Are you a t. I. C. Owner . Translator no. Cochair kim im curious as to why youre speaking on behalf of friends that are t. I. C. Owners or if youre not one yourself, because this doesnt impact t. I. C. Owners in the future that may be looking to buy. This is purely for those that currently have participated in the 20122013 lottery. Translator because i have many neighbors, and relatives. They all have that need. I volunteer in Visitacion Valley for over 20 years. Thank you. Chair wiener thank you. Thank you. If i could just remind, we again, no audible applause, booing, hissing. If you want to raise your hand to express aroofl, thats approval, thats great. Next speaker. My name is kenneth laverne, i live in district 8. Im a renter. I live on social security. Im disabled. I think supervisors are we
Conducted, studying the effects of a condo converse study two years ago. Happy to provide you with that. But thats where that fee emanated from. Cochair kim in terms of depending on the number of years obviously that fee reduces down to 4,000. I know theres concern about whether 4,000 per unit can mitigate the loss of rent control units. Beyond the normal existing procedure that we have currently for to ensure that theres sort of a metered rate at which we lose basically lose rent controlled units. Supervisor farrell i challenge probably the premise of that comment but i will say that the amount of fee reduction was a balancing act and to the City Attorney can speak to further detail about that. We have to match that with the nexus study but also there is at a certain point a breakage point where people will not be incentivized to go forward and pay a fee. If they are seniority base you have a greater chance of winning the lottery. If you have missed it for x number of years you will b
I dont. I suspect youre looking at theres probably conversions in there and new construction. New construction cochair kim i see. So new construction is also included in that as well. Im not sure where those stats came from but i can assure you that 200 no more than 200 units a year get converted from existing residential units. Cochair kim okay. Thank you very much. Sure. Chair wiener president chiu. Supervisor chiu a couple of additional followup questions to supervisor kims questions. This is either to the Controllers Office or to the author of the legislation around the how the fee was set. When i looked at the controllers nexus study on how this was done, i understand this proposal creates a 20,000 conversion fee. And what the nexus Study Suggests is that that would be a potential fee that could be justified for 300,000 t. I. C. , but for 400,000 t. I. C. The nexus Study Suggests that you could have a conversion fee of about 30,000 and for a half a million, 500,000 t. I. C. The ne
Because shes been priced out. Well, i wanted to give you a little Historical Information about what its like to be an aids activist in 2013. What i noticed in 89, and i dont think any of you folks, sitting there, were here in 89 oh, you were. Okay. I dont know how old you were, but my land lady was a small time realtor named greta from skyline. She owned quite a few properties. She decided what a great idea, im going to take advantage of the fact that no one is willing to rent to people with aids. I will. She kicked out people left and right, including me. And tripled the rents. They were happy to have her. No one else was willing. She took advantage. That was in 89. And so im an unhappy native. Im embarrassed of the city. I love this place for almost my whole life. Im very, very ashamed of San Francisco, and the politics. Thank you. Chair wiener thank you. Next speaker please. Thank you. Im max and ive lived in San Francisco for 24 years, lived in district 9 for 21, in the same rent c