San Francisco Mayor Ed Lee has come to the defense of the city’s technology industry, saying the job growth in the tech sector should not be blamed for skyrocketing rents in the city.
Responding to a lack of affordable housing in San Francisco, Mayor Ed Lee announced an executive order putting construction of new units on the fast track. The move comes amid protests over an increasing number of evictions under the state’s Ellis Act.
San Francisco currently has the highest average rent in America. Meanwhile, real estate speculators are cashing in on the boom by snapping up buildings and evicting longtime tenants.
Amid increased tensions between many long-time San Francisco residents and the technology industry, Mayor Ed Lee plans to meet with tech sector leaders on Monday afternoon.
San Francisco Board of Supervisors’ President David Chiu is seeking affordable housing options for tenants with two proposals. One deals with Ellis Act evictions and the other with in-law units.
Qualifying first-time home buyers looking to crack the San Francisco housing market are being encouraged to enter a lottery for below market rate condominiums in the Hays Valley neighborhood.
Politicians and tenant’s rights activists blocked the stairwell of a Jackson Street apartment building in San Francisco Wednesday to show support for the Lee family who are scheduled to be evicted under the Ellis Act because a new property owner bought their building.
San Francisco’s first responders will be eligible to receive up to $100,000 in assistance for a down payment on a home through a program launched Tuesday by city officials.
Affordable housing advocates held a protest outside the Santa Clara County Housing Authority on Tuesday over proposed cuts to Section 8 housing vouchers.
San Francisco Board of Supervisors’ Land Use Committee has approved a compromise plan dealing with condo conversions that’s making affordable housing advocates happy if the full board decides to pass it.