With soaring real estate prices, and little supply of homes to occupy, East Palo Alto is considering allowing homeowners to let people live in their garages and storage buildings.
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.
Home sales in the Bay Area and California slid last month amid tight supplies, while prices held steady, a research firm said Tuesday.
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.
A San Jose home that was abandoned for years before being gutted in a fire has sparked a bidding war. Potential buyers told KPIX 5 that they are ready to pay more than the $399,000 asking price.
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.
State Assemblyman Tom Ammiano is bringing legislation to Sacramento which could change the Ellis Act—the provisional law that has been used as a method for tenant evictions in San Francisco.
Tenants advocates in San Francisco want the Board of Supervisors to do more about the number of evictions in the city.