The tactic has worked for some working-class tenants South of Market.READ MORE: Santa Rosa Neighbors Blame City After Creek Overflows, Flooding Homes, Forcing Evacuations
The San Francisco Community Land Trust, along with other organizations purchased the five unit building on Natoma near Sixth Street.
Supervisor Jane Kim told KCBS that “For every two units of affordable housing we build, we lose one rent-controlled unit here in San Francisco. And, rent-controlled units are our housing stock for middle class and working class residents.”READ MORE: Los Gatos Mayor Issues Warning To Residents To Stop Harassment At Council Meetings
Teddy Ortega has lived in the building for forty years.
“I cannot afford to move out, because rent is skyrocketing, it’s expensive. It’s terrible. That’s why I don’t know where to go. It relieves my worries now because of the community land trust,” Ortega said.MORE NEWS: Lowell High School Alumni File Lawsuit To Reinstate Merit-Based Admissions
The land trust ends up owning the land, while the residents inside formed a co-op to buy the building.