Great article. Crisis looming. CHPC is the definitive expert on this and has been tracking for the last several years. Pols and development advocates are just waking up to it. Here forward, we need all AH to be deed restricted for "life of the building," not just 45 or 55 years.https://twitter.com/MarisaKendall/status/1095382562883522560 …
Why is it always only deed restricted for 45 to 55 years?
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Don't know. It's embedded in State law. We tried to change that in SB35 and AB73, but easier said than done. We changed it to "life of the building" in SF after the last debacle of deed expirations in the 1990s. Needs the Governor's people to step in and fix that statewide.
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Which section?
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