Status Updates From City for Sale: The Transfor...

“Tenants were given a chance to buy their units at 75% of market value, and tenants are offered financing for at least 90% of the selling price. Tenants not wishing to buy could remain with lifetime leases … [Proposition R] lost heavily, [the Housing Board] voted 67% [against the proposition].”

Do you guys remember when private real estate developers coaxed Dianne Feinstein to sell public housing units to redevelop them as office space, furthering housing inequity and displacing residents out of the Mission district?

Now we’re at the housing crisis portion of the book so y’all fasten your seatbelts it’s about to get crazy

bro uses the word “boondoggle” in complete seriousness.

SPUR is responsible for displacing poor elderly residents that lived in low-rent soma hotels and failed to build an adequate housing supply to rehouse these residents. But we got the Moscone Center so that’s cool.

With the support of labor, conventioneers (?), property owners, and exclusive business organizations, favorable press, Mayor Alioto gained the public support needed to rezone soma for the Yerba Buena center, displacing older residents living on welfare in hotels. He also approved SFRA’s plan to redevelop the Western Addition as it was considered “blighted” but really a move to displace the black population.

FUCK benjamin swig (owner of fairmount hotel) for convincing the Bay Area Council (BAC) to rezone 6 blocks in soma so he could resell it at a high place, leading to displacement. I understand trying to get the bag but that’s straight up evil.