Next week will be an eventful one. Here's what's in the cards.
When it rains, it pours. Brace yourself for a series of monumental developments next week on many fronts.
In San Francisco, the Mayor's Office of Housing and Community Development (MOHCD) is expected to publish a list of "qualified nonprofits" that are entitled to get first crack at multi-unit buildings that are going up for sale in the city, thanks to the Community Opportunity to Purchase Act. We provide a background on the nascent legislation here.
The City of Alameda will also revisit and attempt to consolidate its patchwork of rent and eviction controls. Regardless of the City Council's consensus on fine tuning its laws, uncertain owners can be relieved to know a sense of finality to Alameda's regulatory regime is in sight. In our latest legal update, we take inventory of what's on the table.
Pivoting to the dome of the Capitol, the Senate Appropriations Committee will decide whether statewide rent control will advance to an up or down vote on the full Senate floor, or if the ill-conceived measure dies on the vine.
As a reminder, weekends and court holidays will not count toward the expiration of three-day notices and if you missed our earlier memos on the change of arithmetic, you can get it here.
There's quite a lot to take in, but we'll take the personal approach at Fort Mason on September 17th to break it all down in easily digestible terms. If you haven't already registered, we cordially invite you to register for the informative, fun and sociable event here.
Dedicated to keeping you in the know and powering through your real estate challenges,
The suspense will be over September 3 regarding the sale of multi-unit properties.
A list of "qualified nonprofits" furnished by the Mayor's Office is expected to be forthcoming.