Board of Supervisor David Chiu proposed Tuesday that tenants get the right of first refusal when their buildings go up for sale.
In similar legislation adopted in Washington, D.C., Baltimore, MD and the State of Florida,
tenants are provided notice that the property will be up for sale and have a specified amount of
time to match sale terms offered by another party.
“We need to do more to put housing in the hands of San Francisco tenants who are in danger of
being evicted by speculative investors,” said Supervisor Chiu.
When exercised successfully, two outcomes would be created:
• Stabilizing the existing residential diversity in our neighborhoods; and
• Creating long-term, affordable, workforce homeownership or rental housing