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Just a few days ago, SB 939 passed the Senate Judiciary Committee on a minimum number of votes.
We remain opposed to the bill as the amendments taken so far do not sufficiently address our concerns. We anticipate a battle once the Legislature continues its discussions and ultimately moves toward a vote before June 26th.
Provided by NAIOP SFBA Local Lobbyist: New Deal Advisers
There are a few current relief measures for both property owners and renters in the Bay Area. These pair with state and federal measures to reduce evictions and foreclosures on residential and commercial property. Here below is a current list of initiatives at the local, state and federal levels to alleviate economic strain for property owners and renters.
"Under the extended Stay Home Order, all construction will be allowed to resume as long as specific safety measures are in place. Certain businesses that operate primarily outdoors, such as plant nurseries, car washes, and flea markets, may reopen under San Francisco’s Order. Any employee of a business allowed to operate under the order can also access childcare programs that are allowed to operate. Some outdoor recreational facilities, like skate parks and golf courses, may reopen. The full text of the new order and answers to frequently asked questions is posted at SF.gov."
The NAIOP SFBA Government Affairs Committee (GAC) has put together the following update for our members to stay informed about California state and San Francisco Bay Area local legislation which may impact the commercial real estate community.
The Community Opportunity to Purchase Act (“COPA”), introduced by San Francisco Supervisor Sandra Lee Fewer, was unanimously co-sponsored and approved during an April meeting of the Board of Supervisors. The the act will amend the San Francisco Administrative Code to give certain qualified non-profit organizations both a right of first offer and a separate right of first refusal to purchase either multi-family rental properties (three units or more), or vacant lots zoned for three units or more.