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Legislative Highlights for CA and SF - March 2020
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.
- CA Prop 13 - Split Roll Tax
- SF Proposition D - Vacancy Tax on Vacant Retail
- SF Proposition E - Limits on Office Development
Legislative Update - Community Opportunity to Purchase Act
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.