Part of the tech backlash occurring in SF right now is due to evictions by real estate speculators. Please help stop evictions in SF by having your Company sign on to the below letter for Senator Leno. For questions contact Jeremy@sfciti.com. To add your Company to the list of signatories, click the link below to send an email:
LETTER FOR STATE SENATTOR MARK LENO:
The following members of sf.citi are writing to register support for SB 1439.
The bill would prohibit rental property owners in San Francisco of less than five years from invoking the Ellis Act, threatening to invoke the Ellis Act, or prosecuting an unlawful detainer (eviction) action based on the Ellis Act.
Real estate speculators are misusing California's Ellis Act to evict long-term rent paying tenants, who have done nothing wrong but are casualties of a loophole in the Act that must be closed to prevent further displacement.
The Ellis Act was adopted to allow landlords to exit the rental business, not to give windfall profits to speculators willing to exploit the Act by entering the rental business just to exit it. These speculators are exploiting a loophole in the Act that allows them to buy a building and then immediately "exit the rental business" through mass evictions of low and middle-income tenants. The stories are heartbreaking, with families, seniors, and disabled San Franciscans losing their long-term homes.
Almost two-thirds of San Franciscans are renters, one of the highest percentages of any city in the country. San Francisco needs additional tools to protect its renters and prevent misuse of the Ellis Act. The Act already empowers San Francisco to adopt specified rules to mitigate the impact of eviction and prevent re-rental in violation of the Act. SB 1439 will expand these powers to allow the city to block the misuse of the Act by speculators.
We strongly support the passage of SB 1439.
FYI OTHER ORGS SUPPORTING SB 1439:
|Airseed||Kite Solutions, Inc.||Xoom Corp.|
|AppMesh Inc.||Mesosphere, Inc.||YouBetMe|
|Automatic Labs||Nashville West Studios||Zackees, Inc.|
|Box||Newsle, Inc.||Private Individuals|
|Crate Labs, Inc.||Peers|
|Data Elite||Project Homeless Connect|
|Events By Collette||Salesforce|
|Exygy||Silicon Valley Bank|
|Eyegroove||Social Bet, Inc.|
|Fido Labs||Splice Vine|
|Getable, Inc||SV ANGEL|
|HandUp PBC||Tennis Round, Inc.|