Supervisors Wiener, Farrell Revive Divisive, Job-Killing, Condo Conversion Plan

Randy Shawbyline‚ Jan. 24‚ 2013

On January 31, 2012, I described how San Francisco real estate speculators were again seeking to increase condo conversions and eliminate thousands of rent-controlled housing units. The proposal was also a “jobs killer.” Now, with vampire- like power, this often defeated condo plan is back. Sponsored by Supervisors Scott Wiener and Mark Farrell, it will be heard by the Land Use Committee on Monday, January 28. Backed by a small segment of the city’s real estate community, the condo measure is a divisive approach to addressing city housing problems. It sharply contrasts with Mayor Ed Lee’s collaborative strategy, which led to Prop C’s passage (the affordable housing trust fund), and will increase new housing for all income levels. The Wiener-Farrell plan could have come from Congressman Paul Ryan’s playbook, and is at odds with the “we are our brothers’ keepers” value highlighted by President Obama.