> to be replaced by brand new rent controlled units.
will it be rent control with new rent price baseline? Where people from demolished apartments will be living until new apartment will be built?..
will it be rent control with new rent price baseline? Where people from demolished apartments will be living until new apartment will be built?..
It would be a new baseline, but at a rent that would be calculated to be affordable to the tenant’s income: “The developer agrees to provide … right of first refusal … at an affordable rent” https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm.... For low-income tenants, this would most likely be even lower than the rent controlled rent. For very-low income tenants who do not qualify for any other program (other programs such as Inclusionary Housing typically have narrow income bands as a % of AMI), they would have a home almost for free. For higher-income renters, they could see a rent increase.
> Where people from demolished apartments will be living until new apartment will be built?
SB 330 requires “Relocation benefits” according to §7260, but I think San Francisco’s local relocation payments are already higher (currently $7,540/tenant, up to $22,618/unit, plus $5,027 per elderly/disabled tenant https://sf.gov/sites/default/files/2023-02/579%20Multilingua...)