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Committee sends subdivision code cleanup for below‑market‑rate condo conversions to full board
Summary
The committee recommended amendments to the subdivision code to resolve conflicts with the inclusionary manual and clarify resale, marketing, inheritance and refinancing requirements for below‑market‑rate condominium conversion units; the committee forwarded the item with a positive recommendation.
The Land Use and Transportation Committee voted Sept. 8 to send an ordinance amending the subdivision code to the full Board of Supervisors with a positive recommendation. The measure clarifies resale pricing, capital improvement costs, marketing and sales policies for conveyance through inheritance, title changes, occupancy and refinancing of below‑market‑rate condominium conversion units and confirms effective dates for certain provisions.
Maria Benjamin, Deputy Director at the Mayor’s Office of Housing and Community Development (MOHCD), explained the revisions are intended to remove conflicts between legacy subdivision code language and the Inclusionary Manual and to make program rules consistent for homeowners and lenders. Benjamin and Cissy Yin, MOHCD’s director of homeownership, told the committee they are not introducing new policies but are streamlining and reconciling older provisions.
Benjamin said there are 415 condo conversion units in the city; the proposed amendment would apply to 303 of them because 112 original subdividers are not required to sell their units through the city program.
There was no public comment on the item. Chair Mirna Melgar moved to send the ordinance to the Board of Supervisors with a positive recommendation; the motion passed 3-0.
