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Supervisors press mayor on $600M commercial rent backlog; City moves to create commercial rent relief fund
Summary
Supervisors received an updated estimate of commercial rent delinquency exceeding $600 million and discussed a proposed city commercial rent relief fund; the Board passed an ordinance establishing the fund on first reading.
San Francisco supervisors on Sept. 21 pressed Mayor London Breed and city staff about a new estimate showing more than $600 million in unpaid commercial rent through August 2021, and moved forward with an ordinance to create a commercial rent relief fund for small businesses.
Supervisor Raza Safaie introduced the topic during the mayor’s question‑and‑comment period, citing a Budget and Legislative Analyst update that estimated commercial back rent at over $600 million — up from earlier estimates near $200–$400 million. “With this number of over $600,000,000 estimated in commercial rent delinquency,”…
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