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Ordinance would let tenants seek rent‑board relief for general‑obligation bond pass‑throughs; passes first reading
Summary
An ordinance advanced Oct. 22 would allow tenants who receive pass‑through charges tied to general‑obligation bond repayments to petition the Rent Board for hardship relief, create a use‑it‑or‑lose‑it limit on banking pass‑throughs, and extend the time tenants have to pay such charges. The measure passed its first reading unanimously.
The Board considered an ordinance (Item 22) forwarded from the Rules Committee that would amend the city’s Administrative Code to allow tenants who received a pass‑through of general‑obligation (GO) bond repayment costs from their landlords to petition the Rent Board for financial‑hardship relief. The ordinance also would limit the number of years a landlord may “bank” pass‑through charges when a new owner assumes control, and extend the time period tenants have to pay such pass‑throughs.
Supervisor Aaron Peskin, who sponsored the legislation, traced the history of the city’s…
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