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Mayor Lee tells Board he backs study of absentee ownership, reiterates 30,000‑unit housing pledge
Summary
Mayor Edwin Lee told the Board of Supervisors he supports steps to curb absentee ownership of housing and repeated a pledge to build or rehab 30,000 units by 2020, with half set aside as affordable. Supervisors pressed him on new funding sources and legal limits such as Proposition 13.
Mayor Edwin Lee told the San Francisco Board of Supervisors on Dec. 16 that he wants the city to do more to keep neighborhoods “vibrant” and to study options to limit absentee ownership of newly built units, after supervisors raised alarm that luxury condos are being bought and left unoccupied.
The mayor opened the 2 p.m. policy discussion by listing recent city accomplishments and by urging members to support social services during the holidays. “We’re making San Francisco more affordable for our working families,” Lee said, while also acknowledging the city is “not satisfied with the status quo.”
Supervisor John Marr led the questioning, citing reporting that in some new condominium developments more than half the units are owned by people who do not live in them. Marr said…
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