Why You Should Vote NO on Prop. 10

Voting Season is Right Around the Corner; Let’s Take a Minute to Learn About Prop. 10

Right now, the state of California is in the midst of a housing crisis. This is causing current housing units to become less affordable and less available everyday. With this problem getting worse, one may ask how California citizens can help steer California away from this crisis. The answer? By voting NO on Proposition 10 on the November ballot.

What is Prop 10?

According to the California Attorney General and BallotPedia, Proposition 10 is an initiated state statute that would repeal the Costa-Hawkins Rental Housing Act, an act that limits the use of rent control in California, thus allowing local governments to adopt their own, possibly more extreme rent control ordinances—regulations that govern how much landlords can charge tenants for renting apartments and houses.

Why Is This Bad?

Proposition 10 will cause the amount of available housing to decrease, further plunging California into its existing housing crisis. This is a huge threat to low-income families. They will struggle to find housing that they can easily afford. This will cause California’s rate of homeless occupants to grow.

Let’s take a step back. You may be wondering at this point, “How will Prop. 10 do all of these things?” If the government repeals Costa-Hawkins, then each jurisdiction in California will be allowed to set their own rules and regulations regarding rent control. This will make it acceptable for government officials in each area to set what they believe is the best solution for the housing crisis, but just because one group of people believe that they have the best solution, that doesn’t mean that it is the best solution, and this could cause tension between citizens and officials in each area of California.

By leaving these decisions up to the state government, it is assuring that each jurisdiction is held to the same standards, thus maintaining equality for renters all over the state. By keeping Costa-Hawkins in tact, it maintains an equal playing field for everyone involved, including renters, building owners, and government officials. Keeping Costa-Hawkins means that there will be one statewide jurisdiction regarding rent control. Individual counties will not be able to take advantage of the rent control  system and create unfair housing situations for others.

How Can You Help?

Voting “no” on Prop. 10 would be a great place to start. By voting “no” on Prop. 10, you are telling the government that you do not support Costa-Hawkins repealed. To put it in simpler terms, you are telling the government that you don’t want each jurisdiction to set their own laws regarding rent control. You are saying that you want there to be one, statewide law. This way, no one area can put it’s citizens in an unfavorable financial situation. By doing so, you’re assuring that California remains equal for all, and that no one will be taken advantage of.

For more information about Proposition 10, and all of the other propositions on this year’s ballot, we encourage you to read the Official Voter Information Guide. Remember to stay informed, and get out there and vote!

Renting Below Market Rate (BMR) Units In San Francisco

What steps need to be taken by developers to lease their San Francisco Below Market Rate Housing? It critical that these units be given priority as they can impact the grand opening of the market rate units in the same building. This posting gives a high level overview of the general steps and timeline.

If you are building  in San Francisco be aware  that the  San Francisco Mayor’s Office of Housing and Community Development Below Market Rate (“BMR”) Inclusionary Housing Program requires some developers to sell or rent 12% of units in new developments at a “below market rate” price that is affordable to lower or middle income households. The program is governed by Planning Code Section 415 and by the City and County of San Francisco Inclusionary Affordable Housing Program.  The program is administered by the Mayor’s Office of Housing and Community Development (“MOHCD”) and as of this writing,  includes over 600 affordable rental units all around San Francisco. In most cases, BMR rental units are mixed into a larger market rate building. In a few cases, an entire building is made up of BMR units.
For a project to  avoid  delays in launching its market rate units, its critical that the process to rent the BMR units start at least six (6) months ahead of Final Inspection/  Certificate of Occupancy.There are three major components to launching and renting BMR units: Preparation, Marketing/Application Collection, and Selection.
Preparation: The Mayors Office oversees and approves the pricing and marketing of the BMR units.  Part of this approval process is to ensure the project is creating an equal playing field and set of requirements between the BMR and Market Rate Units.  What is asked or required from the BMR applicants, must also be required of the Market Rate applicants.
Marketing/ Application Collection: This is a 28 day process which includes advertising in a predefined number of print publications, including the San Francisco Chronicle or San Francisco Examiner, showing the property and  accepting applications. The number of applications accepted and processed during this time can run into the thousands. This period culminates with a public  “Lottery” in which names are selected from the pool of applications.
Selection: From the pool of names which were selected from the Lottery, applications are run and background information checked. If qualified, they are offered the unit to rent.
Each of these sections as outlined above is a very high level review of the requirements. Before beginning the process,  its highly recommended that you spend a  good deal of time with the Mayors office,  or you seek professional assistance to ensure compliance with the rules and regulations.
For assistance in leasing your BMR units. Contact Eric Baird at eric@relisto.com or call 415-236-6116 x 101
ReLISTO is a San Francisco and Bay Area  Residential Leasing Agency  which provides  services to landlords and developers to  maximize their financial return  on their furnished and unfurnished properties and secure  qualified tenants.  As a full service leasing agency we provide professional services  and staffing to Housing Developers  to properly submit and comply with the San Francisco’s requirements to rent and lease Below Market Rate Housing Units (BMR),  Airbnb Support Services to maximize landlord bookings, roommate finding services and professional relocation services and placement.

Continue reading “Renting Below Market Rate (BMR) Units In San Francisco”

Rentals Needed in Alameda California For Amercia’s Cup

We received a housing request today for executive type quarters, with a five month contract in Alameda California.  Property must be in very good to excellent condition, well maintained and nicely furnished. If you are the owner of such a property  in Alameda or elsewhere in the Bay Area, including Oakland, Emeryville, Treasure Island, Marin, Sausalito San Francisco and Tiburon,   contact  ReLISTO.com to make it available for the Cup.

ReLISTO, a real estate leasing brokerage  specializes exclusively in the leasing / renting of  real estate, including   furnished and  unfurnished   residential  housing, commercial properties as well as relocation services. For 2012 and 2013  ReLISTO will  be extending its premier  services to support the housing needs of the  America’s Cup  and to support local  Bay Area Landlords,  by providing   listing, relocation and placement services for the event.

 

For More Information Contact:

ReLISTO

Service@ReLISTO.com

510-735-8894 x 101

415-236-6116 x 101