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Richmond district feels housing crunch

October 1, 2015

By  : sfexaminer – excerpt

By many accounts the Mission is Ground Zero for The City’s housing crisis, where more than 900 low- and moderate-income families have left in the past five years, and frequent protests aim to curb the neighborhood’s real estate frenzy.

But recent efforts by tenant rights organizations and city officials reveal parts of San Francisco perhaps previously considered immune to the housing crisis — including the foggy Richmond district — are also feeling the squeeze.

“What we’re seeing in the Richmond district is that there are very nice, large flats in apartment buildings … that are coming on the market,” said Tracy Parent, organizational director of the nonprofit San Francisco Community Land Trust, which turns apartment buildings into resident-controlled housing.

“Some cases don’t even have to list the property on multiple listing service,” Parent added. “There’s so many buyers out there … they can even find a buyer without putting it on the public market.”

That’s where the Community Land Trust steps in. Since 2001, the organization has purchased eight properties, primarily in the Mission and downtown neighborhoods, and is in the process of acquiring another three in more centrally located neighborhoods… (more)

All one needs to do is look at the Mayor’s Affordable Housing Bonus plan to understand the way City Hall operates and always will unless the election turns things around. Information on the plans are here:

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