Housing Preservation: Mayor Makes Five Properties Permanently Affordable

WASHINGTON, DC – March 14, 2016 – (RealEstateRama) — Mayor Edwin M. Lee today announced the acquisition and preservation of five apartment buildings consisting of 19 units of rental housing whose tenants and residents had been served with Ellis Act eviction notices. The projects are part of the City’s Small Sites Program (SSP) which provides financing for the acquisition and rehabilitation of privately owned properties in order to protect existing and often long term and diverse tenants from eviction and establish long-term housing affordability in San Francisco.

“We are fighting evictions throughout the City to make sure longtime, diverse tenants stay in their homes,” said Mayor Lee. “Even as we build more affordable housing throughout our City, we must continue to do more to preserve our precious housing stock and protect existing tenants through innovative programs like this one.”