City and County of San Francisco - File #: 061566

• File #: 061566
• Version: 2
• Name: Limited equity accumulation for membership shares of ROOTS Program Assisted Housing Cooperatives
• Type: Ordinance
• Status: Passed
• Introduced: 11/14/2006
• In control: Board of Supervisors
• Final action: 2/22/2007
• Enactment #: 34-07
• Title: Ordinance amending San Francisco Board of Supervisors Ordinance No. 71-06 appropriating $20,000,000 from the General Fund for Affordable Housing projects, including $1,000,000 to the Mayor's Office of Housing (MOH) for the Real Opportunities for Tenants (ROOTS) program, by amending the criteria for the ROOTS program to require that the Articles of Incorporation or the Bylaws of housing cooperatives assisted by ROOTS Program funds, and other applicable documents mandate that membership shares of members who cease to be permanent residents be sold at a price equaling no greater than a transfer value and clarify that resident housing organizations that are assisted by ROOTS must be structured in the form of a cooperative; and adopting regulations governing MOH's administration of the ROOTS program.
• Sponsors: Ross Mirkarimi, Sophie Maxwell

Date	Ver.	Action By	Action	Result
2/22/2007	2	Mayor	APPROVED
2/13/2007	2	Board of Supervisors	FINALLY PASSED	Pass
2/6/2007	2	Board of Supervisors	PASSED ON FIRST READING	Pass
1/31/2007	1	Land Use and Economic Development Committee	AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLE
1/31/2007	2	Land Use and Economic Development Committee	RECOMMENDED AS AMENDED	Pass
11/14/2006	1	President	RECEIVED AND ASSIGNED