City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
061566
Name:
Limited equity accumulation for membership shares
of ROOTS Program Assisted Housing Cooperatives
Status:
Type:
Ordinance
Passed
File created:
In control:
11/14/2006
Board of Supervisors
On agenda:
Final action:
2/22/2007
Enactment date:
34-07
Enactment #:
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
Attachments:
1. Leg_Ver1, 2. Leg_Ver2, 3. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/14/2006
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Land Use and Economic
Development Committee
1/31/2007
1
RECOMMENDED AS AMENDED
Land Use and Economic
Development Committee
1/31/2007
2
Pass
PASSED ON FIRST READING
Board of Supervisors
2/6/2007
2
Pass
FINALLY PASSED
Board of Supervisors
2/13/2007
2
Pass
APPROVED
Mayor
2/22/2007
2