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Blog Archives: July 2017

NAR Urges FCC to Maintain Net Neutrality

July 28, 2017
JULY 21, 2017 BY MELANIE WYNE, DAN BLAIR NAR filed comments with the Federal Communications Commission on Monday July 17 urging the agency to maintain the Open Internet Order that was put into effect in 2015.  This order creates rules establishing network neutrality.  The FCC has proposed rolling back those rules and is currently seeking public comment. Net neutrality is shorthand for the concept that Internet users should be in control of what content they view and what ...

The Mark Company Monthly Reports San Francisco July 2017

July 26, 2017

San Francisco Reworks its Program for Requiring Developers to Assist With Affordable Housing

July 20, 2017
July 20, 2017   On July 18, the Board of Supervisors passed a new law that changes the affordable housing requirements relating to the construction of market rate units. The new law affects new market rate housing developments of 25 or more dwellings units and expands the amount of affordable housing that will be oriented toward the middle income wage earner. The new law is based on the authority granted by local voters to the Board of Supervisors by Proposition C to change the percentage of required affordable units approved under Prop ...

California State Senate approves real estate transaction fee to fund more affordable housing

July 16, 2017
The California State Senate on Thursday approved a new fee on real estate transactions that lawmakers said could generate as much as $300 million in funding to build more affordable housing statewide. The bill passed 27-12 and now heads to the state Assembly. As it is written now, it would impose a $75 fee on real estate transaction related documents like deeds a notices, with a $225 cap. It would not apply to commercial or residential transactions but would be required for other real estate deals such as mortgages or refinancing ...

SF to explore taxing property owners who keep buildings, units vacant

July 14, 2017
City officials have started to more seriously discuss imposing a tax on vacancies. Supervisor Aaron Peskin requested the City Attorney’s Office on Tuesday “to explore legislation that would allow the city and county San Francisco to impose a vacancy tax on property owners to help mitigate the impacts of the widespread practice of warehousing valuable residential and commercial units.” He said, “I continue to receive emails and requests from constituents to address the overwhelming number of vacancies both commercial and residential that ...