The legislation increasing Ellis Act relocation payments passed out of the Land Use and Economic Development Committee yesterday and will get a vote from the full Board of Supervisors on Tuesday, April 1st. The legislation would increase Ellis Act relocation payments to the greater of (1) the current relocation payment, or (2) the difference between the tenant’s current rent and the prevailing rent for a comparable apartment in San Francisco, taken out over a two year period.
This would significantly soften the blow of an Ellis Act eviction, especially for long-term tenants whose rent is well below the prevailing rents. In some cases, this legislation may deter speculators and developers from Ellising the building.
UPDATE: The Board of Supervisors’ vote on Sup. Campos’s legislation was continued to the April 8, 2014 session.