IS THE CITY WAITING FOR THE SALE OF THE FOUR PROPERTIES OF TNDC TO ANNOUNCE THEY WILL BE DECOMMISSIONED AS SINGLE RESIDENCY OCCUPANCY (SRO), AND WHY WOULD THEY DO THAT?
By Rebecca Dawn Wu If an SRO like the four that are being sold by the Tenderloin TNDC are run by a non-profit and decommissioned, then they must provide future placement of its tenants and absorb the costs. But in that narrow window where the new owner has the time to decide if it will continue to have the property run by a non-profit, or be converting it to for profit, and the city declares it will be decommissioned as an SRO, then the new owner has options they would not otherwise have,...
