Title
Subject: Conversions To Homeowner Condominiums
From: Council President De La Fuente, Councilmembers Brooks and Chang
Recommendation: Approve The Introduction (First Reading) Of An Ordinance To Implement The "Affordable Homes For Oaklanders Plan" By:
1. Amending O.M.C. Chapter 16.36 (Condominium Conversion) To Do The Following: Permit Owners Of Residential Property To Pay Fees For A Housing Trust Fund In-Lieu Of Providing Conversion Rights For The Conversion To Homeowner Condominiums; Require Purchase Price Discounts And Closing Cost Assistance For Tenants Purchasing Their Units; Increase Relocation Assistance To Tenants Who Do Not Purchase Their Units; Establish A Limit Of 800 Converted Units Per Year; And Require An Annual Report; And
2. Amending The Master Fee Schedule To Adjust Application Fees For Conversions To Homeowner Condominiums (TITLE CHANGE)