A Plethora of Propositions: Real Estate Tax, Land Use and Governance on the San Francisco Ballot

Originally posted to Unfamiliar Terrain

By Tay Via 

Admittedly the issues may appear benign compared to the Presidential race and the drugs, sex and other provocative topics on the state ballot.  But San Francisco voters again face a long list of significant local propositions on November 8th, and among them are a number of measures impacting real estate taxes, land use and governance.

Unfamiliar Terrain summarizes the key measures impacting our industry:

• Propositions L and M: Shifting authority from the Mayor to the Board with respect to San Francisco Municipal Transportation Authority and the Office of Economic and Workforce Development/Mayor’s Office of Housing and Community Development
• Proposition O: Exempting office space in Hunter’s Point/Candlestick Point from the Proposition M office cap
• Proposition U: Making affordable units available to low and moderate income households
• Proposition W: Increase in transfer tax
• Proposition X: Production, Distribution and Repair space replacement

We hope that our summaries will help you navigate the issues.  And if all else fails, take a break and check out our “What We’re Reading” post.