"The vote was critical: If the supes had allowed the conversion, it would have opened the door to the destruction of tens of thousands of units of rent-controlled housing."
"One of the owners, Katelin Holloway, pointed out that the former owner, Peter Iskander, a speculator and serial evictor, made a $4 million profit after the conversion and walked away, and nothing has happened to him."
"Sup. Stephen Sherrill asked: 'Why aren't we going after that bad actor?'"
"I'm not comfortable with us not going after those bad actors. Fair enough-but neither Sherrill nor any of the other 'moderates' on the board has done anything to pass legislation holding developers, architects, real-estate agents or speculators accountable for violating planning codes."
The Board of Supervisors unanimously rejected an appeal to legalize the conversion of a four-unit building into a single-family mansion. This decision was crucial to protect rent-controlled housing from potential destruction. The Planning Commission had previously voted 3-3 on the matter, resulting in a denial. The illegal conversion of multi-family housing is common, with many speculators evading consequences. Concerns were raised about the previous owner profiting from the conversion, yet accountability for such actions remains lacking among city officials.
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