San Francisco is taking steps to prevent the owners of city-subsidized units from taking a bath upon the sale of those units.This comes after Mission Local reporting that showed owners of below-market-rate units were being compelled by the city to sell at a loss.Currently, the program, which is meant to help San Fransicans with limited incomes afford starter homes, is "turning what should have been an economic opportunity for low income families into a nightmare," said Supervisor Myrna Melgar, when introducing the agenda item at a hearing Monday afternoon.
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