The San Francisco Board of Supervisors unanimously passed an ordinance allowing property owners to build in-law units that can be sold separately as condos. This legislative move aims to increase the number of these units, which saw only about 1,300 added from 2020 to 2024. The incentive applies to property owners with fewer than four units and units built post-May 1, 2025. The legislation is designed to help homeowners, particularly low-income immigrants, maximize the value of their property without relocating.
"The legislation helps homeowners, especially low-income immigrants who bought their homes decades ago, unlock the 'generational wealth' they have in the property without moving or selling their homes."
"It's taking the one asset that you have that is the most valuable, and maximizing it," Engardio said.
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