Previously, units that received low-income housing tax credits or tax-exempt multifamily revenue bonds may have become exempt from the Rent Ordinance.

Units in buildings receiving low-income housing tax credits or tax-exempt multifamily revenue bonds shall remain subject to the Rent Ordinance as long as any existing tenants continue to reside there, or unless all tenants agree otherwise in writing. For any units that became exempt since 2018, rents will be restored to the levels allowed had the Rent Ordinance continuously applied.

Existing tenants retain Rent Ordinance protections unless opting out collectively, ensuring rent stability. Units opting out are subject to LIHTC or Bond program rent controls and restrictions, and cannot withdraw from opt-out once executed. This does not affect rents controlled by other governmental authorities or subject to use restrictions imposed by the City and County of San Francisco, its agencies, the state, or the federal government.

To provide tenant stability and protect from potential rent increases due to exemptions being granted after accepting tax credits or bonds.

The ordinance was amended in the Land Use and Transportation Committee and recommended to the Board of Supervisors, with affirmative votes from Supervisors Myrna Melgar, Dean Preston, and Aaron Peskin.

The Rent Board prepares the form for tenant opt-out, advising the tenants of requirements under subsection (C) that opt-outs may not be withdrawn.