Facebook went public and the people who got in at the initial price of $38 made a little money, but the stock is hardly exploding in the way that suggests social-networking is the next stock market darling. Read more »
Alma Sierra has been living in her home at 490 Athens for three years. Sierra, her nine year old son, and two other mothers with their children share a rental unit. They have diligently paid their rent, and her son goes to school across the street. But last year, US Bank foreclosed on the small-time landlords that owned the property- now, the tenants face eviction.Read more »
San Francisco is increasingly losing its working and creative classes to the East Bay and other jurisdictions — and with them, much of the city's diversity — largely because of policy decisions that favor expensive, market-rate housing over the city's own affordable housing goals.
"It's definitely changing the character of the city," said James Tracy, an activist with Community Housing Partnership. "It drains a big part of the creative energy of the city, which is why folks came here in the first place."Read more »
John Avalos introduced a resolution today urging support for homeowners facing foreclosure in San Francisco. The resolution calls for several actions, including suspending all foreclosures until state and federal measures to protect homeowners are in place.
Sponsors of the resolution Avalos, David Chiu, Jane Kim, Eric Mar, and Christina Olague joined a coalition of community organizations to explain the resolution at a press conference.Read more »
City officials continue to wring their hands over why families are leaving the city, and I'm sure there are a number of factors, but I can tell you that from the people I know -- families who live in the city or want to live in the city -- it's all about the cost of housing.CRead more »
The developers of the 8 Washington project, who have already spent a sizable sum of money on legal, lobbying and prep work, have run into another setback: The March 8 hearing on the project’s shadow impacts has been postponed because of a missing public notice.Read more »