Seismic Retrofit Cost Back on the Rent Stabilization Agenda! [Updated]

City Council at the July 24th August 7th study session will continue a long discussion about how to fix structural deficiencies in about 300 residential ‘soft-story’ wood frame buildings (where the building overhangs outside parking). These buildings comprise nearly a quarter of the city’s rental housing stock. And they provide most of the city’s relatively-affordable housing. So the issue of cost looms large in the discussion. Should renting households help with “cost recovery” by paying half of the cost?

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