This ordinance creates a fund to help landlords of specific commercial tenants who couldn't pay rent because of the COVID-19 pandemic. The fund will be available for 24 months after the law goes into effect.
Ordinance amending the Administrative Code to establish the COVID-19 Commercial Rent Relief Fund to provide financial support to landlords of certain Commercial Tenants where the tenant was unable to pay rent due to the COVID-19 pandemic, and setting a sunset date of 24 months from the effective date of the legislation.
How it got here
The COVID-19 Commercial Rent Relief Fund legislation originated from the need to support landlords of commercial tenants unable to pay rent due to the pandemic.
The office provided estimates of unpaid commercial rent in San Francisco due to the COVID-19 pandemic, indicating significant financial distress among businesses.
Supervisor Safai introduced the ordinance to establish the COVID-19 Commercial Rent Relief Fund to assist landlords of commercial tenants unable to pay rent.
The Small Business Commission voted to support the legislation, recognizing the need for assistance to businesses facing significant back rent due to the pandemic.
The Budget and Finance Committee recommended the ordinance for passage, highlighting its importance for economic recovery.
The Board of Supervisors passed the ordinance on first reading, moving it closer to final approval.
The Board of Supervisors finally passed the ordinance, establishing the COVID-19 Commercial Rent Relief Fund.
Mayor Breed approved the ordinance, officially enacting the COVID-19 Commercial Rent Relief Fund.
Reconstructed from attached documents & the official record
