Saturday, March 7, 2020

Is Your Building Being Ellised or Going Through Bank Foreclosure?

Perhaps you'd like to make a bid on the property and have first rights to do so? 

Well, tenants in Oakland, Berkeley, and state-wide may have this right in the near future and, through a land trust, buying your building may be a reality and not a "pipe-dream."

Berkeley's TOPA would give renters first right to buy their home. Click here for an article published by the San Francisco Chronicle that discusses TOPA, Oakland's initiative, and SB1079, a bill initiated by Senator Nancy Skinner.

Click here for more about Skinner's synopsis on SB1079 and click here.

Community land trusts can also step in to assist the tenants in acquiring the property:

In fact, the Bay Area Community Land Trust is helping to lead Berkeley tenants in a possible acquisition of a multi-story building in North Berkeley; tenants are being Ellised and are campaigning for the right to bid on the property that many have lived in for years.

See more about TOPA in Berkeley. Click here.

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