By way of a plugged-in reader and Plan C San Francisco:
The Mayor released his budget [last week], and he did not include the “condo bypass” proposal that has generated so much attention in the TIC community this spring. As most of you know, the condo bypass proposal (conceived by Supervisor Sean Elsbernd) would [have] allowed a one-time bypass of the condo lottery for TIC owners who were willing to pay an additional fee to the City.
∙ Condo Conversion For A Fee? Yes Please (But Not Just Once) [SocketSite]