By: Paul Bubny for connectcre
The Land Use and Housing Committee of the San Diego City Council endorsed a proposed law that would require the owners of apartment buildings with government rent restrictions to notify the city, tenant groups and developers of low-income housing if they decide to sell.
The San Diego Union-Tribune reported that the goal is possibly preventing a sale to someone planning to tear down the rent-restricted apartments and replace them with market-rate housing when the restrictions expire.
San Diego has 22,000 rent-restricted apartment units, the Union-Tribune reported. City officials say preserving existing low-income housing is just as important to solving the local housing crisis as incentives and legislation to spur more new construction.
