New Ordinance Amendments Regarding General Obligation Bond Passthroughs

New Ordinance Amendments Regarding General Obligation Bond Passthroughs   The SF Tenants Union helped pass legislation to close a loophole landlords had been exploiting to unfairly raise rents. The way General Obligation Bond Passthroughs are calculated has subsequently changed. In addition, Tenant Financial Hardship Applications used to only apply to some of the Passthrough. Now,…

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New Interest Rate for Security Deposits Effective 3/1/24

New Interest Rate for Security Deposits Effective 3/1/24 The rate of interest owed on deposits for the period March 1, 2024 through February 28, 2025 is 5.2%. The rate of interest owed on deposits for the period March 1, 2023 through February 29, 2024 is 2.3%. Security deposits can sometimes be described as “move-in fees,”…

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