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Project design, from SF Planning records<\/p>\n
Some might remember during Mahmood\u2019s 2024 campaign, GROWSF paid for and installed a billboard across from the site promising that then candidate Mahmood \u201cwould fix\u201d the stalled project. Former D5 Supervisor Dean Preston had been working on a deal for the nonprofit Tenderloin Neighborhood Development Corporation to buy the parcel outright and build fully subsidized homes. The choice was never housing versus no housing (as YIMBYs fraudulently stated). Rather, the challenge was to build\u00a0an affordable project with increased levels of affordable homes using affordable housing funds\u00a0(which then-Mayor London Breed and the city refused to do), or building a luxury tower to be constructed (and managed) by market rate developers.\u00a0<\/p>\n
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The site could have been affordable housing. Breed blocked it<\/p>\n
For decades, Greystar has flouted tenant laws and housing regulations. Greystar\u2019s history\u00a0includes civil rights complaints involving antitrust violations, rent fixing and rent gouging on a massive scale, discrimination, exorbitant junk fees charged to tenants and deceptive advertising. Greystar\u00a0became a central focus of\u00a0ProPublica\u2019s 2022 investigative reporting<\/a>\u00a0on\u00a0RealPage, a software company whose algorithmic pricing tool was accused of illegal price-fixing and cartel-like behavior in the national rental housing market. To\u00a0date, Greystar owns more than 119,000 apartment buildings in multiple states and manages more than\u00a01 million rental units.\u00a0<\/p>\n ProPublica investigated and exposed how RealPage\u2019s software aggregated sensitive, nonpublic pricing and occupancy data from competing landlords to generate coordinated rent pricing, thereby artificially inflating rents across major US metropolitan housing markets. Greystar\u00a0has faced subsequent federal class-action antitrust lawsuits filed by tenants<\/a> and was investigated by the US Department of Justice.<\/a> The Federal Trade Commission<\/a> and seven state attorneys general have also investigated, charged and ultimately\u00a0fined Greystar<\/p>\n In California\u2019s\u00a0recent statewide elections, Greystar has consistently contributed millions of dollars to kill\u00a0multiple ballot measures aimed at strengthening tenant protections and expanding rent control.<\/p>\n Proposition 33 (2024):\u00a0Greystar, with a coalition of corporate landlords donated millions to defeat the measure, which sought to repeal the Costa-Hawkins Rental Housing Act and allow local governments to expand rent control.<\/p>\n Proposition 21 (2020):\u00a0Greystar was a major financial contributor to the\u00a0No on Prop 21\u00a0campaign. The initiative, which would have allowed cities to pass rent control on buildings over 15 years old, was defeated following tens of millions in real estate industry spending.\u00a0<\/p>\n Proposition 10 (2018):\u00a0Greystar and its industry peers collectively shelled out millions to fund a massive misinformation campaign\u00a0to defeat this initial attempt to repeal statewide rent control restrictions.<\/p>\n