For purposes of this Chapter 41B, the following definitions apply:
“Agency” means the Mayor’s Office of Housing and Community Development, or any successor agency, department, or office.
“Area Median Income” means the Unadjusted Area Median Income published by the U.S. Department of Housing and Urban Development for the geographic area that includes the City.
“City” means the City and County of San Francisco.
“Fee Interest” means ownership of real property in fee simple absolute.
“Multi-Family Residential Building,” or “Building,” means any privately-owned real property in San Francisco improved with three or more residential rental units (whether or not the property also includes non-residential uses), any privately-owned real property on which three or more residential units are under construction, and any privately-owned vacant lot on which the Planning Code and other applicable laws would permit the construction of three or more residential rental units.
“Notice of Special Restrictions” means an agreement executed by a Qualified Nonprofit and recorded against a Multi-Family Residential Building Purchased by such Qualified Nonprofit, substantially in the form published by the Agency.
“Purchase of a Multi-Family Residential Building,” or “Purchase,” means to acquire any interest that is transferred pursuant to the Sale of a Multi-Family Residential Building.
“Purchaser” means the individual, individuals, entity, or entities engaged, or seeking to engage, in the Purchase of a Multi-Family Residential Building.
“Sale of a Multi-Family Residential Building,” or “Sale,” is defined in Section 41B.3.
“Sell” means to engage in the Sale of a Multi-Family Residential Building.
“Seller” means the individual, individuals, entity, or entities engaged, or seeking to engage, in the Sale of a Multi-Family Residential Building.
“Qualified Nonprofit” is defined in Section 41B.4(a).
(Added by Ord. 79-19, File No. 181212, App. 5/3/2019, Eff. 6/3/2019)