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Division 11 — LIMITED EQUITY HOUSING COOPERATIVE CONVERSIONS

SEC. 1399.9 FORMULA FOR DETERMINING INITIAL PURCHASE PRICE OF MEMBER SHARE

San Francisco County Planning Code · 2026-07 edition · updated 2026-07-25 · San Francisco County

AND MEMBER CARRYING CHARGE FOR QUALIFYING HOUSEHOLDS.

(a) The initial purchase price for each Member Share under this Article shall be determined by a formula as specified in this Section.

(b) The initial purchase price at conversion shall be set as of the date of the Subdivider's Notice of Intent to Convert and shall not exceed the following:

(1) For purchasing tenants who are members of a Qualifying Household, the initial purchase price may not exceed: (10% × [Total Development Cost]) ÷ [total number of units to be converted].

(2) For all other purchasing tenants there is no limit on the initial purchase price for a member share.

(c) The Carrying Charge for Resident Members who reside in a Qualifying Household shall not exceed the Maximum Annual Rent as provided herein.

(Added by Ord. 319-08, File No. 081513, App. 12/19/2008)

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▸ Contents — San Francisco County Planning Code
San Francisco County Planning Code
  1. Chapter 10E — PLANNING MONITORING
  2. Chapter 10E — PLANNING MONITORING
  3. Chapter 24 — REDEVELOPMENT AGENCY
  4. Chapter 24 — REDEVELOPMENT AGENCY
  5. Chapter 29A — APPROVAL OF POWER PLANT; PLANNING CODE SEC. 303
  6. Chapter 29A — APPROVAL OF POWER PLANT; PLANNING CODE SEC. 303
  7. Chapter 31 — CALIFORNIA ENVIRONMENTAL QUALITY ACT PROCEDURES
  8. Chapter 31 — CALIFORNIA ENVIRONMENTAL QUALITY ACT PROCEDURES
  9. Chapter 44 — ADULT DAY HEALTH CARE PLANNING COUNCIL
  10. Chapter 44 — ADULT DAY HEALTH CARE PLANNING COUNCIL
  11. Chapter 56 — DEVELOPMENT AGREEMENTS
  12. Chapter 56 — DEVELOPMENT AGREEMENTS
  13. Chapter 61 — WATERFRONT LAND USE
  14. Chapter 61 — WATERFRONT LAND USE
  15. Chapter 2 — ENVIRONMENTALLY PREFERABLE PURCHASING ORDINANCE
  16. Chapter 2 — ENVIRONMENTALLY PREFERABLE PURCHASING ORDINANCE
  17. Chapter 4 — EMERGENCY PLANNING AND PREPAREDNESS.
  18. Chapter 4 — EMERGENCY PLANNING AND PREPAREDNESS.
  19. Division I
  20. Division II
  21. Division III
  22. Division IV
  23. Division V
  24. Division VI
  25. Division VII
  26. Division VIII
  27. Division IX
  28. Division X
  29. Division XI
  30. Division 1 — SUBDIVISION CODE
  31. ▸ Division 11 — LIMITED EQUITY HOUSING COOPERATIVE CONVERSIONS
    Overview
    1. SEC. 1399.1. PURPOSE.
    2. SEC. 1399.2. MODIFICATION TO EXISTING CODE.
    3. SEC. 1399.3. DEFINITIONS.
    4. SEC. 1399.4. APPLICATION.
    5. SEC. 1399.5. LIMITATION ON NUMBER OF CONVERSIONS.
    6. SEC. 1399.6. MAYOR'S OFFICE OF HOUSING: CERTIFICATE OF CLEARAN…
    7. SEC. 1399.7. ADMINISTRATIVE FEES
    8. SEC. 1399.8. - TENANT PURCHASE RIGHTS.
    9. SEC. 1399.9 FORMULA FOR DETERMINING INITIAL PURCHASE PRICE OF …
    10. SEC. 1399.10. SUBDIVIDER'S NOTICE OF INTENT TO CONVERT.
    11. SEC. 1399.11. TENANT OPT-IN.
    12. SEC. 1399.13. SALE OF VACANT UNITS.
    13. SEC. 1399.15 INTENT TO PURCHASE FORM.
    14. SEC. 1399.16. INCOME CERTIFICATION.
    15. SEC. 1399.17. ADDITIONS AND DELETIONS TO THE APPLICATION PACKE…
    16. SEC. 1399.18. ACTION ON APPLICATION PACKET; CONDITIONS OF APPR…
    17. SEC. 1399.21. RESALE FORMULA.
    18. SEC. 1399.22 FINAL MAPS AND PARCEL MAPS; DEED RESTRICTIONS.
  32. Division 2 — MISSION BAY SUBDIVISION CODE
  33. Division 2 — MISSION BAY SUBDIVISION CODE
  34. Division 3 — CANDLESTICK POINT/HUNTERS POINT SHIPYARD SUBDIVI
  35. Division 3 — CANDLESTICK POINT/HUNTERS POINT SHIPYARD SUBDIVI
  36. Division 4 — TREASURE ISLAND AND YERBA BUENA ISLAND SUBDIVISI

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