my name is steve wu. i'm representing tenderloin neighborhood development corporation.uncil for community housing organizations. we've taken a position opposed to the legislation primarily because we see t.i.c.s as cannibalizing the existing rental housing stock. our rental housing stock is critical to preserve in maintaining the affordability in san francisco's housing. we believe that, furthermore, that the uncapping the conversion condo conversion cap will further incentivize more t.i.c.s forming from our existing rental housing stock, thus leading to -- exacerbating the affordability problem in san francisco. furthermore, the the fee, we have questions about the fee, for bypassing the conversion lottery. it's set as high as 20,000 but as low as 4,000. this is substantially lower than the in lieu fee that the mayor's office of housing has set forth of construction for bmr units through new condominium construction which is as low as 175 -- as high as 175,000 per unit. we're afraid that this fee -- the small scale of this fee could create a competition between condomi

chang ying, brian bassinger, charles minister, cazu anzel, transis ca, andrea danger, steve wu, rine tha thanker, margaret , sandra, julie, dan, andrea, and june. you can proceed. >> the line got mixed up so most of the people in line didn't get called. out in the hall they told us -- >> chair wiener: if there's been any confusion just go ahead and speak. that's fine. >> my name is sarah, i moved back to san francisco 10 years ago to take care of my -- partially to take care of my father who had gone on disability and lives in a represent controlle -- rent cond apartment. people talk about home ownership. most of us would love to own a home in san francisco. we would be happy to stay here. in 1980, they were having a debate about condo conversion in san francisco, actually, at the supervisors hearing. and the debate then was if something became a condo, did 40% of the existing tenants have to be able to buy in, or did 80% of the existing tenants have to buy in. right now, none of the existing tenants have to buy in, for it to become a condo. it can go to a t.i.c. first and flip that