|By Jason Shueh, Government Technology|
|McClatchy-Tribune Information Services|
The law, unofficially called "the Airbnb Law," represents the city's effort to broker a regulatory compromise between multiple city interests. City affordable housing advocates were concerned higher Airbnb rental rates were displacing low-income earners. Traditional hotel chains worried a double standard in taxation and regulation was creating unfair competition. And throughout the legislative process, struggling homeowners argued income from Airbnb was desperately needed to prevent forced relocations.
Only time will tell whether the new policy will satisfy the many demands -- but in this attempt at regulation, the policy's framework is clear. Setting the ground rules, the law limits the practice to permanent
According to estimates, Airbnb tax revenues, currently at 14 percent, will generate
District 3 Supervisor
"Our policy, our new legislation, will ensure that hundreds of San Franciscans will no longer be displaced by bad actors who are evicting tenants or otherwise turning good rental stock into hotels and bed and breakfasts." Chiu said. "While on the other hand, it allows other San Franciscans who are trying to make the rent and pay their mortgage to have the chance to continue to live in
A blog statement from the company Tuesday hailed the development a success for residents, and described the action as one that secures guest rental privileges for San Franciscans -- often only afforded to lodging businesses.
"The legislation that moved forward [on
However, the celebratory words were not had by all. Many city stakeholders, businesses, landlords and others in opposition of Airbnb, had desired a stricter framework. In an article from SFGate, vacation rental site
The proposed amendment failed, but Chiu said there was nothing in the legislation that would preclude a demand of payment from city officials.
"I have been clear that anyone who has engaged in this activity up until now, who owes city taxes must pay those taxes." Chiu said. "And it is in the purview of SF city treasure and city attorney to collect those taxes."
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