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Estate transfer tax, shortterm flip property. When a profit is being made off of the sale. If the resale is within the first year of purchase then the tax will be 24 of the retail price. Within two years, 22 . Three years, 20 . Up to five years at 14 . If you buy property and hold onto it for five years or longer it doesnt impact you at all. The tax also focuses specifically on greedy speculators. It does not apply at all to six categories. Singlefamily homes or condos, Owner Occupied tics or tenancy in commons, new construction, buildings over 30 units. When a Property Owner sells their prope...

My next item is a resolution that is in support of the city of richmonds control and [speaker not understood] reduction program. Trying to support many households under water in that area. We have a part in San Francisco where households are also under water. The city of richmond has been struggling to create their [speaker not understood] reduction program. They need a majority vote and thats not been able to do what some of the pressures of councilmember in city of richmond. The joint powers of authority is a pathway, in the state of california the pathway they are choosing. I asked the City...

Units portfolio as it relates to construction, but im just not convinced that were there yet. Imposing a ratio on construction solely on new construction of market rate and Affordable Housing means we will be ignoring the needs of already built Affordable Housing. In order to meet the ratio, all of the available funding in the voter approved Housing Trust fund will have to go towards new construction with nothing left for the preservation of existing Affordable Housing development and Public Housing developments. The Housing Authority and other hud Housing Developments will remain as neglected...

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