Wednesday, April 24, 2013

Retrofitting now required for SF Landlords

SAN FRANCISCO (KCBS)–San Francisco Mayor Ed Lee signed legislation on Thursday—the 107th anniversary of the 1906 earthquake and fire—that aims to make thousands of apartments in the city safer during the next large quake.


Many Marina Homes
like these had to be destroyed
during the last big quake
(Photo:  SF Chronicle)




The seismic safety measure mandates reinforcements of all the city’s soft-story apartments of at least five units, which are some of the most vulnerable structures.

“Soft-story buildings are buildings where there’s a huge amount of ground floor space that is not seismically retrofitted,” Mayor Lee said before referencing the 1989 Loma Prieta Earthquake. “These are the kinds of buildings that fell apart in the Marina.”
The soft-story retrofitting will cost, on average, between $60,000 to $130,000, and the new legislation will give building owners several years to complete the work. The property owners can pass the much of the costs to tenants, but Lee said he has worked with banks to help with low-cost loans.

“We are allowing the owners to pass through a hundred percent of the cost of this but they have to do it in a spread-out way, and then we are giving some support to the low income tenants,” Lee said.
Seismologists predict that a major Bay Area earthquake will happen within the next 30 years.