Councilmembers and staffers say the city needs to protect its
limited supply of rental housing while coming up with a more
long-term solution.
Hollister – The City Council will be discussing new restrictions on apartment-to-condominium conversions at its meeting Monday.
The council called a temporary moratorium on such conversions in February. Councilmembers and staffers said the city needs to protect its limited supply of rental housing while coming up with a more long-term solution.
Now the planning department has created an ordinance to address the problem.
If approved, the law would limit conversions to 25 percent of average multi-family rental construction in the previous two years. The cap would double after multi-family housing – currently 17.3 percent of Hollister’s housing stock – increases to 20 percent.
The council will consider introducing the ordinance Monday and could approve it in September.
At the meeting, developer ABVision also plans to give a presentation on the company’s hopes for airport development.
ABVision owner Andrew Barnes has said he wants to build corporate hangars at the airport. Those hangars, he said, could generate around $1.5 million annually for the city’s general fund.
