Tenancy In Common (TIC) Demographic Study
While the debate rages on about tenancies in common (TICs) and condo conversion in San Francisco, we wish to clear up some misconceptions about TIC owners, who they are, and where they live. Current research presents some new demographic information regarding which groups are relying on TICs for first-time homeownership. Critics have portrayed TICs as a vehicle for wealthy, conservative San Franciscans. Our data shows a different picture.
- The majority of TICs are in the more progressive parts of the City: Haight-Ashbury, Mission, Castro, Noe Valley, and North Beach.
- Most TICs are not located in San Francisco’s wealthier, more conservative neighborhoods.
- TICs are heavily concentrated in areas with a high LGBT population.
- In addition to the neighborhoods cited above, recent TICs can be found in middle class neighborhoods such as the Richmond and Sunset, and are increasingly found in the Excelsior, Bayview-Hunters Point and other parts of the southeast sector of the City.
We at Plan C hope the political establishment sees TICs for what they are: a tool to help the middle class San Franciscans fulfill their dream of affordable home ownership.
To read the full TIC report by David Latterman, former Plan C Board Member click here.