Authorize rent forgiveness and reduction for Shew Yick
The resolution forgives about $1,172,500 of $1,507,500 in outstanding rent obligations.
What's happening
- The resolution forgives about $1,172,500 of $1,507,500 in outstanding rent obligations.
- It reduces the monthly base rent to $5,000 until the lease ends on September 30 2026.
- It authorizes the Director of Property and MOHCD to take additional actions related to the resolution.
Why it matters
Forgiving rent and lowering payments helps the tenant stay in place, preserving a local business and preventing vacancy.
Who is affected
How to act
Attend: City Hall, Legislative Chamber, Room 25010, 10:00 AM, July 22, 2026
Email: brent.jalipa@sfgov.org
Submit comment: Not listed in the source document.
Decision update
Amended in committee
The committee amended the resolution to partially forgive approximately $1,172,500 of rent owed and reduce the monthly base rent to $5,000 for the Shew Yick property through September 30 2026.
Decided Jul 22, 2026.