Good News for TIC Owners?

Gavin Newsom's office is floating a proposal that would allow TIC owners to skip the condo lottery in exchange for a special fee. It will need approval from the Board of Supervisors or the general electorate. In other words, it's a long shot. Cross your fingers, TIC owners. If it doesn't pass, it may be twenty years before you win the lottery and become eligible for condo conversion.