> “This is a win for San Francisco residents,” Herrera said. “Whether you’re a tenant or a landlord who has been following the law, this is a victory. This outcome frees up more homes for long-term tenants and stops unfair competition in the marketplace. The serious financial penalty is an important deterrent. It sends a clear message to those looking to illegally profit off of San Francisco’s housing crisis: Don’t t…
It's not the city. The residents of the municipalities do not want to build new buildings.
I've always heard it was the owners, but as someone who doesn't live in SF, I can't verify.