San Francisco supervisors are still trying to hammer out a compromise over a controversial proposal to allow over 2,000 tenancy-in-common units, or TICs, to convert directly into condos.

Many TIC owners say they are stuck in bad mortgages, and will need to wait over a decade in the current city-run lottery to convert into condos so they can sell or refinance.  But tenants' advocates believe allowing TICs to skip the lottery will encourage real estate speculation.  

Supervisors looking for a compromise think it may lie in offsetting the number of affordable housing units lost through this one-time condo conversion deal.  Supervisor Jane Kim says a deal might involve building more affordable housing, or putting a moratorium on the conversion lottery for a number of years. 

Another hearing on the issue is scheduled for March 25.