The "McTIC" ordinance, more formally known as The Ordinance to Regulate the Formation of Certain Condominimum-Type Ownership Structures, was intended to prevent tenants of multi-unit residential properties from being displaced when the property was sold to two or more persons who intended to individually occupy each unit as a primary residence.
The ordinance was introduced by Supervisor Jake McGoldrick (thus the origins of the nickname( and enacted by the Board of Supevisors in July of 2001. However, in 2002, several parties interested in preserving TICs as an affordable alternative of home ownership in San Francisco, successfully challenged the McTIC ordinance in Superior Court.
The ordinance was declared unconstitutional in 2003. The ruling was appealed but the California Supreme Court denied the appeal thereby causing the Board of Supervisors to repeal the McTIC ordinance as of December 1, 2004.