And meet the affordability mandate set out bit general plan as well acid prop k and really create a service for the public in san francisco. Thank you very much for your time. Thank you. Next speaker. Good afternoon, commissioners. Whitney jones the director of the Housing Development form chinatown ucu. First i want to thank the city staff who are moving this process forward. Thank you, guys. Many city sites have been held by agencies for years without a process for moving them forward to meet overall city needs. So this process of starting to move these sites are consider uses for these sites is a great one. We support the chao choochoo paper presented to you earlier earlier and highlight a couple of points that i think you have heard a couple of times already. A couple of simple points with my heard at the public meetings, the emphasis was on affordable and middleIncome Housing. We think with that emphasis to set a great emphasis on affordable and that sites that offer the opportuni
Why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code and what will be happening in in the candlestick area a a a massive investment in in in Public Transportation of more. So the mechanism on how to determine who gets Parking Spaces hasnt been determined yet. Theres examples in the in the city theres a lottery thats renewed every year so some people get parking assigned by lottery and foe that they have the parking spot for 12 months and also examples first come first serve basis so whoever accesses the parking space first has the spot so we havent had those discussions yet so it hasnt been determined how
Seeing none, Public Comment is closed. Commissioner singh . I have a couple of questions. This 2 million loans what are they talking about about . Ill have jeff white respond he knows about the financing. The term of the oci loan is 65 years. What is the Interest Rate . The Interest Rate is going to be less than 3 percent. Less than 2 percent . 3 percent. Okay. Thank you. Thank you. I have one more question. About the parking why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code and what will be happening in in the candlestick area a a a massive investment in in in Public Transportation of more. So the mech
We have any members of the public that would like to address the commission on any of these items . 5 e or 5 f . Seeing none, Public Comment is closed. Commissioner singh . I have a couple of questions. This 2 million loans what are they talking about about . Ill have jeff white respond he knows about the financing. The term of the oci loan is 65 years. What is the Interest Rate . The Interest Rate is going to be less than 3 percent. Less than 2 percent . 3 percent. Okay. Thank you. Thank you. I have one more question. About the parking why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code and what will be
Enterprise and minority Business Enterprise and finding space for them. The way i think you do that is to have a Development Agreement. I think the best thing to do was to have a Standard Development agreement that has elements that Everyone Wants to see, and then tailor it to specific sites and they arer not only starting from scratch with Different Development partners. That is something to consider and get it out in one fail whoop, local hire, mix of units, any sort of benefits that you want to provide for special open space or programming, for Economic Development . Put it all in there, do the work upfront and for each site depending on how many units and the size, you can see what of those elements you canly actually do . This is another sort of planning code issue that again im not sure if maybe the Housing Working Group saw it and determined it wasnt feasible. But we have a requirement for the Affordable Housing that if you are going to do it, sra there is a certain unit mix, a