Codified at some point, whether in the Land Agreement or loan agreement, it would be codified. Are we able to apply a citywide standard as well . Our goal is to do the best practice. Whatever they are. We will work with the tenant adsoicaa advocat advocates, with the tenants themselves. This is an opportunity to change things, to blur the lines between affordable housing. And take the opportunity to figure out what works best. And we talked about transfers from one. Thats an issue. The whole question of transfers. We have spent a little time talking with the questions of transfers. And i think the questions of transfers is really a fu fundamental goal of getting residents in the right place. Whether its seniors who need more intensive housing. So they need to go from Public Housing to Senior Housing with ground floor adult bay. So they can stay independent. If its a disabled person in Public Housing who needs more assistance in terms of a Supportive Housing environment. How do we get t
And we talked about transfers from one. Thats an issue. The whole question of transfers. We have spent a little time talking with the questions of transfers. And i think the questions of transfers is really a fu fundamental goal of getting residents in the right place. Whether its seniors who need more intensive housing. So they need to go from Public Housing to Senior Housing with ground floor adult bay. So they can stay independent. If its a disabled person in Public Housing who needs more assistance in terms of a Supportive Housing environment. How do we get them into the right housing. Or the other way. A person who is in our Supportive Housing and who has been stabilized. Can we use sort this opportunity to find an exit for them. We dont know. We dont have the answers, but we are asking the questions and thinking about this. Not in just terms of transfers you talked about. But can we do this in the rules and regulations of fair housing. And can we get people on the right housing s
Affordability requirement. There will be requirements related to the projectbased rental assistance contract. Mocd will have secondary loans on the property. To ensure stewardship of the sites as longterm wellrun affordable housing. The residents will have the same eviction protections. Will have the same affordable rents. Will maintain the same grievance procedures, and maintain the right to file complaints with Housing Authority and hud. There was some mention about the wait list. This remains a centralized wait list with some modification. Residents on the wait list with identify specific sites they wish to be preferenced for, but its a sprlized centralized wait list. Just to point out the same protections and the same standards, is that going to be codified . It would absolutely be codified at some point, whether in the Land Agreement or loan agreement, it would be codified. Are we able to apply a citywide standard as well . Our goal is to do the best practice. Whatever they are. W
Fee from the Mayors Office schedule. Its barely enough to compensate them for two things. One the time they take on the development and the risk. These developers in San Francisco are guaranteeing that tax credit equity and the repayment of the debt on the property. And in exchange they get less than the maximum developer fee, because thats the citys practice. And they get a restricted cash flow, because thats also the citys practice. And in part because we subsidize those developments or heavily. The developers are doing this in part, because they are part of the solution and part of Affordable Housing system as the case may be. And trying to assist the Housing Authority in this process. What other structures make San Francisco unique, you referenced in the rfq, and talked about we have providers, and what else in terms of financing . Its the financing, what the board has put in my budget. Its what the voters have authorized as prop c. Its our history of supporting developers as they
Constitution. Id like to answer any questions thanks. Any other members of the public wish to commit seeing none, Public Comment is closed. We have some other amendments can we take that without objection item 10 resolution approving the commission lease l25255 with the east street for the restaurants space located at 295 on the boulevard in the Central Waterfront for the greater amount of 7 percent of gross receipts or 10 thousand and plus. Supervisors jeff im the ports leasing manager. Between the port and e Street Ventures. It was approved to request a Restaurant Operator for the operation of a restaurant on the site in the southern waterfront. There was proposals for the design and renovation for the existing building. The ports oufg what to seek the best qualified. Following scoring the proposals and e Street Ventures was selected and the folks were approved as of july 21st. Some key items of the lease its a 15 year lease we anticipate it will begin open october 1st. The greater a