And i appreciate that chair fewer sheriff, i just want to say, i think this committee has heard that. I think this committee, as you know, has heard that and recognized that, and that is not what im talking about. I didnt know about this 232,000 that youre giving back. Could you please explain and mr. B. L. A. , were you aware of that . Well, thats what they recommended. If theres an alternative proposal that the department is presenting, wed be happy to take a look. Chair fewer okay. Mr. Holling . If we were given a dollar amount by the b. L. A. , wed be happy to identify 250,000 to give back. We dont think cutting back the civilianization is the way to do it. Its the qualitative aspect of these services, not the dollar amount. Were happy to work with the b. L. A. To identify 250,000. Chair fewer that is very good to know, mr. Holling. So confer with the b. L. A. , and im wondering if youre willing to come back after conferring with the b. L. A. Well take a break after lunch. I think
We take it very seriously and its a big commitment and i work in a group that does nothing but Affordable Housing everyday of the week and were putting up big numbers. I know we should put up bigger numbers but just to give you a sense we have a billion dollars to Affordable Housing in the bay area that covered about 42 developments and were finances six new projects here in the city right now. About 400 minute yu 400 million. We got a new one from don yesterday. Were hoping to do a lot more in the city and a billion dollars has been committed through 2025 for grants, which is a big deal. Were happy to see that and yes, wore thrilled to be involved in big projects like this. I have been a longtime San Francisco residents and im a homeowner here and its just extra special to attend things like this in my backyard. We appreciate the opportunity and we look forward being into a lot more like this. So thank you. Thank you, jeff. Stephanie, please come up. [applause] i moved here to reunite
Chair fewer sheriff, i just want to say, i think this committee has heard that. I think this committee, as you know, has heard that and recognized that, and that is not what im talking about. I didnt know about this 232,000 that youre giving back. Could you please explain and mr. B. L. A. , were you aware of that . Well, thats what they recommended. If theres an alternative proposal that the department is presenting, wed be happy to take a look. Chair fewer okay. Mr. Holling . If we were given a dollar amount by the b. L. A. , wed be happy to identify 250,000 to give back. We dont think cutting back the civilianization is the way to do it. Its the qualitative aspect of these services, not the dollar amount. Were happy to work with the b. L. A. To identify 250,000. Chair fewer that is very good to know, mr. Holling. So confer with the b. L. A. , and im wondering if youre willing to come back after conferring with the b. L. A. Well take a break after lunch. I think the thing about the do
My bottom line, josh, until rates and apple stabilize, the market is not going to stabilize. I think the big picture thing to bear in mind is what were seeing this month is wholly of a piece what typically happens in august, what typically happens august in the third year of the president ial cycle, and coming out of an earnings season that, quite frankly, was not great but not terrible and better than expected on a lot of fronts. You had stocks run up into that better than expected earnings in most cases and then you had profit taking. Buy the rumor, sell the news none of this is foreign. None of this is strange to anyone who has been around for a long time. There are differences in the dynamics beneath the surface in terms of the way people trade these days that maybe make these effects more pronounced. But if you look at where we are in relative strength and internals, in the vix, all of this is well within the bounds of what weve seen historically, and i dont think that we need to
Commissioner bridges and commissioner servais is not in attendance today. We do have a quorum right. Thank you. Can i ask you, madam secretary, to turn your volume up a little . Can you do that . Its sort of. Is that better . Better better. Item number two, communications. We welcome the publics participation during Public Comment periods. There will be an opportunity for general Public Comment at this meeting after closed session and there will be an opportunity to comment on each discussion or action item on the agenda. Each item each comment is limited to two minutes. Public comment will be taken both in person and remotely by calling for each item, the board will take Public Comment first. People attending the meeting in person and then from people attending the meeting remotely. Comments or opportunities to speak during the Public Comment period are available by phone by calling. 56550001. Access. Code 26605203021. Then pound, then pound again when connected you will hear the meet