Page 2 - Stephen Mcelroy News Today

>> commissioners, i am with the residential builders association. several of my colleagues and i will endeavor to summarize city housing trust history. mayor ed lee recognizes the need to replace steeply declining affordable financing for housing production with a reliable and continuous revenue stream, but he also recognized the need to create a stimulus for a crippled and acutely depressed local housing industry. to that end, the mayor convened the big tent working group of all housi...

>> commissioners, i am with the residential builders association. several of my colleagues and i will endeavor to summarize city housing trust history. mayor ed lee recognizes the need to replace steeply declining affordable financing for housing production with a reliable and continuous revenue stream, but he also recognized the need to create a stimulus for a crippled and acutely depressed local housing industry. to that end, the mayor convened the big tent working group of all housi...

>> commissioners, i am with the residential builders association. several of my colleagues and i will endeavor to summarize city housing trust history. mayor ed lee recognizes the need to replace steeply declining affordable financing for housing production with a reliable and continuous revenue stream, but he also recognized the need to create a stimulus for a crippled and acutely depressed local housing industry. to that end, the mayor convened the big tent working group of all housi...

mayor ed lee recognizes the need to replace steeply declining affordable financing for housing production with a reliable and continuous revenue stream, but he also recognized the need to create a stimulus for a crippled and acutely depressed local housing industry. to that end, the mayor convened the big tent working group of all housing trust stakeholders. large-scale developers, non- profits, local, indigenous, medium to small builders -- in short, it covers and a representative gro...

part of the overall housing production that we want to encourage in the city, not just the downtown development, but throughout the neighborhoods. we urge your support of this particular item. thank you very much. commissioner fong: thank you. >> the mayor transmitted to you before your meeting a letter asking for your support to restore the exemption of buildings with less than 10 units from the citys inclusionary housing program. the council and community housing organization also tr...

this item? >> commissioners, i am with the residential builders association. several of my colleagues and i will endeavor to summarize city housing trust history. mayor ed lee recognizes the need to replace steeply declining affordable financing for housing production with a reliable and continuous revenue stream, but he also recognized the need to create a stimulus for a crippled and acutely depressed local housing industry. to that end, the mayor convened the big tent working group o...

and the owner of fingered properties -- vanguard properties. many of the buildings in question, which kevin mentioned, simply do not pencil. the lending requirement itself is so stringent. the way a small construction community-bank pop-up -- community-bang-type lender looks at this, the inclusion very housing makes it look tough. what otherwise would be profitable for the developer -- it cuts down to very, very little. they are simply uncomfortable with the project. we see that time a...