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Supervisor avalos has made a motion to send this to committee. Is there a second by that . Seconded by supervisor campos. Colleagues, can we take that motion to send this Committee Without objection . Without objection that should be the case. [gavel] and madam clerk, can you call item 76 . Item 76 is a resolution urging the newly elected government of the republic of el salvador to respect and uphold the rights and protectionses of members of the lesbian, gay, bisexual, transgender and Intersex Community of el salvador. ~ of el salvador. Supervisor campos. Thank you, mr. President. On the prior item, i do want to thank all the members of the public who came and especially homeowners who shared their stories. Not an easy thing to do, so, thank you. I just want to note that this resolution on el salvador is actually very timely. And unfortunately, since i first introduc ....
Loans are being sold to wall street speculators, some of the largest private equity firms in the country [speaker not understood]. With the cares program we have an opportunity to intervene and acquire the under water loans and get good actors to fix them. We make sure the city is protected. The city of richmond and other stakeholders to have the joint Powers Authority to negotiate a contract with the private partner, a private partner who commits to covering operating support, quality legal support, commits to indemnifying the jpa for [speaker not understood]. Were asking you the board of supervisors to there is no other program for these particular folks and for anyone who questions whether these homeowners deserve help, ive looked at these loans and if you know anything about [inaudible]. Thank you very much. [inaudible]. Thank you very much. Thank you. Next speaker. applause hello. I am speaking on behalf of prop 74 so you g ....
It today. Please move forward with this. Please [speaker not understood] it should have happened a long time ago. I think supervisor avaloss plans for public banking and Public Resources are right on, we need to invest in those. We have the money to do it and its a very rich city. If we cant do it nobody can. Thanks for listening. Thank you. applause next speaker, and if there are any other members of the public that wish to speak in general Public Comment, please step up. Please step up. My name is grace martinez. I am the lead organizer for San Francisco ace and of many of the people that you heard who are facing foreclosure are people that i talk to and even seek out knowing that there is a way to fight back. I think that one thing that many supervisors and i, you know, personally i dont ever, when i think of city ha ....
Nothing good comes to mind. And its mainly because of the frustration and bureaucracy. And i think that right now, considering how many people this program can help, im just hoping that bureaucracy doesnt get in front of it. We have been fighting this foreclosure crisis. Its not a new problem. Its been since 2008 and we have a solution in front of us. The foreclosure crisis hasnt stopped. Right now, numbers that weve gotten from the city, there are 283 homes that are in the foreclosure pipeline in addition to the 300 under water homeowners. Thats close to 600 people that will lose their home unless someone does something. And right now in San Francisco the board of supervisors, the city that leads everything, is in the position in the position to do something. We have spent three years lobbying the state in regard to putting 57,000 against homeowners who are lobbying for themselves. We continue to pressure the federal government an ....