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[inaudible conversations] the hearing will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate fa...

100,000 more per unit because we cant access federal and state funds for those apartments, and so we have those cost constraints that really are important to consider. If were putting 100,000 extra to put an apartment that is affordable to somebody at 100 of a. M. I. Or 120 of a. M. I. Then that means less Affordable Housing to other groups of people who are desperately in need, like people experiencing homelessness. What we have by increasing the definition of middleIncome Housing, it does two things. It reaches more middleincome houses, and for a household of three, looking at for a twobedro...

Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Insti...

Affordable Housing Development so the more Affordable Housing the better. We have also seen deals and in your District Supervisor recently after a very lengthy community iterative process and the expenditure of millions of dollars, two developments trying to go forward could not in fact. And so that is thats what sometimes happens when the risks are great, the costs are high, and we get these Great Community benefits that then tip those particular parcels and i think you know the two that im thinking of. I do know the two you are thinking of, and one has been purchased by the city and 100 Affo...

A lot of back and forth, and that takes a long time and drives costs up. Now, like in many cases thats great, you know. I have devoted my career to an Affordable Housing development so the more Affordable Housing the better. We have also seen deals and in your District Supervisor recently after a very lengthy community iterative process and the expenditure of millions of dollars, two developments trying to go forward could not in fact. And so that is thats what sometimes happens when the risks are great, the costs are high, and we get these Great Community benefits that then tip those particul...