Country. That can be addressed by providing culturally sensitive pathways to college. Within the context of philipino culture youth will receive College Degrees and are able to maximize their earnings potential within the work force, can help lift their own immediate family out of poverty as well as start their even few fuer families on the right foot, thereby breaking the cycle of poverty thats prevalent in our community and well in the city. As you are already aware, San Francisco is one of the worst income and social inequality gaps in the country today. We urge you to fund our College Prep Program to help our community and of course the city. Thank you. Next speaker, please. Morning, everyone. My name is robert, abut, i am the father of micah abut. I want michael to go to college, i believe west bay philipino will help her stay in school. Even now her foundation for success in life is being set. Without w eft bay philipino help it will be difficult for me and my wife to raise micah
Questions, colleagues . Thank you, we havent heard from the budget analyst yet but im looking to make an amendment based on the input from miss delrosario so we have a report from our budget analyst. Yes, mr. Chairman, supervisor avalos, on page 27 of our report we state the Soma Community Stablization Fund currently has an available balance of 10. 3 Million Dollars as shown in table 4 and the available balance will be reduced to 9,805,576 if the board of supervisors does approve the proposed allocation totaling 500,000 to united players and west bay philipino Multi Service corporation. Then on page 20 of our report, the mohcd has advised us the city has no liability for the loan between united players and john hammond and we state because the city through the soma stablization is providing the down payment for the purchase of 1038 Howard Street by united players, mohd will require that united players will replace the value as part of the agreement between the Mayors Office of housing
Reduced to 9,805,576 if the board of supervisors does approve the proposed allocation totaling 500,000 to united players and west bay philipino Multi Service corporation. Then on page 20 of our report, the mohcd has advised us the city has no liability for the loan between united players and john hammond and we state because the city through the soma stablization is providing the down payment for the purchase of 1038 Howard Street by united players, mohd will require that united players will replace the value as part of the agreement between the Mayors Office of housing and Community Development and united players if the 1038 Howard Street property is sold. So our recommendations at the bottom of page 29, we recommend you amend the resolution to state the city has no liability on the loan between united players and mr. John hommond and they will be required to reimburse the city plus a proportional share in the value of 1038 Howard Street from the proceeds of any sale of property inclu
In that study and as a fairly recent immigrant myself i am very aware of the challenges new philipinos face. We are unable to immediately adapt to demands of life in our new country. That can be addressed by providing culturally sensitive pathways to college. Within the context of philipino culture youth will receive College Degrees and are able to maximize their earnings potential within the work force, can help lift their own immediate family out of poverty as well as start their even few fuer families on the right foot, thereby breaking the cycle of poverty thats prevalent in our community and well in the city. As you are already aware, San Francisco is one of the worst income and social inequality gaps in the country today. We urge you to fund our College Prep Program to help our community and of course the city. Thank you. Next speaker, please. Morning, everyone. My name is robert, abut, i am the father of micah abut. I want michael to go to college, i believe west bay philipino w