Page 47 - John Roche News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> 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 housing trust stakeholders. large-scale developers, non- profits, local, indigenous, medium to small buil...

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 group of stakeholders from across the industry spectrum -- they joined together to make common cause, a...

i urge you to pass this ordinance. thank you. >> good evening, commissioners. my name is leo cassidy. again, i am going to reiterate some of the same words that were already said a little bit. it will be short and sweet. we were here in 2006. we knew it was a bad idea then. this is about putting people back to work. it is very simple. it is what we need to do. i believe this was designed in 2006 for downtown developers to get a free ride, because there were so many units in the pipeline that would clutter the amount of units that would be for sale in the market. anyway, that is prett...

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 of all housing trust stakeholders. large-scale developers, non- profits, local, indigenous, medium to...

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 and time again, for the only lenders doing these projects. even if a project is approved, and i know ...