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[applause] good afternoon welcome and they give you for joining us today on the topic of critical importance. I am president of the United States institute of peace with the critical moment to this serious conflict to threaten not of the regional political will security with the arrival of refugees in europe that there is 60 Million People displaced by conflict and 12 million are syrian. And estimates suggest what quarter have been killed in the civil war today. One of the pressing tragedies of our time United States has been the leading donor of humanitarian assistance over the last five year...

Of living. The research on standard of living shows unambiguously that trade is great for these reasons. I just make two observations. Trade is great when say, japan is in recession. Japan is a huge economy. If japan werent in recession, it would be a huge economy plus 3 . So the returns arent that different no matter whats going on with japans Business Cycle or any of our trading partners. The second is i think to the extent the world is becoming more chaotic, what does this mean about the returns to trade . I think arg automobilely that raises the returns to trade. We are a world with greate...

The Interest Rate is going to be less than 3 percent. Less than 2 percent . 3 percent. Okay. Thank you. Thank you. I have one more question. About the parking why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code a...

Less than 2 percent . 3 percent. Okay. Thank you. Thank you. I have one more question. About the parking why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code and what will be happening in in the candlestick area a...

The Fbi Department to come and check on a lot of these things thats going on im going to to do that myself thank you very much. Thank you dr. Jackson. Do we have any members of the public that would like to address the commission on any of these items . 5 e or 5 f . Seeing none, Public Comment is closed. Commissioner singh . I have a couple of questions. This 2 million loans what are they talking about about . Ill have jeff white respond he knows about the financing. The term of the oci loan is 65 years. What is the Interest Rate . The Interest Rate is going to be less than 3 percent. Less tha...