Page 9 - Work Force Housing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

[ music ] [ music ] music [ music ] [ music ] [ music ] good afternoon, everyone. This meet willing come to order. Welcome to february 14th. Happy valentines day. My name is sfie. Chair of the committee and to my right is the advise chair and Committee Member catherine stephanie. Thank you for joining us today. Also our clerk today is alyssa sumera and i would also like to thank sfgovtv that is staffing this. Hernandez and ianes. Clerk please make sure to silence all cell phones. All documents should be submitted to the clerk. Items acted on today will appear on february 27th innocence otherwi...

With that this graph shows how that interreerated with supply of housing. The red line decreasing is Housing Units per resident. As we have grown with our booming economy and people flocking to San Francisco we reduced the number oaf units per resident and at the same time the green line represents the medium rent of 2 bedroom apartment so that continues to rise as a inverse measure to the decrease of supply rel ative the the residence in srf. Obviously we have a challenge of trying to address our growing population. It is not just about supply and demand. What we learned throughout the prop k...

Right sfrite the mixed income level we think is critical to success of Surplus Property or public landss program and that present as challenging choice. If we force a tall site into a low or moderate income context that presents the choice if you build to the full Development Capacity you use up our limited subsidy funds to move quickly or wait for the funds to come in. We would like all the above strategy, a multipronged strategy that brings the mixed income proposals forward as well. To close i want to say i think in working on Public Lands Program with Planning Department and Real Estate Di...

Interest in the work and participate in development on city properties. If there is a presentation or discussion from city staff, we are welcome to hear. Good monchish supervisors. Mike martin. Thank frz the opportunity to speak today. Im going to speak a little about our work with public lands for Housing Program which focused on enterprise department. I think it share as lot oof the objectives of this legislation and i appreciate the reference to the sort of dmunty work we did with that program because it shows up in the thipging behind this legislation so well run through that real quick an...

Test test test test so they are paying roughly the same cost to construct them. It is hard to understand how they could provide Work Force Housing because it doesnt pencil out from a point of view. It is local tax break assistance you dont want lower rates. The market is made more robust and more positive because of what rates are. As those go down it will become less valuable. I am suggesting if you keep the program as it is it will naturally be reduced and perhaps a rethinking of that incentive is in order. I think you said something very important there but im not sure everybody understaood...