tv Government Access Programming SFGTV January 10, 2019 11:00am-12:01pm PST
values, and removing exhibit b, bond council had left that with state regulations in section 5852.1 of the california government code, and we have addressed those in the staff memo. that was no longer necessary to retain in the resolution. if you have any further questions about specifics of the changes, the city attorney is here to answer any of those. >> okay. >> assuming approval of the committee from the board as was described in the previous presentation, we anticipate cell door sale and closing of the bonds in february, 2019. i will take any questions if you have any. >> any questions? yes. supervisor mar? >> thank you for the presentation. i just had a question just because i want to understand this better. is one of the pieces of this
resolution authorization of the -- up to $260 million repurchasing what was originally for the 1992 designated for seismic now to affordable housing, site strategy -- >> right. this is the first issuance in this new prophecy program. we need to authorize the full use of the amount of bonds that are authorized. so it is just a one-time resolution. the next time we come with a sale for this program, the 250 million has already been authorized. so we just ask for the sale resolution for the next sale. >> and the prophecy that was passed in 2016 -- >> it was november 2016. that's right. >> i was just curious why it has taken two years for this to come
here, or has there been other stuff that has happened in 2017 and in 2018? >> yes. there has been a long process. there has been a development process about how exactly this program was going to be utilized to conform with the intent of that proposition. earlier, last year, last fall, there was another resolution that went to the board to approve a whole set of program regulations which would guide the development of the program, and i know jonah lee worked on that as well as colleagues. he can speak a little bit more. my understanding is over the last two years it has been a process of developing guidelines , and targeting projects that these funds would be used for. >> i would add to that it has been a long process, but it has been the one that we want to get right, and the good news is
right now, as we are going into the market, rates are looking very favourable. in the meantime, we have also been able to work with our sponsors and partners to generate the pipelines. we wouldn't want to go out into the market and issue before we were ready to use it, otherwise a city would be incurring a significant debt service expense without having the loans ready to close. right now we have a significant pipeline that we are ready to make loans to, and it is quite timely, although of course, had we been able to do it a year earlier before that, we would have. >> thank you. >> any other questions? singing none, let's ask our budget legislative analyst for her report. >> yes, this is authorizing $260 million in remaining bond authorization for loans to affordable housing programs and
for seismic safety upgrades. if you look at page 20 of the report, table one, you will see how these are allocated. there are about $100 million for below market rate loans, and the balance of a hundred $56 million would be for market rate loans. that has not been much demand for those. they are for seismic safety upgrades. the idea, on my understanding is that the they think it would work to combine the below market rate loans in the market rate loans that would create to the combined interest that would be an affordable loan for these developers. the below market rate loans are subsidized. that developers have paid back one third of the city's cost. principal plus -- plus one third of the city's cost. two thirds would be subsidized by the property tax rate and the market rate loans are not subsidized loans. it would depend on how the loans are issued. there is a variation in the annual property tax rate which
was discussed. about 19 cents a year, to little more than ten dollars per year in terms of the impact. if you look at the appropriation , because you are approving the appropriation, it is $75 million for 2019. we summarize how those funds would be used in table two on page 2 of our reports. it has been mentioned. but to call out there is a limit on how much can be issued each year. and it is restricted to 35 million allocated between market rate rate and because funds were not issued since 2015 , there is an accrued amount in 2019 of $75 million. it would be restricted to for 35 million per year that they could be sold. in terms of a question that was asked about the 40 year payment, the interest payment on $75 million is 113 million over 40 years. so the total principal and interest would be about
$188 million over the 40 year term of the loan. some of that is paid back through the loan repayment, some of it is on the property tax. we recommend approval. >> thank you very much. any questions? seeing none, mr gibbon or -- mr gibbon or -- gibner i would like to hear your opinion. >> you can make the amendment and pass a resolution out of committee today. >> let's open it up to public comment. are there any members of the public would like to comment on these items? seeing none public comment is now closed. colleagues, no questions for mr lee at all? i have one question. as we look at the site that we see, none of them are on the west side. so we were just wondering, we
are all supervisors on this side , about the geographic equity and the disbursement of these funds. >> that's a great question. supervisor fewer, we are totally aware of the unmet need across on the west side, as well as other neighbourhoods at the city and our programs work in collaboration with sponsors. we really are doing our best to work and support our sponsors to actively locate sites all across the city, and meet all of the unmet need to. we done two sites on the west side. most recently in december, the 2,899th avenue project. it would have been on this pipeline, certainly all of those other projects would have qualified for past funding. the reason why that 289 ninth
avenue is not on the past pipeline is because it got such great financing from east west bank. >> we are thankful to them. >> we are as well. we really are doing everything we can to support our sponsors in locating and identifying sites, and this program funding will really be able to make a difference in reducing the borrowing costs to make those other transactions more financially feasible, and i think there is also some alignment in the proposed legislation for the community option for purchase. >> we hope that passes. thank you very much. thank you. any other questions, comments? would anyone like to make a motion on this item? if not, i will make a motion to passes out of committee with a positive recommendation as amended. >> would you like to accept the amendment? >> yes. can retake the amendment without objection?
that's great. we would like to pass this to the full board with a positive recommendation as amended. thank you very much. can you please call eight times nine, ten, and 11 together. >> item number 9 his resolution authorizing the mayor's office of community of housing and community development to execute a grant application under the department of housing and community development affordable housing and sustainable communities program, as a joint applicant with balboa park partners, housing partners for the project at 2340 san jose avenue. item ten is resolution authorizing the mayor's office of housing and community development on behalf of the city to execute a grant application under the program is a joint applicant with turk 500 associates for a project at 500 turk street, and item 11 is resolution authorizing the treasure island develop its authority on behalf of the city to execute a grant application under the program is a joint applicant with mercy housing california, a.c. transit, or the
san francisco county transportation authority for the affordable housing project at treasure island parcel project. >> thank you very much. i believe we have sarah from the mayor's office of housing and community development to present on the sight them. >> thank you, good morning. i would like to note we have amendments 49 and ten that we would like to submit at the end -- we have amendments for nine and ten that we would like to submit at the end. >> do you have those in writing? >> sure. >> we assume liability for three affordable housing projects in the city.
the first is 131 units of family housing located at 2340 san jose avenue, also known as balboa park upper yard. the second is 107 units of housing located at 500 turk street, in the third is 135 units of family housing was 66 units for homeless families at treasure island. the program funds projects to support infill and compact development that reduce greenhouse gas emissions. the fund is established by the state and is known generally as up and trade funding. in order to be competitive, the project will be submitting direct applications with the city for $20 million each eric it is broken into two major components. the second is a grant to go towards transportation improvements for the associated greenhouse gas reduction measures included in the application. for balboa park upper yard, the award request is for
$14.5 million. they are applying for $14.5 million. for 500 turk, that request is for $13.9 million and the transportation grant is for $6.1 million, the treasure island parcel is requesting $14.7 million in housing funding , and $6.6 million for transportation improvements. the program requires the applicant for the project will be held jointly and liable for completion of the projects. this means that both parties are liable for the completion of the entire project and the entire project may need to take additional steps to have the housing, or transit portion completed. either party needs to take that. balboa park upper yard was purchased in august of 2008 through a jurisdictional transfer process and is located across from balboa park station at geneva and san jose. it serves as an sfmta employee parking lot and the team expects to begin construction in spring of 2021.
for 500 turk, the site is a tire and automotive services store located on the corner of turk and larkin. they purchase the site with the defence and will develop it as 100% affordable housing, and the team expects to start construction at the end of december. the treasure island parcel is provided to the city through tee ida. the site is a vacant site within the treasure island redevelopment area and they expect to start construction in march of 2021. thank you for your consideration for each of these resolutions. to apply for funding -- thank you for your considerations for each of these resolutions too polite to apply for funding. funds that would have otherwise come from the city to fill the gap. we are excited to try and leverage these funds to see affordable housing folded into the solution for greenhouse gas reduction and combating climate change through smart growth practices. the teams are working to complete the funding application by the deadline to february 11 th 2019. after which, if awarded, we will
be returning to committee to accept and expand these funds. this concludes staff presentation. the sponsor and staff are available for any questions you may have. >> thank you very much. colleagues, any questions? seeing none, i don't think this is -- there will be a report on this item. can we please have the opinion on the city attorney of these two amendments that have been put before us. okay, it would be helpful if the city attorney had a copy. >> sorry about that.
these amendments are nonsubstantive, so you can make them and pass the item after that. >> thank you very much. let's open it up for public comment. are there any members of the public would like to speak? seeing no comment, public comment is now closed. colleagues, would anyone like to make a motion on this item quite yes, i'm sorry. supervisor mar has a question. >> i had a question -- >> i'm sorry. i believe from sarah to answer. thank you. >> hi, i was wondering if you could describe a little bit about what types of community members will be served by these three projects. >> sure. i can speak to balboa park upper yard and have the developers come up and speak to the 500 turk street or the treasure island one. balboa park upper yard -- so the city -- when you say serve, do
you mean what residents will be living in the property? >> yeah, if it is targeted to specific -- >> in the city we have a list of preferences that are for all of our affordable housing projects i go through the lottery system. i don't know them all off the top of my head. certificate preference holders, neighbourhood preference, looking around to anyone else who can help me. any other preferences? live work is another one. those will go in order and those are all -- all the units will be set aside based on that depending on if they have additional funding. for instance, balboa park upper yard may also have project-based vouchers from the housing authority, in which case those units would be set aside for waitlist residents on the housing authority. the difference would certainly come from our preference order
in the city lottery system. i believe the same would be said for a 500 turk since i don't have additional funding. all of them will still go through the lottery system with all the liberals preferences. there are 66 of the families that are set aside for treasure island that have continuum of care. they will come through for their referral process for the rest of the units will go through the lottery system. >> thank you very much. any other questions from these colleagues? with someone like to make a motion? if not -- oh, yes, hello. >> good morning, supervisors. i apologize, we caught one more error that needs to be amended for item number 10 on file 181221. it is a breakdown in the total application of funds. it should actually read as up to
13.7 million for the housing award and up to 6.3 million for the transit award. that should be nonsubstantive as well. we ask for your amendment. >> this is amending the amendment that you gave to us. is that correct while. >> no. it is an additional amendment for that file to show an accurate breakdown of the housing fund versus the transit funds that we will be applying for, the existing numbers are a little bit off. >> thank you very much. okay. can we have a motion -- >> i move that we accept the amendment as stated for the full board with recommendation. >> can we take that without objection? and q. are there any other items before us today? >> there are no other items on this agenda. >> since there is no further business, this meeting is now adjourned.
>> it was really easy to sign up for the program. i just went online to cleanpowersf.org, i signed up and then started getting pieces in the mail letting me know i was going switch over and poof it happened. now when i want to pay my bill, i go to pg&e and i don't see any difference in paying now. if you're a family on the budget, if you sign up for the regular green program, it's not going to change your bill at all. you can sign up online or call. you'll have the peace of mind knowing you're doing your part in your household to help the environment. >> we love our parks, but we
love... >> and the community who is really the core of it all, came together and said what we need is a place for our teenager to play, not just play grounds for the kids and soccer fields but we need a skate park that will keep the kids home in the neighborhood so they can play where they live. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life.
>> welcome to another episode of safety on today is episode we'll show you how 0 retroactive you're home let's go inside and take a look. >> hi and patrick chief officer and director of earthquake for the city and county of san francisco welcome to another episode of stay safe in our model home with matt we'll talk about plywood. >> great thanks.
>> where are we we if you notice bare studs those are prone to failure in an earthquake we need to stabilize those they don't lean over and plywood is effective as long as you nail along every edge of the plywood for the framing we'll nail along the sides and top and on the bottom 0 immediately you'll see a problem in a typical san francisco construction because nothing to nail the bottom of the plywood we've got to wind block between the studs and we'll secure this to the mud sill with nails or surface screws something to nail the bottom of the plywood. >> i notice we have not bolted the foundation in the previous episode thorough goes through options with different products
so, now we have the blocking we'll a xoich attach the plywood. >> the third thing we'll attach the floor framing of the house above so the top of the braced walls one to have a steel angle on top of this wall and types of to the top of the wall with nails into the top plate and the nails in this direction driving a nail it difficult unless you have a specialized tool so this makes that easy this is good, good for about 5 hundred pounds of earthquake swinging before and after that mount to the face of wall it secures the top of wall and nailed into the top plate of the with triple wall and this gives
like most immigrant families, my parents wanted a better life for us. my dad came out here first. i think i was almost two-years-old when he sent for us. my mom and myself came out here. we moved to san francisco early on. in the mission district and moved out to daily city and bounced back to san francisco. we lived across the street from the ups building. for me, when my earliest memories were the big brown trucks driving up and down the street keeping us awake at night. when i was seven-years-old and i'm in charge of making sure we get on the bus on time to get to school. i have to make sure that we do our homework. it's a lot of responsibility for a kid. the weekends were always for family. we used to get together and whether we used to go watch a movie at the new mission theater and then afterwards going to kentucky fried chicken. that was big for us. we get kentucky fried chicken on
sunday. whoa! go crazy! so for me, home is having something where you are all together. whether it's just together for dinner or whether it's together for breakfast or sharing a special moment at the holidays. whether it's thanksgiving or christmas or birthdays. that is home. being so close to berkley and oakland and san francisco, there's a line. here you don't see a line. even though you see someone that's different from you, they're equal. you've always seen that. a rainbow of colors, a ryan bow of personalities. when you think about it you are supposed to be protecting the kids. they have dreams. they have aspirations. they have goals. and you are take that away from them. right now, the price is a hard fight.
they're determined. i mean, these kids, you have to applaud them. their heart is in the right place. there's hope. i mean, out here with the things changing everyday, you just hope the next administration makes a change that makes things right. right now there's a lot of changes on a lot of different levels. the only thing you hope for is for the future of these young kids and young folks that are getting into politics to make the right move and for the folks who can't speak. >> dy mind motion. >> even though we have a lot of fighters, there's a lot of voice less folks and their voiceless less folks and their voiceless because they're scared. - working for the city and county of san francisco will immerse you in a vibrant and dynamic city that's on the forefront of economic growth, the arts, and social change. our city has always been on the edge of progress and innovation.
after all, we're at the meeting of land and sea. - our city is famous for its iconic scenery, historic designs, and world-class style. it's the birthplace of blue jeans, and where "the rock" holds court over the largest natural harbor on the west coast. - our 28,000 city and county employees play an important role in making san francisco what it is today. - we provide residents and visitors with a wide array of services, such as improving city streets and parks, keeping communities safe, and driving buses and cable cars. - our employees enjoy competitive salaries, as well as generous benefits programs. but most importantly, working for the city and county of san francisco gives employees an opportunity to contribute their ideas, energy, and commitment to shape the city's future. - thank you for considering a career with the city and county of san francisco.
>> good morning. my name is sophia, i am a founding chair of women's rights san francisco. [applause] this is the first time i am the emcee, and the first time i am at an inauguration. it is the best one. it is my distinct honor to be the m.c. of the inauguration of san francisco's assessor recorder, carmen chu. loblaws. we have many distinguished guests in attendance today who had like to acknowledge. welcome to mayor london breed. [applause]