■t >> i want to welcome to921 howa. this beautiful building righ up here. this is 18 stories hundred percent happens to be the tallest affordable housing in san francisco. our tallest building in our portfolio and it is a modern sleek building and really appreciate everyone who was involved in the process and all the people who live here. we will celebrate this accomplishment today, but we can't do this thou

from curtis development [applause] mayor office. swinerten construction. bank of america. [applause] techs. cal hsa and many others. [applause] lly we hold a ribbon cuten ceremony when the building is that means today we have 203 in this wonderful building right here. they are close to public transportation, shopping, restaurants, and cultural institutions and yerba buena gardens. that's the heart of what we are here to celebrate. at this time, i wainvite my co lamont and sharmain kurting to come up and talk about the story hoand what is special about 921 howard.

[applause] >> thank yomuch roxanne. i'm so pleased to be standing many may xoe, i worked at tndc a long housing development department and this delopment has been germinating for a long time, and shin partner in navigating our way forward to get to place today and i'm s grateful she is our codeveloper on 5pthi project. so, little about the story how we got to th as many know, soma had a lot of market rat of deeply affordable development, but little to no moderate income development, and the time we were conceiving this development there was a moderate income housing and 921 howard

to tndc and kurting development pe■erae and commitment providing affordable housing as a broad gof income levels. this unique we sefolks with extremely low income and moderate income supported by the california housing finance agency. it is also located across the street 5m development and benefits from all of those e outdoor amenities. contributing to a balanced community. we are so grateful to the mayor's office of housing community development for steadfast support over the years as we ng through the central soma plan and asled finacing the planning department, including steve great things at had state legislature. roh the central soma plan, the department helped us to substantiallzone this property. it was zoned to support 175 homes in 8 story building and today we

are delivering 203 homes in phase and the second phase on the side of the street howard is scheduled to be developed with another 230 homes. 921 howard is also one of the most development s in san francisco. s a cost effective design, thank you architects and developed total development cost 10 percent then despite the fact it took 10 years to how we were able to minimize is t acquisition carrying cost fortunate a philanthropic tech donor wanted to support in soma and h invest through us and rough the san francisco housing accelerator fund. grateful to many lenders that helped along the way, including rator find and the very being, enterprise and

state supported transit ieed affordable housing program. grateful to construction and perm lender to bank of america who made the bigest loan taken out and tax cut investment. grto cal hsa to support the middle income component the mayor office of housing community development. with that, i like to introduce sharmain. [applause] >> thank you katie. so, katie gavall the facts, which are really good and important facts, especially rt of this project, passionate about personally. i will go more philosophical. it has honor and privilege to work with tndc the past decade pl we won't say exactly how many years and to partner with them on of this amazing project. particularly grateful to ?(to [q

don falk who trusted me to lead the charge when was hard to see light at end of the tunnel beca we had a lot of ups and downs and but we persevered. lord knows we persevered and as e say these days, we been through it. it was worth it to get to this moment. i love we celebrate key mile stones throughout the journey starting ground breaking where we do the symbolic turning hf soil and topping off ceremony to write the name on the stbeams the top beam and finally grd openingism each is opportunity to recognize the is. if you are not in the business it is d folks involved. getting a building built.the c workers. hundreds, if not over a thousand people. it is just a lot of work.

i especially love the grand about. this is why we dowork, because there are right now over 200 hoeh folks who may struggled to find affordable housing in san francisco in san francisco over the years, and now they are in a safe place ere they have stable affordable housing really in at how is the city ctures the project. each building feels like a miracle, it it is just-the feeling of getting a building built, whether you arw keerten folks or us behind desks and on calls it an amazing feeling of accomplishment to make something where there was nothing. i think housinand affordable housing and sufficient supply of housing is really kind of one of the fundamental lot es of our time, and so

more miracles like 921 howard i just want to shout outs too, i want to say names because i worked in the folks. department, without them we wouldn't have [indiscernible] the samantha, mike, shawn and t, lovely boss lori who will speak in a minute, jaxson and ester on the tndc side. perry architects, dirk is here, steve is on vacation. amazing archecand highly recommend them and they had a great team of engineers and consultants who to make this happen. our construction manager dy isn't here today. bruce and amy are here.much wit

permitting an also just great people to work with. and last but not least, people who are not here, our financial consultants attorney california partnership [indiscernible] they are behind the scens and unsung heroes of the work of building affordable housing in the bay area., i'll turn it over to supervisor matrsey. [applause] >> thank you so much. it is a hoor■>to represent district 6. this is a neighborhood where thare building is really something that is a look a lot in the years to come and now we have a housing element where we are on the hook and we made a commitment we will produce 82 thousand units of housing over the next ing element cycle, and is an example of the kind of housing . it is an honor torupt

represent a district 21 century urbanism could be. there is a lot to thank and dont want to get in the list and there is one person i want to thank, mayor london breed to the bringing to housing in the city. two years ago i joined the board elected in the november election but there ear election of 1 mayor breed inie appointee. d wanted to do involving police staffing anug addiction and issues and i'm me was a housing nerd and london breed wa putting me through pacing where i stand on this and what--this is the d housing and cares about it because she

kcan make. i always fe cycle of pr love to come to these with ground breakers dit ki for those who have been with me at always complain if i don't get a hard hat and sh a gay supervisor so i want the construction gear. in terms of the thing we are here to celebrate, i was a great point made. today we are celebrating there is more then 200 families who lives are improved because of what we are doing.■vthis is probably the mo important thing we can celebrate is we have accomplishing and let's keep doing it. thank you london breed for her leadership and continued leadership. thank evbo■'this and a lot has to do with the financing happy to introduce recent winner of the [indiscernible]

sacramento business journal--i was sa i :will look on google and find a obscure thing to say, please welcome, irwin tam. >> wow, that is-thank you so much. i guess on google. [laughter] i am exd i am excited to have taken the s on thblocks to get coffee d stopped for a cup and that goes to show how important housing is and how rdable housing is that is being developed closer to public transit and amenities we have here. as supervisor tam, director of financing. arabout athe facts. we heard about the philosophy. i guess i can talk about the numbers. people exabout that. but first of all, cal isthe

state affordal housing lender and of [indiscernible] cal hfa is delivering housing for low and moderate income californians ste . when of the organizations we work closely with is the yo office of housing and community development. not only on this proj also work in conjunction with apple and yoathe bond recycling program and to datdelivered additional $250 million tax exempt would go unused, accept for this partnership. we are really office of housing community ve this project wasfunded through our mixed income ■ain, to date, we have delivered over 320million of subsidy funds across the mos

thousand units for low anand this is a prime example of the inclusive community we are trying to create ufor again low and moderate income californians. wouldagain like to thank the mayor office, tndc, bank of am the state treasurer fice for this financing scr i like to turn it over now to lori dunn. i didn't google you before hand. [laughter] >> good morning. my name is lori dunn the president division manager for swinergon in th this has been an amazing journey.■ we feel fortunate to deliver over 200 units to ■qdowntown san francis. we are a community builder and we really ity to

not only construct a beautiful building,s but to also be giving back to the community. we know how important this project is to tndc, and to mayor breed consider ourselves very lucky to have oject as a very successful projt tndc, curtis development, perry architects and all our partners. again, thank you for the opportunity. we are so cid be able to deliver this beautiful project. [applause] >> hi, everyone. liz of america so honored to no here today matter how chilly it can feel the sun always comefor these amazing opportunities. bank of america founded in the and our purpo make

financial lives better. wree do by supporting building of inclusive communities and creating economic opport livable neighborhoods just as we are seeing here today with this glorious new last year our community development banking invested $7.85 billion across the united statesand eco opportunity. these funds 13 thousand units of affordable usinand homes for families, seniors veterans formally methose with special needs. lf bank of america is proud be a public private partnership with tndc, curtis development, mayor office and francisco and cal hfa. i will thank all the same people we are thanking today. the yooffice, cal, tndc, kurting development anbaof america

teammates, many of whom were able to join me today. [applause] >> it sounds we are still waiting for the mayor to y, i have been planning to talk to you about very impnures that we like you to support. [laughter] as we all know, critically important to couple both local investment and e investment for affordable housing like 921 howards. while we have a state representative here, thank you irwin, we want the state, the legislature for pug op 5 on the ballot. who don't know and hopefully learning more up mber 5 will be lowering the voter threshold focaings like affordable housing and

infrastructure like schools, parks, health libraries and public transit. the state has been doing s part to make it much easier for localities to raise funds to affordable housing so please do your part and vote for prop 5 on november 5. alg withprevious state enabling legislation that allowed for the creation of al financing authorities like the bay area housing fiagey, which serves the 9 county ba stage for another important measure you will see on thballot in november known as regional measure 4 and also known by people in our field as the bofa bond, the bay agency. this bond will raise $20 billion dollars, 2.4 for the

city and county of san ancico. so, please we need voters throughout the whole region to vote ■%for this measure, and we need all of you to please do your part to speak about to your friends, family and networks er are to participate in which way you can to support the the measure. it is critically important to our ability and city of san frafund the pipeline it has and s■jee housing throughout our community. that's what i got. [laughter] [applause] are all here. we hope the mayor has her opportunity to thank you all and you have the opportunity to thank her and we thank you.roxanne to send you off into the-- fi

oh, okay! what? the pole toss is coming. this will be my--matt and i were talking what he learned experiences to position him to be ready to supervisor. i don't know if you want to share your story, matt? [laughter] i'll share.killing time. matt was sharing if it is okay, that he spent some time as a city attorney spokesperson and had the fun es cases the city were i can appreciate it. it is a hard job to be a suis not everyone is always happy with you all the time and you have to navigate yoknow, all those constituencies.■ and i am now public speaking

more then i have in the and ■mlearning how to roll with the moment. i will say one thing and then i appreciate-tndc is celebrating one of the biggest fund razors of had . we have two big events. this is called the pool toss. it is septber 26. it is an iconic san francisco event. it is real ea fun. it is at e x hotel a lovely institution in the tenderloin you should support. it has a great cocktail bar and pool and invite friends there when they come to down and beena supporter hosting this event. they are our neighbor. we are developed 555 larkin. mes serving families in the tenderloin and they have been a great neighbor and partner to us as we odesign and then execution that building.ha that

building earlier isand the pool toss, we have a web page and you can donate. i think we are up to 5 and so rebecca foster who ads the housing accelerator fund and i mentioned her was involved in ortithis project is one of our tossees. yes! tickets and sponsorships are available. [laughter] s, ere actually a lot of food from local businesses. much that food is actually doinated to us i believe and we have bar, but just drink one or two. dont get drunk on the jo+kout o. tickets are available now. [lr] perfecto! do you think she was hear my bofa

spiel? deliver it as she walks in. redo over? okay. roxanne will do that. a lot of us officials dignitaries t i want to recognize some of our staff that are back here in the back. raise your hands if you work at this building and we appreciate each and every one of you guys. [applause] you're what makes this happehav the ribbon cutting you make success thank you all for coming. thank you. here too? yes. i think the mayor's here now. i'll stop.

>> yes, to development team can build a beautiful building what matters in the lives of the people that live in it is the peday with property management and services and pleased to introduce q0you, mayor london breed. lright. i made it. better late then never, right?s come to 3p events like this, whether it's ground breakings or rion cuttings, what people don't always see is all the hard work that goes into ng something like this possible. all the various ganizations to put the financing together. the hard work that goes into making sure neighborhood preference is a riand project like this we are very intental about outreach to insure families struggling the most

have access to a beautiful place like this. wk is really very rewarding to through these doors, especially after being at the ribbon-i mean the ground breaking on the site and lori from swinerton was there other folks. supervisor, i don't think you were there yet. we were misingyou though. we were there breaking the ground and talking about the significance of what this will mean for families really trying to open up the pipeline for miewho arjust a little bit above the low but like middle income and we are making tad bit too much to qualify for affordable housing. to have this project go up to 120 rcamcredible and really exciting, and this is one the biggest projects i think we ever built

from mohcd.s thanks to the voters for passing all dollars in bonds, we were able to use $39 milln the other person always at me with these various openings and ground baking is liz from [applause] for being here, and for your continuous support. but i am al excited about welcoming and having someone american led and owed w curtis from curtis development because that often doesn'happen with projects like this. it is so meaningful and th katie and tndc and so many who helped put the pieces of the puzzle

make this project not only success, but are trying to serve.■d it is amazing building, a beautiful neighborhood7■nd 5 and at we ar doing with downtown, bringing more people and families to downtown and sure that there are amenities and support and are there is housing cuty that's what this project is about. that's why i'm so happy be here adding more housing to our portfolio. we need more and re and more, and now with not only sb423, which will make everything that is following whatever the ruare as of right, so we can get more housing built, but this state regional bond, what is it called now? bofa. what number is it? four. that is going to deliver even more money, so can do more projects like this faster. we have a number of projfor the

resources and can you imagine with over 50 thousand units already approved san francisco, 50 thousand housing units in the san francisco pipeline what that would do fwr housing '!in the city! it would be a at is what we are doing with new housing policies and getting to yes and making magic like this project happen so hay u to all involved and congratulations to the new families who have a opportunity for a safe fordable place to call home. thank you. [applause] >> starting 5, 4, 3, 2, 1! [cheers [/:ivh

begin the retirement meeting of >> roll call, please. >> gandhi? >> present. >> president thomas. >> present.resident heldfond. >> present. >> driscoll. >> present. >> bridges. >> present. >> thank you, quorum, mr. president. >> thank you, let's apologize number one for the noise.if any humor about need to read what h mo in the summer garage right across that alley. i'll let you read it because all the horns went off. >> yeah.u÷ >> anyhow, let's do xt