>> i want to welcome to grand opening ofhoward street. this beautiful building right up here. this is 18 stories of hundred percent affordable housing. has tobe the tallest affordable housing in san francisco. our tallest building in our portfolio and it is a modern sleek building and al appreciate everyone who was involved in the process and all the people who ■ákglive here.

we will cee is accomplishment today, but we can't do this without acknowledging the work and of o partners here. this includes sharmain curtis from curtis development [applause] the mayor office. swinerten construction. bank of america. [applause] techs. many others. [applause] traditionally we hold a bon cuten ceremony when the building is fully occupied. that means today we have 203 families and individuals who are living in this wonderful building rit here. and cultural institutions like ums and yerba buena gardens. that's the heart of what we are

here to celebrate. at this time, i want to invite my co ceo katie lamont and about the story how we got to this building and 921 howard. [applause] >> thank you so much roxanne. i'm so pleased to be standing here besides sharmain. nymay xoe, i worked at tndc a long time and started leading the using development department and this development has been germinating ■átime, and sharmai in navigating our way forward to get to this place today and grateful she is our codeveloper on this project. so, little about the story how we got to this place today.

as many know, soma had a lot of market rate development and are a lot of little to no moderate income dee vepmtime we were conceiving this development there was a erate income housing and 921 howard to tndc and kurting development perseverance and commitment sing as a broad ls.ome this unique we serve folks with moderate income supported by the california housing also located across the street from the development and benefits from all of those e q outdoor amenities. contributing to a balanced community. to the mayor's office of housing and community the years as we pursued upzoning through the ntra and assembled financing. we are especially grateful to

the planning department, including steve wartime now moved on and doing great ngs at had state legislature. through the central soma plan, e department helped us to substantially upzone this property. homes in a 8 story building and y are delivering 203 homes in the first phase ane second phase on the side of the street that fronts howard is heduled to be developed with another 230 homes. 921 howard is also one of the most cost effective affordable housing t s in san francisco. it has a cost effective design, thank you perry architects and 10 percent then typical affordable housing and this despite the fact it took 10 years to assemble financing. part of how we were able minimize that acquisition carrying cost is fortunate a donor wanted to support moderate income housing in

invest through us and through the san francisco housing accelerator fund. ■whelped along the way, a including the housing accelerator find and the very beginning, enterprise and @ state supported transit oriented affordable housing program. grteful to construction and perm lender to bank made the bigest loan taken and tax cut investment. grateful to h to the middle income component and grateful to the mayor office of usent. with that, i like sharmain. [applause] >> thank you katie. so, katie gave all the facts, ic really good and important facts, especially around the middle income partof this project, which i'm go more philosophical.

it has been an honor and privilege to k with tndc the pa plus. we won't say exand to partner with them on the development of isamazing project. particularly grateful to katie and to don falk who truste hard to see light at the end of the tunnel because we had a of ups and downs and setbacks, bu lord knows we persevered and as the kids like to say these ys[$ig, been through it. it was worth it to get this moment. i love we celebrate ughout the with the symbolic turning othf soil and topping off remony to write the on the steel beams the top beam and finally the grand in■]ea is opportunity to recognize the

small army of people and it is. ifyou are not in the business it is hard to describe the number of folks in. getting a building built. including all the nstruction workers. hundreds, if not over a thousand people. it is just a lot of work. i especially love the grand opening t.cause this is what it is alqb this is why we do the work, because the over 200 households living here. folks who may struled ■

on calls it amazing feeling of accomplishment to make something where there was nothing. i think housing and affordable housing and sufficient supply of housing is really kind of one of th fund■famental issues of our time, and so we did a miracles like 921 howard to happen. i ju want to shout outs too, i want to say names because rk i in the trenches with these folks. planning it department, without them dn't have [indiscernible] the team, sarah, austin, gabby, samantha, mike, shawn ■and lovely boss lori who will speak in a minute, jaxson and ester who manage on the tndc side.

perry architects, dirk is here, amazing architects and highly recommend them and th team of engineers and consultants who worked to ■j our construction manager andy larsson isn't bruce and amy are here. they helped so much with permitting and also just great people to work with. and last but not least, people who are not here, our financial attorney california housing ■wrtrship [indiscernible] they are behind the scenes and unsung heroes of e ■ building affordable housing in the bay area. ment with that, i'll turn it over to supervisor matt dorsey. [applause] it is a honor to reent district 6. this is a neighborhood where the something that is a blue print what san francisco will a lot like in the years to come and now we have a

housing eme aronthwe made a commitment we will pruhousing over the next housing element cycle, and this is an example of the kind of housing we need.an honor torupt rea district 21 century urbanism could be. there is a lot to thank and dont want geand there is one person i want to thank, mayor l bringing to housing inx+ two years ago i joined the board or little over 2 years and elected november election but there was a early ecti of 1 mayor breed interviewing people who would be her appointee. i had a lot of opinions what i p wanted to do involving police staffings

and recovery from drug addiction sues and i'm a member--i thought i waa housing nerd and london breed was putting me through pacing where i stand what--this is somebody who really sweats the ta,s on housing and cares about it because she knows make.a big difference it in the life cycle of projects, i always love to cothese with ground breakers and different kinds of things. for those who have at ground breakering, i always complain i n't get a hard hat and shovel and vet. i'm a gay supervisor soi want the construction gear. i like the drag and whole thing. temsof the thing we are here to celebrate, i was a great point made. we are celebrating there is more then 200 lives are improved because of what we are doing. this is probably ing we can cel we have co doing it. thank you to mayor london breed

for her leadership and continued leadership. thank you everybody for your partnership on this and a lot has to do with the financing and for that i'm ppy to introduce from cal hfa, the of the [indiscernible] amfibusiness journal--i was saying earlier, i will look on google scure thing to say, so win tam. [applause] >> wow, that is-thank you so much. i guess i do appear ■v i am excited to be here. i cited to have taken the s on the subway and walked get here and stopped for a cup of coffee and that oeto show how important housing is and how important affordable housing is that is being developed closer to public transit and amenities we have here. as supervisor said, i'm irwin

we heard about the facts. we heard about the philosophy. i guess i can ta about the numbers. people are excited about that.o state affordal housing lender and under leadership of tina hall and [indiscernible] cadelivering housing for low and moderate income californians state wide by working when of the organizations we work closely with is the mayor office of and community development. not only on this project, but also work in and the mayor's office to on cling program and to date delivered additional $250 exempt bonds, which otherwise would go we are really proud that

relationship with the mayor's of housing community development. is our mixed income program and again, to ate, we have delivered over illion of subsidy funds across the state which resulted in all most 10 thousand units for low and moderate income californians anthisd is a prime example of the inclusive example of the inclucreate for low an moderate income californians. we would again like to thank éó office, tndc, bank of america, and the treasurer office for th financing scr over now to lori dunn. i didn't google you before hand. [applause] aur] >> good morning. my name is lori dunn the vice

president division manager for swinergon in the bay area. this has been an amazing journey. we feel fortute to deliver over 200 units to downtown san francisco. and we really appreciate the opportunity to n on construct a building,s but to also be giving back the community. we know how important this project to tndc, and to mayor breed and we consider ry been a partner. we see this project as a very successful project with , curtis development, perry architects and all our subcontractor trade partners. again, thank you for the opportunity. we are so excited to be able to ve this beautiful project. [applause] >> hi, everyone. liz from bank america so

honored to be here today and without fail, no matter how sun always comes out for these amazing opportunities. bank of america founded in the great city of san francisco in 1904 and our purpose is to help financial lives better. wree do by supporting the building of coand creating economic opportunity for livable neighborhoods just as wehere to new building. last year ou banking group across the united states creating housing units an thousand ds created over 13 units of affordable housing and homes families, seniors veteran formally homeless and those with special lf bank of america is proud to be a partnership with

curtis development, mayor office and city and county of san francisco and cal hfa. i will thank all the same people the mayor leoffice, cal, tndc, kurting development and bank of amic ny of whom were able to join me today. thank you all. [applause] >> it sounds we are still waiting for the mayor to arrive and luckily, i have en anning to talk to you about very important state and local measures that [lghte as we all know, it is critically importt ue both local investment and state investment fohousing like 921 howards. while we have a here, thank you irwin, we want to express how grateful we are tol putting prop 5 on e ballot.

prop 5 for those wknow and hopefully learning more up to november 5 will lowering the voter threshold for local bonds for things like affordable housing and infrastructure like schools, parks, open space, public health brand public transit. the state has been doing its part to make it much sier for localities to raise funds to support affordable housing so please do your part and vote foprop 5 on november 5. this along with previous stng ■z legislation that allowed for the creation of regional financing authorities li area housing finance agency, which serves th county bay area, really set the stage for another important measure you will see on the ballot in november known as regional measure 4 and

known by people in our field as the the bay area housing finance agency. this bond will raise $20 billion, billion ars, .4 for the city and county of san francisco. the whole region to vote for this measure, and we need all you to please do your part to speak about this to your friends, family and and are to participate in which ever wayu support the passage of the measure. our ability and city of san francisco as a whole to has and see and develop new affordable housing that's what i got. ■ [laughter] [applause] thank you. we are grateful you ■l here. we hope the mayor has her opportunity to thank you all you have

the opportunity to thank her and we thank you.

again, i will--roxanne to off into the five minutes? oh, okay! what? that's what we hear. the pole toss is coming. will be my--mattan■l■ were talking what he learned and his experiences to posn him to be ready to be a supervisor. i don't know if you want to story, matt? i'll share. i'm just practicing, killing time. matt was sharing if it is okay, spent some time as a city attornrsoand had the fun job addressing the public about the cases the city were not winning. i can apprec ibe a supervisor.

not everyone is always happy thyou all the time and you have to navigate you know, those constituencies. and í%■ei am now public speakin more then i have in the past and learning how to wi i will say one other thing an then i appria the biggest fund razors of had year. we have two big events. it is held september 26. it is an iconic san francisco event. it is real ea fun. it is at the phoenix hotel a lovely ■3 e tenderloin you should support. it has a great cocktail bar and pool to down and been a suppr when hosting this event. they are our neighbor. we developed 555 larkin.

108 homes serving families in the tenderloin and they havebeen a great neighbor and partner to us as we move through the planning and desi■ and then execution that building. we had the privilege en building earlier this year, and and you up to 5 or 6.■ and so rebecca foster who leads the housing accelerator fund and i mentioned her was involved in supporting this project is one of our tossees. yes! tickets and sponsorships are avaible [laughter] yes, there is actually a lot of f from local businesses. much that food acally doinated to us i believe and we have a fun cocktail bar, but dont get drunk on the job. you can check out our website.

tickets are úpavailable now. [laughter] perfecto! do you think she wants to hear spiel? maybe i'll delir walks in. okay. great idea. roxanne will do that. >> a lot of dignitaries are up here talking but i want to recognize ou back here in the back. raise your hands if you at this building and work at tndc. we one of you guys. yes, thank you. [applause you're what makes this happen. after it is built and we you m building success-foot successful so thank you all for coming. jackson is here too?

thank you. shrea. yes. the mayor's here now. i'll stop. >> yes, to echo what roxanne said, the beautiful building what matters in the the people that live in it is the experience every day with ■f propey management and services and pleased to introduce to you, mayor london breed. [applause] >> alright. i made it.■ynever, right? i got to say, to come to events like this, wheer it's ground breakings or ribbon cuttings, what people don't always the hard work that goes into making something like th posle all the various teams and organizations to put the financing together. the hard work that goes into is

a priority and project like this we are very intentional about outreach have access to a beautiful place like it is really very rewarding to walk through these doors, espeally a grsite and swinerton was there with along with other folks. supervisor, i don't think you were there yet. we were mising you though. we were there breing the ground and talking about the significance of what th mean for families and really trying to open uppeline for families who are just a bit above the low income status, but like middle income and we are making tad bit too much to qualify for affordable housing. to have this project go

120 percent ami is truly incredibl one of the biggest projects i ink we ever built from mohcd. thanks to e passing all most a billion dollars in bowe were able to use $39 million dollars and state and other resources. the her person always at me with these various opens and ground baking is liz from bank of americaism thank you so much. [applause] couobeing here, and for your support. but i am also very excited welcoming and finally having someone an african business, a ■■ewoman in particular, sharm

curtis from curtis development because that often doesn't happen with projects like is. it is so meaningful and thank katie and tndc and so the pieces of the puzzle together to truly make this project not only success, but a inspiration for the people we are it is amzing building, a beautiful neighborhood and what we are doing with downtown, bringing more people and families to downtown and making sure that th 'aramenities and support and are there is housing security. that's what this that's why i'm so happy to be here adding more housing to we need more and more and more, not only sb423, which will make everything that is following whatever the rules are as of right, so we can get more housing built, but this ati< regional bond, what is it called now? bofa.t?

four. that is even more money, so we can do more we have a number of projects that are waiting in line fothese resources and can you imagine with over 50 s thousand francisco, 50 thousand housing units in that an francisco would do fwr housing affordablet in the city! it would be a game changeer and that is what we are doing with new housing policies and getting to yes and t happen so happy and grateful to be here. thank you to l involved and congratulations to the new families who have a opportunity for a safe affordable place to call home. [applause] >> starting with 5, 3, 2, 1!

[cheers and applause]