>> i want to welcome ening of 921 howard street. this beautiful building right ■( up here. this is 18 stories hundred percent ■r3-rdable housing. happens to be the tallest affordable housing in san francisco. our tallest building in our portfolio and it is eek building and really appreciate everyone who was involved in the process and all. we will celebrate this accomplishment today, but we can't do this without ackndthe ork and the collaboration from some of our

here.ers this includes sharmain curtis development [applause] the swinerten construction. bank of america. [applause] techs. cal hsa and many others. [applause] itiolly we hold a ribbon cuten ceremony when the building is fully ocwe have 203 families duals who are living in this wonderful building right here. they are close to transportation, shopping, restaurants, and cultural institutions ■ke museums 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 kalamont and sharmain kurting to come up and talk about the story how to this building and

what is special about 921 howard. [applause] >> thank you much roxanne. i'm so pleased to be standing besides sharmain. many may xoe, i worked at tndc a long time and ting the housing development department and this been germinating for a long time, and was my partner in navigating our way forward to get to ple today and i'm so grateful she is our codeveloper on this project. so, little about the story how we got as many know, soma had a lot of market rate development and ar of deeply affordable development, but little to no income development, and the time we were conceiving this development there wasa for more moderate

income housing and 921 howard speaks to tndc ence urting development and commitment providing affordable housing as a broad range of income levels. this unique we serve folks with extremely low income and moderate california orted by the housing finance agency. from the 5m development and e benefits from all of those e outdoor amenities. contributing to a balanced community. we are so grateful to the mayor's development for steadfast support over the years as we pursued plan and assembled financing.we are espe the planning department, including e and doing great things at had state legislature. soma plan, the department helped us to zone this property.

it was zoned to support 175 homes in a 8 story building and today we are delivering 203 homes in first phase and the second phase on the side of the street that howard is scheduled to be developed with another 0 . 921 howard is also one of the most effective affordable housi development s in san francisco. itcost effective design, thank you pe architects and developed total development cost 10 percent then typical affordable housing and this despite the fact it took 10 years to assemb fin part of how we were able to minimize that acquisition carrying cost isphilanthropic tech donor income to housing in soma and he chose to invest through us through the san francisco housing accelerator fund. so lenders that helped along the way, including the using accelerator find

and the very beginning, ente state supported transit oriented housing program. grateful to construction and perm lender to bank of america who made the an taken out and tax cut investment. atcal hsa to support the middle income component and gratef the mayor office of housing community development. with that, i like to introduce sharmain. [applause] >> thank you katie. so, katie gall the facts, which are really good and important facts, espeallthe middle income part of this project, which i'm passionate about personall i will go more philosophical. it haen work with tndc the past decade plus.how many years and to partner with them on

development of this amazing project. particularly grateful to ie and to t don falk who trusted me to lead the charge when was hard to see light at we had a lot of ups and downs and ks, bu we persevered. lord knows we persevered and as th been through it. worth it to get to this moment. we celebrate key mile stones throughout the journey startin with ground breaking where we do the symbolic tuin topping off ceremony to write the name on the beams the top beam and finally the openingism each is opportunity to recognize the small armyofpeople and it is. if you are not in the business it is hard to describe number of folks involved. getting a building built.g all

workers. hundreds, if not over a lot of work.■e. i especially love the granis al about. this is why we dothe work, because there are right now over 200 households e.li folks who may struggled to find affordable housing in san francisco affordable housing in san francisco over the years, and now they are in a safe place have stable affordable housing reallyin purpitutety because that how is the citres the project. each building feels like a miracle, it really does. it is just-the feeling of getting a building built, whether you are mike and swinerten folks or us behind desks and on calls it an amazing feeling of accomplishment to make something where there was nothing. i think usand affordable

housing and sufficient supply of housing is really kind ofthe fundamental issues of our time, and so we lot more miracles like 921 howard want to shout outs 3/ too, i t to say names because i worked trthese folks. an department, without them we wouldn't have [indiscernible] the swinerton team, sarah, austin, samantha, mike, shawn and lovely boss lori who will speak a minute, jaxson and ester who naon the tndc side. r architects, dirk is here, steve is on vacation. amazing archit and highly recommend them and they had a great team of rked to s and consultants who

make this happen. rsson nstruction manager andy isn't here today. bruce and amy are here. they helped so much with permitting and people to work with. and last but not least, people who are not here, fi consultants attorney californi partnership [indiscernible] they are behind the s and unsung heroes of the work of building affordable housing in the bay area. it over to supervisor matt dorsey. j■ [applause] >> thank you so much. it is a honor 6. this is a neighborhood where we are building is really something that is a ucisco will in the years to come and now we have l hook and we made a commitment we ■b 82 thousand units of housing over the next housing element cycle, and this

is an example of the kind of housing we need. it is an honor torupt represent a district 21 century urbanism could be. there is a lot to thank and nt to get in the list and there is one person i want to thank, mayor london breed to the leadership sty. two years ago i joined the board or lile years and elected in the november election but there was a early election of 1 mayor breed inrvo wod be her appointee. i hainions what i wanted to do involving police staffing and sues and i'm out i was a housing nerd and london breed was rough pacing where i stand mebody who what--this is

really sweats the details on housing and cares about it because she wsdifference it can make. always life cycle of prec love to come to these with ground ings.ers and different kin for those who have been with me at ng, i always complain if i don't get a hard hat and shovel and i'm a gay supervisor so i want the construction gear. likething. in terms of the thing we are here to celebrate, i was made. today we are celebrating there then 200 families who lives are improved because of what we are doing. this is probably the most important thing we can celebrate is what we have accomplishing and let's keep doing it. thank you to mayor london breed for her leadership and continued leadership. thank you everybody yoneship on has to do with the financinor that i'm happy to introduce fr cal

hfa, the recent winner of the [indiscernible] sacramento business journal--i was saying earlier, willlook on google and find a obscure thing to say, please welcome, irwin tam. ause] >> wow, that is-thank you so much. i guess i appear on google. [laughter] i am exbere. i am excited to have taken the s on e subway and walked two blocks to get here and stopped for a goes to important housing is and how important is developed closer to public tr amenities we have here. as supervisorsaid, i'm irwin tam, director of financing. the facts. we heard about the philosophy. i guess i can talk about the

numbers. people arabout that. but first of all, cal is the state affordal housing lender and utina hall [indiscernible] cal hfa is delivering housing for low anmoderate income californnsde by working together. when of the organizations we work closely with is the ghousing an development. not only on this project, also work in conjunction with apple and the mayor's the bond recycling program and to date additional $250 million tax exempt h herwise would go unused, accept for this partnership. we arrealpr with the mayor's office of housing commundethis project wasfunded our mixed income programd again, to date, we have delivered over

320million of subsidy funds across the resulted in all most 10 thousand units for low and inco californians and this is a prime example of the inclusive community we are trying to create for again, low and moderate income californians. wou again like to thank the mayor office, tndc, bank of america, state treasurer offii9cefor thi financing scr i like to turn it over now to lori dunn. i didn't google you before hand. [applause] [laughter] >> good morning. my name is lori dunn the president division manager for swinergon baarea. this has been an amazing journey.deliver over 200

units to downtown san francisco. we are a community builder and we re opportunity to not only construct a beautiful building,s but to also be giving back to the community. we know how important is to tndc, and to mayor breed we consider ourselves very lucky to have been a partner. thwe project as a very successful project tndc, curtis development, perry architects and all ourtrade partners. again, thank you for the opportunity. we are be able to deliver this beautiful project. [applause] >> hi, everyone. liz from nk of america so honored to be here today and fail, no matter how chilly it can feel the sun always comes t for these amazing opportunities.

bank of america founded in the and our ris to help make financial lives better. inclusive communities and creating economic opportuwe are seeing here today with this glorious new ding. last year our community development banking invested $7.85 billion across the united statunits and opportunity. these fucreated over 13 thousand units of affordable housing and homes for families, seniors veterans formally homelesd those with special needs. lf bank of america is proud public private partnership with tndc, curtis development, mayor office and tyd county of san francisco and cal hfa.me people we are thanking today.

thmaoffice, cal, tndc, kurting development and america teammates, many of whom were able to join me today. [applause] >> it sounds we are still waiting for the mayor to and luckily, i have been planning to talk to you about very iand local measures that we like you to support. [laughter] as we all know, is critically important to couple both local for stment and affordable housing like íí howards. while we have a state representative here, thank you irwin, we want tow grateful we are to the state, the legislature for on the ballot. for those who don't know and hopefully learning more up tobe

threshold for local bothings like affordable housing and infrastructure like schools, parks, space, public health libraries and public transit. the state has been doin pto make it much easier for localities to raise funds to ort affordable housing so please do rt and vote for prop 5 on november 5. state enabling legislation that allowed for the creation of regional financing authorities like the bay area housing finance age, serves the 9 ■coreally set the stage for another important measure you will see on ballot in november known as regional measure 4 and also known by people in our field as the bofa bond, the bay billion, will raise $20 eé

billion dollars, 2.4 for the city and county of 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 ouis ■ to your friends, family and networks and are to participate in which ver way you can to support the passage of the measure. it is critically important to our ability and city of san fraishole to fund the pipeline has and develop new affordable housing throughout our community. that's wh [laughter] [applause] thank you. we are grateful you 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. again, i will--roxanne to send you o

into the-- five minutes oh, okay! what? that's what we hear. the pole toss is coming. this will be my--matt and i were talking what he learned and his experiences to position him to be ready to i don't know if you want to share your story, matt? [laughter] i'm just practicing, killing time. matt was sit is okay, that he spent some time as a city attorney spokesperson and had the fun public about the cases the city were not winn i can appreciate it. it is a hard job to be a t everyone is always happy with you all the time and you have to you know, all those

constituencies. and i am now public speaking more then i have in the past and learning how to roll with the moment. i will say one then i appreciate-tndc is celebrating one of the biggest fund razors of had ar we have two big events. this is called the pool toss. is september 26. it is an iconic san francisco event. it it is at phnix hotel a lovely institution in the tenderloin you should support. it has a great cocktail bar and and invite friends there when they come to down and supporter hosting this event. they are our neighbor. we are developed 555 larkin. 108 homes serving families in the tenderloin and they have been a great neighbor and partner to us as mplanning and design

and then execution that building. we had the privilege opening that building earlier this year, and the pool toss, we have a web page and you can donate. i think we are up to and so rebecca foster who ads the housing accelerator fund and i suorting this project is one of our tossees. yes! tickets and sponsorships are available. [laughter] a lot of food is actually sinesses. doinated to us i believe and a fun cocktail bar, but just drink one or two. dont get dron you can check out our website. tickets are available now. [laugh

perfecto! do you think she wants hear my bofa spiel? maybe i'll deliver it as she walks in. redo over? okay. great idea. roxanne will do that. >> a lot of us officials dignitaries ize some of our sta that are back here in the back.work at this building and rkru we appreciate each and every one of you k 0o■zyo [applause] you're what makeispe after it is built and we have the ribbon cutting you mathe building success-foot successful so thank you all for coming. jackson is here too? thank you.

yes. i think the mayor's here now. i'll stop. >> yes, toechowhat roxanne said, the development team can build a autiul building what matters in the lives of the people that live in it is the every day with property management and services and pleased to introductoyou, mayor london breed. pl i made it. better late then neveig i got to say, when i am able to co events like this, whether it's ground breakings people don't always s the hard work that goes into maki something like this possible. all the various ms and organizations to put the financing together. the hard work goes into making sure neighborhood preference is a project like this

we are nalabout outreach to insure families struggling the most have access to a beautiful place like this. it is really very rewarding toe after ground t the ribbon-i breaking on the site and lori from swinerton was there th along with other folks. supervisor, i don't think you were there yet. you though. we were there breaking the ground and talking about thsignificance of what this will mean for families and really trying to open up the pipeline for familieo little bit above the low status, but like middle income and we making tad bit too much to qualify for affordable hoproject go up to 120 truly incredible

and really exciting, and this is e of the biggest projects i think we ever built from mohcd.the voters for we sing all were able use $39 mi and state and other resources. the other person always at me with these various openings and ground baking is liz bank of americaism thank you so much. [applause] for being here, and for your continuous support. but i am also very excited about welcoming and ■áfinally having someonan african american led and owed business, a woman particular, sharmain curtis from curtis development because that ofte this.

it is so meaningful and thank katie and tndc and so many who helped put the pieces of the puzzle getruly make this project not only succesbur ■the people we are trying to serve. it is amazing building, a beautiful borhd and what we are doing with downtown, bringing more people and families to downtown and there support and are there is housinrityg that's what this project is about. that's why i'm so happy tobe here adding more housing to our portfolio. we need more and and more, and now with not only sb423, which will make everything that is following whatever e rules are as of righ we can get more housing builbut 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 that are waiting in line for these resources and cau giover 50 thousand units already approved in san francisco, 50 thousand housing units in the san francisco pipeline what that would do fwr housing affordablet in the city! it would be a amchangeer and that is what we are doing with new housing policies and getting to yes and making magic like this project happen thank you to all involved and congratulations to the new li have a opportunity for a affordable place to call home. thank you. [applause] >> starting ■■]with 5, 4, 3, !

[cheers ■

president heldfond you may begin the retirement meeting of augu >> roll call, please. gani? >> present. >> president thomas. >> present. >> president heldfond. >> present. >> driscoll. >> present. >> bridges. >> present. >> thank you, quorum, mr. president. >> thank one for the noise.d if humor about this vocation, need to read what happens to wamo garage right across that alley. i'll let you read it because all the horns went off. >> yeah. >> anyhow, let's