unpaid volunteers noóç plperiences in ÷3■m helping people resolve y differences in e manner. mediation is eater ary, there is a chance of parties want agreeable fashion. for mediation. ■tcases can di to those involvingcocts and t ■2 (indiscernle at concludes e housing authorit board specials 11. . 15 p.m. we'llikes. >> commissioner kim is en prese.

commissioner o. >> present. and president torres. >> present. >>u. item 3 the ramaytush ohlone community. [ramaytushon acknowledgment]

item 4 is the president's report. >> thank you we had a wonderful n with the plaza■e■ east s supportg plaza weekend that■c resident council.ensure there w festivities. >> recording in progress. >> weadli plaza east block party celebration this tookces weekend. with great leadershipw and support from council, property management with the john stewart ree, a of the attendees who benefited from the bbq. great horse and pony rides for kids and jumping house. it w and another signal of the investmente are

pay to plaza east in community services and in operational investments we have been discussing for the past couple moitinths. issue of i want to is on -- july 18thr breed together lead agency forffordable housing development and investment of andommity development, ann■íounced that w will be tping into the f cloth program madbl by help sup united supported with subsidizusing topreserve, sustain and support new constructed development it is. sk e mayor's office■v■ of house to join us at the next m. and talk about the leadership rolere playing in alining all the■x resources that can brg to bear further impacts and benefits to the affordable portfolio that exist that which

we seek to create. that will an opportunity to learn more about the role the subsidy levels pde throughout housing affordable hg goals andstan the-c leadership council createed help think of new ideas, newstrategi in san francisco. we look to hearing that presentation next month in august. and with that know questions fo around tty levels. that we want to investigate as an authority. th a which we want to see that capacity increased with support the stabilization of to those conversations. commissioners, i will take it . thank you. >> thank you, president. i gen

comment. discus commission tba or staff. business. it is not appropriate commissioner to debate o issues not set in a public noticed agenda. andfou have questions■h bring a matter to attention e to sfha public t. t on line that would like to give general public comment? i don't handses. close comment. item 6 representative report for council. senior disabled or the public caution tenant association. anyone from ccfc tike to present to the board today? n't see any.

open public comme item public comment is closed on 6 and item with the chief executive officer's report. we have c■kolleagues from first pick inc. who will present to >> so, i believe the ceo wto b. >> sounds good. >> good morning. i'm tonya liju i'm the of ty of san francisco. choosing t

and face the board this morning as we talk about the transformation of the housing authority and where we have been and where we are going. >> talk about the progress that has been made toward accomplishing the transification, restructuring and theransformation of our 2017, my roley ditor in the coroassessment of the financial structure. management, cont sts and staffie recommendations for correction . in thereafter the u.s. dartmen of husbanding and urban development quality assurancected financial management review and managent operation's review.

the 2019 report in issuance of hud's 7, 2019 finding the authority breech of con■btracts with hud r section 8 and pub programs along with the fact the housing authority fall. >> and so -- a■ñ city employee help the large are goals of the city as it relates to housing, we were in an mou and determining how we could cure r the authority. and -- what the city had agreed to to become an over site an that the mou would also help with provide needed resource as went forward in the

transformation work. >> so, wha w began to do is actions that were identified in the hud 2019qud report. and i like to largely actually resolved the more long are term that we are to the full transformation hous. the housingity has been received technical assistance from hud are here today. tohority in the ability to reach the completion he transformation of the restructuring of all of our assets. reaegz the goal of the housing authority become an as versus one who is respsible

management. so we conue downt roads. and the city full filled the assumptions of the authority's financial functions of the program and the pli housing program by appointing me as the transition team lead later as the coe of the authority. and as city employee, it is really ese i'm wearing two hat its has been privilege of helping the cityd7 reaze the larger goals of the affordable housing side at thetime,■[ working diligently eachith the authority and a our staff and contractors to ensure we fulfill the roles and rns mandated by our fundser, and as we continue to move forward i this work one of the great things the city did when i

came on, we had a transition team. part of that transition team brought financial resource, meaning individualings whop ten financial statements understanding financial transactions and the work need in theol in our system so that we could be stable as housing on. and as you know, ourfofore the times aroundheiffent controls that have been put in place. we have seen the val work. by where the■, housing authorit sits today in its ability to underst ist any given me from a financial perspective. >> one of the things that as we have done all of this work and when we r there are growing, transition,

transformation pains we have ri. our strides continue to be strong and moving forward in this work.sotme things i would volume of financial n increase transactions. required close out of housing asset manager programs and city grants used to complete the rehab of 650 units. costing 16 result in the unsuburban volume sand close out f fiscal twoochl then the min of 90 staff during fiscal 22. which have a direct impact on the finance de ability to complete the financial closing entries yea

reconciliations and add financial transaction in our fiscal year 12 pandemic impacts. em an impact on the authority and the entire in 2021-22. during this period, the ówauthority with other departments provided services to our under servedn san francisco. that enhanced safety, foqqrnet . which placed stress on the resources and operaons of th thbecause we were doing all of this work to ensure our residents along with all residents in thes city and county of san francisco were able during unstable time. the pandemic.

>> neighborhood the emergency housing voucher program where the harris/biden administration provide emergency housing vouchers to all housing authorities across the nation to help during the abilities that indivi remain houses. individualsotential 32 kenot have a place to sere able to utilize some vouchersch so, we addressed individual lean unhoused collaboration with continuium care in the homeless department by hud added extra responsibilities when we were stretched with resource. so. as it to our work and the increase the upon

increase in min rans■ from our external financial consultant. authority's finance t worked ■2 complete the financial closg processes. and provide an financial imcted.e to odds w s and this work that i speake=s submitting nn our financial schedule system no differt than what wo 70% really stretched usat our c? was. with ates and unforeseeable circumstances and ambitious housing conversion si sdpael potrero and transitioning to a new role asmanagers a also

resources in the form of the layoff of authority, staff to transition the adm■ginistration the programs to the third party contractors; ahi me. een growing pains as we move forward to coet agency. with that said, i likes■4 affec assessment prosecute of the orit for fiscal year 22.e public housing assessment system which is hud scoring system u they use it for the annual public housing authority'she na. the scores public housing assessment system,s. one is physical.

magement operations and the capitol fund program. and includes 3designations. high points and above am standard performer, between 60 andoints ands points. designation is done on the public housing on may 17th,2024, hud sent authority notice that it scored 55 points on for2022d to the fiscal year des i described severe ash lead to the 19 default and troubled status. in other words, what i'm is that there is no materia■]

impact to the finances of the s no material impact to our residentses that we serve t brought before this board for 2023. we will continue to with our ssuing over a thousand housing choice and issuing over 700 project ■hasvo■#hers. we'll continue that work there is no materiimpact to any of our developers. we will continue our lationships with our developers and continue to receive our subsidy as committed by hud and will pay our subsidies as required by our contracts. so the issues t to the fy22 score andnation is material. and the authority makessteady

progress in conversions from and proactively [inaudbl an ambitiousj7t impactd projecn with the city and we are xat body that work. the large are housing goals and affordable housing goals of the city and county of san francisco for our residents the remains financiallta able to rt in this work as intended. in the may 17th letter. our authority letter and from hud anowledged this its local

office are hud local office does not expect that the operations will be m3impacted. an this is a temporary so for 2023, which will come out inoctober/november in the last quarter of the year, we expect a designation ostdard. hud also concluded the current prosecute jections indicate again that likely to be a standard2023 score and how do we know that i of 70% for officials the transactions exited friday sunnydale and potrero and thethg the pandemic and the many expenditures on that we yo

our norm stabilization with what we consider transactions for ph a size additionally, more important low for our 2023 we have submitte our financial statement by t designated time of june 30. req that conditional■x■ i to say my

goals as the■; ceo is that the housg authority that that this agency has the best housing choice vouuch are progrm in california in the nation. and hud has provide a expertise to do this. by providing t c apts that are working with us today. and we are also moving forward with theu fair class to rad wit the city which is fundsamential and meeting the large are goals of the city. with that, i'm going to introduce our first pic consultant. before i do that, i want to thank you is really important. where i■m came before you a coue mo a regarding plaza east,

which we now have two publi housing developments. east and northbeach. we are doing a significant amount of work in that lo we have beyond the subs■(■@idy, we a■re adding .2 million dollars along with the city to which plaza eastto condition mint forward and stabilizing plazat and then for year 2024, which we theho t ving into, we'll add an additional more than 1 million dollars along with continuing to ensure we pay the insurance exspends tours to used from th dollars. know and as i shared, rocketed

across the naour insurance bill quite he impact on the operations of plaza, the authority is also going continue to pay those bills for w that, as i share i our leasing prs in vouchers for this along with adding another 477 million dollars of subsidy -- project based vouche overnight last 3 years if 2021 including when we'll do in this4

half, we have if we project ths over 20 years for which we --re paying for to for hap contract we have overli years for the last 3 years including what we projected for this year. i say that you will to say that we are healthy. weak our ding designation sxeers move forward and t greatt we aring doing andhe designation is we don't have a material impact. as we had saw i 2019. i'd like to turn overand if alw

and then ask questions of us you might have. thank you. pleasure to be here and the transformation that tonya tal epic. in the world of public housing the reason i say this is th.ause i had [inaudible] to say i started with the department in 1987. in 88 congress issued a reportational commission on distressed public housing watershed moment for the dmpt admitting that our portfolio of

1.2 units a portion was distressed. under maintained. under managed. . something had happen to fix that evolution of the public om 88. that was hope than you are the rpi a hope 6 grant for north beach and and if north beach is an example of a truensformation i went back after impressed by the way this property was managed and kept over the last 25 ye the [inaudi. so, my time atas the hope 6 director and then the deputy assistand secretaher programs be retired. i'm fascinated by what happened

here in san francisco because you havtaken a significant stn trnsform portfolio. we my david and i, have come her t a touch stone to our own careers to see transformation complete. in a way that it was hopefully designedo be done as part of iemember henrys time. me went to the meeting huit to do over againggestion. would samething?

e would use develop and privat. their work that is part of thek tran are in now. and unfortunately mentioned, things that have comeeou; g of now it the transfi

had i were here for two weeks and it will need ptn developers and the city. so, onef the t will help tonya with and the board to talk about how to distribute the strengthen theveys that cause what was■ 20 years ago, public housing is project based section 8. mechanisms for rung the two■■ programs are different. it will require transformation dministrativeects how the housing authority does its job is■i not easy.s are, mo and i had i c help.

so i was voted as one of the 50 mostmp people at hud in the first 50years. only because view we thought outside the box. we gave latitude to housi■ong authority who is had been this this under funds world. for over i got example in my career of successful transformations 12,000 unit in and converted to 14upon,000 units of privately section 8. they transformed the internal low to be play thatew because it will help my own e be

career after35 years with hud. in the history of the public housing begin nothing 19 upon 37 to the this period of history will mara something significa look at the way publicsi evolved this will be a significant mn e history of the@u proam and san francisco will be a positive part of that. iill turn it to dave toyed talk about thedetails. good morning. board president and commissioners. a pleasure to be here. i'm daveecrear■9y for the assessment center. i spent 30 glorious federal

government now retired. 24 years in both public housing. in addition to responses to the disasters. there are some things that g lost ith shuffle. ■emy background is in financial [inaudible]. i am a■tenant. i understand the importance of the prrams. how helps families in times of need. this is critical for me i worked through my careers and asked to come here to work with you. this hsi agency is for a-x%■■/ billion dollarsty.

th like sp500 company this is huge endeavour you manage as a board. the tremendous. something strong workg on your behalf. on behalf hud field th pay and asked you to come in and we near contact with former colleag are here to do. i wantbo a couple

things the very first is this issue with the financial reporting tod.■ ghee all of that 25 ago i thy that is. the way that letter reads you don't see your financial statements in the federal government's requirement. a lateure if you can't do this nothing else matte. that happen in the 2022. not that yid not pass muster because they dom it is the fac t financial wiin 9 months.e not submitted

make s financial statements andy did. submitted the financial statement it is by 6:30. that problem has beenured that failure has been cured you o sh 2024 for the 23 score. i want to read the language. hud said the san francisco office of public hsing not expect that the operations will be imed by the temporary troubledesignation.

indite that likely 23 score.■.■ an keep going here. important to say your development deals and that will scores and sfaft there has been new inspections plazaimproved b funding that you provided to improve the property. from 42 in 2022 to a 59 in23

upper property pagsz. north beach a really nice property. it brings update score above. you are good and that will be 80% o score. rget in terms of assessment. second thing i toimportant. inner conversation for the field fi of concerns i want us to keep an eye of the said the authority in the city invested funds plaza east for maintenance and repair it is theng the authority will in the city need this is should have animpact on the authority inspection

plaza each pas our visit we did an assessment technical assistand needs and came up with a plan. we -- spoke to the contrac there. we did believe something13 site visits. a couple we toured prorty in talked to the housing authoritye le and operation's people. andur there in th to the fiel office one thing they were

sure the sunny valley trsformation gets done. they were approval from the special center, givenermission in providing a of secon 8 vou■0■s pay attention to is the sec report that they did on sunny sxrael potrero they had findings 125 they pulled we have a detailed plan to get thatwith h it is contractors that do that. going back to plaza east.

your repor i don't know if you have it i assume? 23 it is a growing when an auditor tell us it is ihan i things are going this may not continue unless you make changes to the operations of the. property. when i lockedcial statements for plaza east a couple things came out. there is no reserves.in rl esta collect the rent.xpses and save rainy funds for the future there is no rainy fund in plaza east that is a problem. the rent. you get

i made certain this was not a large portion i was you -- making 5.15 an hour at the time with a wife and child. so but you pay what the lovees you make that collection between the two you can make the property work if you mean don't collect part of that the rents from the tenants you start getting in serious trouble. ability to rent and■) enforce the lease is critical to the success of the ■eu'programs. terms of the potential■u0v e fr the board and the in terms

of the enforcement. one of the properties weocked at 1101 connecticut a 3 year old property. now that is a new property. now the housing agency pvides vouchers but not the on site daily operators of e property. after 3 years you start seeing call ithe and beyond i will property. in other words it is -- what will in 7-10 years if you to do what you need to do. so that will bey operational will be critical. to maintain that in any other property you bring the other thing we did sunny va component is the special application center piece was the

expanded program over site. the housing authority has a contractual framework but needsn forhatd]■h oversight. when i tal the agency to qualityality control overnigt venrs tosy putog

going back tthe needs of the ag impacts the financial condition of the properties. it prevents or helps with damage. unit is damagedndre able to enforce the components of the lease, you areble to minimize the . n impact because the less the properties are allowed to lease enforcement the more cherry pick of tenants. if you for e sxaplt 100 proper whernow50 or 60 units you h and they -- toendz pick when they wa than follow the housing authorities so where as say we will not look at credit reports. it is if you are not able

enforce loses they i seen this nationwi just here. they just try to pk and follow your rules. anpact on section 8 score figure you don't collect rent enforce leases [inaudible] will suffer. that's the extent of my comment doctor ledi in case there are e. >> i have one. when you speak about reserves. sudden they y they have don't have reserves, which puts them bad space. why is it due to tenant's all n? how come there is in reserves? destu usually have reserves now you don't have reserves why is

that? not paying rent or -- from when i saw there a lot of uncollected rent. on financials and i■3 you if the property is not maintained if the design of the property is not adequate and in this property, the desigf property is part■y of why you he low access [inaudible] the backyards of the units. there are issues with the plumb property. that nksz your maintenance costs. you have revenues and expense going up those reserves disappear they are >> due to tenance okay.■■8 any additional questions? anything to clarify for anyone. >> what i to being present tod

and proproviding the perspective and national perspective on positioning of the san francisco housing authority. one element that we discussed in our briefings -- as well as around the nature of partnership y. nature of courtination that is necey with the city but with our affordable housing partners.■< when we look at the fofo large, wonderful to hear anything furtherr findings you may share now or the future they can continue to strength thaen partnership with the pviders in terms of payments and system and engage am we have partners. have talked about

in addio the concerns raised as we have had y.ansi the shifting responsibilities among contractors. capacity seeing where we as anho lean in further. the partnership approach and m city approach for uing investment■ñ a help us do so muu mentioned,e. are working on two se to complete for the ion we authority. and as you mentioned it is qte j been pursuing. i'm having to snep morey post default issue.

all the tools relied on as a city and that includes the housing auit partnerships this bear to ensure wek wh e realizis impacts for our individual properties and partners manage them on a daily basis.

from your nodding heads sounds like b reinforcing the aire fighting the direction we need to contin moving in. agai and partnership helpishow to streng partnerships today will be of intests to me and i continue has been coming up in conversations we had as aiss n w we further then it is in ways. plaza east an pl co with the city around only is th us new investment dollars to bear awarded future date for plaza and the city itself with its departments making investments like the one i mentioned the top of the meeting something like building community investing in community support for what is seen a forgotten

neighborod housing site. and our instengz this is in the. this is in the the experience. of tenants at of our is an or you to make sure we can take a leadership to inm city l coordinate nothing is falling through the crac we continue this transition to envisionedes were an island to them the city did it as their responsibility. federal government said this io. you need to take respbi u the h newn will involve

relationships. relationships wdevelopers, tenant. all tse typically had not been part ofworld. but we ush erred in that. the responsibility of aousing authority today in your position is about parer better partners the betteanagement better you will be in the l run. so it important the relationships matter here. the housing authority but i my is important is putting the housing authority as theter remember. the housing authority owns the land. our original hope fraught withcern c housg. our answer to was do a

long-term land lease and take developers use to dot on or redevelopment and lease the■4 >> we talked about this in pursuit rad was leadership the city under ed lee with

strong support to ensure the director of housing at the lee was driving that conversation and we were all coordinat body the rad transformation tha ng supported 3,000 units. and moving in the new partnership. absolutely. it i■s delicate balance and tension held for all of you to direction. i think i believe we are in alignment with t■:ersation in terms where we want to go as a cityfrancisco. and drawing on resources we broing it bear to support the tenants and putting them first diju or commissioners here?commm i want to say, thank you office. to hud. for makeou available. and history and

involve a in the programs has w; been relevant for us. so we can layers of e kw what is a y to be ash tuned concern. you mentiond and whas not a co so we focus on the other issues that we need to tackle. just a big thank u of you making time with us. anything further from you to

close. thank you again. i relish the opportunity to have seasoned, mature, professionals retired and have been the shorty valuable and i look the transformation as designed. many years ago before i came on. i'd ■ like to thank the board again r all the support that you have given me over the last 5 year team. and definitely the work is not times an option. transformation will be that one of those tools our city canseo ensure that individuals have an opportunity to be hsesable. i know how important it is. that is reasons why i upon committed to stay at the set to dot work. i realized how important it is an and i s that. even when the time still rests because transn transformation does not happen over night and there are times

that gets messy. but we doher have the fortitude to walk andeaze the end goal set out in the organization. i want to thank you my staff who is you are mighty. commitey m■ g to the board next month an ask as it relate tos our information of, technology infrastructure. it is tihaucre update so that we don't clash and we can dot w ne. we will be talking about that more in depth. we set aside fundses to do so much staff are getting all the

quotes we need so we w can move forward and we city especial th w wou support. i thank you for yr and i thank you for rwa.n thank you.r> >> thank specialists who joid sdpus ford leases having en rad wasng el t process and investmento ciut i to theproperties. now inh

strong afford okay housing what american kim's arrival. for the record commissioner kim in attendance at 12 p.m. ane next item is 7 the financial report. pren our senior budget analyst. and gof we nd a power point for this.anyou >> good afternoon. commissioners. >> i'm here tohgyl discuss our financials. [inaudible] for the housing authority. today i will cover the 9 m 20.ing june 30. and at this stage my focus will mainly be on the year end forecast column for each

programs. stark with the housing choice a. wases in line. with the budget of we were in 150,000. the reason for that is the. we will [inaudible] from hud. for the [inaudibl discount of the year and those numbers willer you will see now. but it is too hard toorecast that. when we did include in the forecand updated it when it came to this we did the new admin rate that were published a 3% increase. and increased the■ operation tht went from ana % we included in the forecast p.■ up

to 91%. taking that in consideration the yeesh end forecast for fee revenue increased by 600,000. iil to operating expense. on thepe expensefront, as tonya talked about, we have budgeted for the infrastructure upgrade n we have budgeted about upon 1.5million. that allocate across choice

we anticipate that the increase inon will be about 300,000. on to emergency housin voucher. as you see we t same thing■ where we increased the admin 3 rate for leases that went on to the emergencyus. plus increased the forecast we had for t emergency housing vouchers for the remarnof the year. that lead to an increase of about the admin fee subsidy revenue we got from hud.th expe

sly the expense increas in the admin fee revenue. and thosenc in thende revenue. it is a wash. butrhan that, the expenses are in line with what we forecasted. this were approved budget. moving on to the central office call center. the revenue is i talk bodies increase in fee expenses. now capped in the and so that [inaudible] fee revenue. the expense increase by 267,000 th revenue by 267,000.

we have an increasethere. ere is ancillary revenue. on the expense compensation -- will decline. sd increases come tofruition. again, we talked about the infrastructure spend. that anticipateed go what we had budgeted. inudedthforecast. our next slide will cover the hope 6 program. this is the property for plaza rt beach.

again on this front, the subsidie we get from hud is transferred to thero or them to cover the expense. there is an additional 730,000 we them last we're. specific low to coverxpenses that weren apa team. repo them monies c for the insurance costs. so far for q1 and 2 given them r plaza east.or insurance. next i public housing. maine theis set aside to pay off the pension liability and

with draw money as expense in due. we talk about the investment prog to greater detail.■d >> a quick pause what is the outstandingposure we have around the pension payments we make? >> there are two on pensionlia people what we . 30. keep inspect mind we values and have not discusshird degreehe current employees. of righ 234 million. >> ■u next is mod rehab

program. whatou is what you get. sorry. same as the nextmainstream. revenues and expense are very sporadic. >> following that great comment, hi a question for thank you for the presentation and i had a chance, thank you for giving me a copy of talk points i reviewed them. and will inform mor detail bit. so this is aong question. and i'm trying to piece together you talked about increase to the admin f >> correct. >> i understand that there have been significant changes to the h authority overnight last several years,

which is really have been, been necessary and has been a lot of work and part of that and know there and a necessary r staffing. so. there a connection between the addition fee?e ability.■ when we talk about resources to be able to haverst

authority at our polic level? f towards- needed? staffing for instance, people can work hard, really long for of time sustain able to ask f in that manner and so -- there are many ways to address that. there are ways to address tech logically and policy and procedure changes and other will the admin fee go toward that or is thatferenty to build foundationo answer your over al question yes.■u the admin fee that we get which is through t increase we

talked about will cover the expense for each programs. of different programs when we are going to delivere the board in in finance we taking on we lost people in finance reduction and cost am so we looked at stream lini operations. to over come. the deficits. the majority of the and■& tonya speak to. >> thank you. commiser kim for that question. so some of the fees can increas staffing and then some of the fees end up on the

contractor side as well. tell be a■y■ conversio where ar the fgoing? so because some of the fees are contractk.or■[■÷

yes. one of the tasks one of thirst talking about. is having enough staffing adding additional staffing. they were talking about this today without me as we prepa for this meeting. not to give me an additional thing to about that is one to strengthen our to do contract monitoring you are right that is

tht we endover meet as we continue with firstin staff to fective an we■ originally when strengthen our ain't to d.priat >> thank you. just in to making newzozh tong about in if the■í contexthat ap like? where dot make the#z most sense to beallocated.

we delve in okay and i think our last slide is the summary of allrogr. and -- you in mind this slide is misleading because i want t the monies we have areestrted to the programs. can only be spent is in the a ff all. >> this is a finalslide. >> yes >> ju in relationship to vouch aregement and vouch are budget allocations a we have, i some new questions will be based on conversas a funding resource to rad and other developments. when■y and how will we see or he

icu allocations, those availabl with the mayor's office of houst as we get clarity■i on that? it quarter or two? i'm curiousut that. >> so, for [inaudible] t rad it is designated based on discon i is a 10 year pla for e 3667 units what we have been doing on staff a joe does that work, we are and working along with hud in our budgettool. a two year budget tool so we see out two yea what the budget look like and it is an estimation.

we are working with hud the team we work with in projecting out potential low what will our be ? one thing i like it protect is where we have a wait list and people on their for many years. d so we t [inaudible] to rad portfolio and bring those rad rents to a project based voucher rent which is a higherdy and hav kwlar is happening on the th choice to takeó[ your sectio 8 vouch and live in fmarket. we need a balanced with what the mission a

the funds. we will be looking ate do that effectively and efficient low. determine how muchnits hd to potentially are in the pipeline that can be brought on at any given time and able to project out what ds electric like on the fundih$ng what we are that two-year an all understand that -- those additional up bei also upon what hud's budget looks like and the federal budget as well. we have been begin reserves based on a conciliation. i'm sure daved can talk later temperature is a peculiar

lc have a say in that calculation. butn fortunate and we have been coming to you for you the last 3 yeeasing plan and executing on this plan. an update on the investment. thank you forg you to take our excess funds part was to take the come up w strategy how to

cover linocaines z. for the employees and behind th. so we have taken steps. obviously goal get enough to the pension funds liability from the excess s. and again thext know as we been the excess■2 funds, these are objectives. capitol and[inaudible]. we can skip we talked about when we made the victimi would come to you quaer low. to be able to re to youere we s keep nothing mind that idea of investments that dictated by sxhud what we tnd k

obiv preservation. and we had greater by u.s. and to date, if you go to the in capitol reserves of about 5.6 milldoest in and we are getting 5%. some point and on the next slide we tooko ■l housing

reserve. and invested those right. butou know as time come on we a strategy and invest treasuries. i'm not happy with the rate ban. this item 7 che chief communication which was tied with item a. we will the floor is i apologize i answer your

question we bring a presentation around financing part of it with moc hd come if we need do it before we can do th. testimony may not be baked but de ongoing process. >> thatou great. to set the table, in july announcement of the pursuit of [inaudible] subsidies. wouleotfod we are having the op and grounding ourselves in what that looks like. may be wonder have ocd present together with the housing and providing the context a the leadership council sxrmdations.ls so we are thinking through everyment of our partnerships.

>> okay. >> and then as we connue our journey with first pick, i thin will meet with city partners. so -- can continue to refine our processes. things we are working on when weid our last agency wi wait lists for our rad cites like no n really creates a burden in work. keepinit ceatesot of administrative w we realliment to a lean on. we were- combine some

of the wait list but have not been able t do that in entirety. we have to tak theif requirementsr preferences a senior disled siteng wait lists with that population. we are collapse being wait an opportunity individual having

an opportunity to be housed because were not careful in the collapsing of w is work in progress but takes time to get that done that is needed. we consolidate and stream lining more of our work. >> so. that's all iavtoday. >> when do you that's . do you haveor substantive

>> as upon first pick layout a t neral plan and will do more in depth talk plan.hen as we make progress wew unfold. we camefo talked about this portion where we are things this we are doing and so rth and have a dialogue around each the steps. i continue isimportant. and tell also]c help us facilitate, strengthening ourshs well. it is important. >> in with our housing partners and depe come become and that an up.

needs are from our ense of . s one again, our goal is with first pick wking with us■> to haho deeper conversations. wi o devexblopers. and also taking the time to crosswalk i within each program and where are the gaps? where are changes we need to things that alsoñm we are asking the developers can we make aifhere? thato help us be stronger here? as they are asking you t do shifting as well. there are thing in our last cur have agr allow the developers to do self referrals for -- quickly do

■w■. that includes item for the?

close public the commrt. commissioner lindo would you like to report i we held a meet short meeting. did a nances. had one actionwas pulle. of the hap recipients asked to be pulled. so, today and will address it later. thank you for the■

commissioner. public item 9 consent. minutes from the left meeting on june 20th.r com minutes?vh commissioner pikes, consent agenda for minutes. yes. yes. >> thank you. >> yes >> torres tó yes >> item 10. action items we have one today this is item 10,é on the agenda resolution approving and authorizing the ceo in a housing

assistantayment conract with mercy hou view total 13 pecchers and this will be presented by our housing operation's director. >> good afternoon. kendra crawford housing operation's director. at the meeting we did have this come in for with two projects. we have been working with mercy housing and so we have this staff report and resolutio to you later date with the project. so this staff resolution is # ov■s and authorizing the chief executive office a h agreement assistance payment contract with mercy hou a california for star view court for 13 project basedvouchers. star view court is on treasure . and so in collaboration with

mercy housingi[cisco mayor's of development and the san francisco human s the authority identified a potential received and currently rei federal, state or local fding to project based 13 units ahori vouch are plan thise is the family site. the average rent2400 dollars. annually the hap payment for 37 dollars. and this will be a 20 y hap contract. tell pay approximately 7.5 million dollars. so. mercy based vouchers the authorityeeks to approve upon approval from this commsion. any questions? >> commissioners, questionsn

the item? >> nobody >> all right. >> thank you. >> thank you. thank you. open forublic comment, 10a? >> i don't see any. close public comment is a motion d a second. >> commissioner pikes. >> >> commissioner kim >> yes. >> commissioner lindo. >> president soreys. >> tem upon 11 additional comments. i want that we have been notified that the long time executive directorf housing we have been working with doug resigning after 13 years.

item 12 for a >> move to adjourn >> thank you. time it wpis 12. . opinion. >> thank you. ■h>c > dev mission

aiming t train young adults, youth so we can be a wealth and disparity in underserved cohee we are today. my name is leo sosa. i'm the founder and director for devmission. we're sitting inside a computer lab where residentsome and get support when they give help about how to set up a e-mail account. how to order prescriptions online. create a é

we are also now paying attention to provide tech support. we have collaborated with the san francisco mar' and the department of technology to implement a broad band network for the residents so they can have free internet access. we have partnered with echn ogy networks to provide computer classes to the seniors and t residents. so this computer lab becomes a hub forheo learn how to use technology, but adults.he parents and the we have been able to identify a stem date. the is science technology enginin g math. kids should be exposed no matter what type of background or ethnicity or income status. that's where we actually create magic. >> something that the kids are really excitedbo way that we e that is through slime.

and as fun as it is, it's still a chemical reactionou start to understand that with the materials that you need make the slime. >> they love adding their litt. it's just a place for them to experiment and that's really what we want. >> i see. >> really whathe behind that i making something. >> logs, sumo box, art, compu, and really it's just opportunity. >> keeping their attention is like one of the biggest chlea we do have because, you know, they're kids. they always want t something. so wust let them be themse have our set of rules i place that we have that we want them to follow and live and we also have our set of expectations that we want them to achieve. this is like my first yearfial.

and definitely i've had moments where they're not getting something. they don't really understand it and you're trying to just talk to them i way that can make it work teaching them inat the light bulb to go off and i've sn fir-hand and it makes me so happy when it does go off because it's like, i helped them understand this concept. >> i love playing games and i love having fun with myge ballf things that i like. it's really cool. >> they don't give you a lot of p on there, do they? you've got like a little bit left. >> we learn programming toakew. we do and

programming. t we talk to and we press these buttons to it go. on itsn. is to turn it off.andn if you press this twice, it can do any type ofs tric you c and itves. it actually can go like this. >> like, wow, treus absorbing everything. so it definitely is a moment that lovehe realities r, [a about 6.7 african americans tech.

and, of course,hocompies are f. eally hard with them to close that gap and with the san franciscoiors and seniors come to our stem hub and be exposedo all those things. it's a big challenge. >> we have a couple of other providers here on site, but we've just been trying to work together and let the kids move around from each department. some kids are comfortable with want to jump of■jr hunter's po just try to t provide the best opportunity in devmission has provi services on westbrook. they teach you how to code. build their own mini robot to providing access for to partnerships with

adobe and sony and google and twitter. and so devmission has definitely brought acc our families to resources that our residents may or have been able to access in the past. >> the san francisco house development corporation gave us the grant to imple program. it hasn't been easy, but we of the successe ofhose kids thy and continue to grow within an become a very successful citizen. >> so the computer lab, they're doing thebackpacks. you're goio be able■ to do the class. you still want to try? . yeah. go for it. >> we have a young man by name of ivan mello. he came here two and a half years ago to be part of our

tal arts music lab. graduating with all of our music lyrics are clean. he came as aintern, and now he's running the pgram. that j t you, we are only creatings and there's a young man by the name of eduardo ramirez. he tells the barber, what's that flyer? and he it's a program teache you computers and art. andmber the day he walked in there with a baseball cap, full of nice clean hair cut. i want to learn how to use graduated from the program and he wanted to work in i.t.. edrd dreamer. right. so to find him a job in the tech industry was very

challenging, but that didn't stop him. ug t office of economic work force an t i reached out to a few folksknow. to bring him legal status. he ended hishipt post mates and now is at ■he power . what we'veinnovative. helping kdsk-12, youth, famili communities, understand and to e oneunities, understand and to housing community. the w opp would ey lk