want to preserve in the city of san francisco. i hope to work with your offices and supervisor to ensure that we are not in conflict and we are fighting for a larger piece of the pie and not fighting for the crumbs of the pie. that's not going to work for san francisco. that's not going to make this a better city for our residents. i just want to thank all the folks that came out today. it's been amazing to hear from so many of you and hearing the personal stories in and of itself is not just a statistic. we want to see this in san francisco. i want to thank a lot of folks involved in the drafting for your legislation, south of market community action network and the soma civic

advisory committee. which you >>president david costco and so many advocates. i want to recognize that this legislation came out as one of the top three legislation out of the tennants convention out of the tenderloin elementary school over 700 tennants came out in the pouring rain to fight for this legislation. this is just a piece of this conversation. this is a dialogue about how we are going to create stabilization along with creating tools that hold us accountable to those that we supposedly believe in. i wanted to thank everyone for their work on this and thank you chair yee for chairing a very long rules committee. >> i'm getting used to it.

you know when i was asked to sign as a cosponsor, never did i think that this particular initiative was the answer to every problem that we have on housing. i always felt like this was part of a solution. it was a part of statement, a value that we want to, i want to support to say that we need more affordable housing and that also there has been speakers that have come up and noted that we need funding. was it mr. valentino. that we really need to get behind on measure in the future to help pay for some of the cost that supervisor breed is talking

about. it's one of these issues where you put out a remark for a statement and there is push pack to say well, if you do that, it's going to have an effect and the effect is we are not going to build anymore in san francisco. it's one of these things of where is the scientific proof of that. in san francisco, in my life, because of the value of what you get for new building if these condos being sold in other areas of california, the cost of building them cannot be that expensive if they are selling $150,000 for two bedrooms. the cost of building it cannot be that high. so

people when they said they can't pencil out the amount of money that they need to make from this, and when they are selling $2 million condos, it's hard for me to believe it. i would like to see the math on that. i believe if the developer that doesn't want to , if $2 million profit is not enough, then somebody else will come in. i'm sure that while i will just make a million dollar profit. i'm behind this because i know this is only part of a solution. i want to continue this discussion for the other pieces that we need to deal with affordable housing and i have already expressed my interest that the subset of affordable housing for me doesn't include everybody but what i would like to focus on

is how do we keep our families in san francisco. with that, supervisor breed? >>supervisor london breed: i wanted to add, one concern that i have too that i was hoping we get addressed because we do have lottery system. you don't have to be a san franciscans. you can be anywhere and apply for the affordable housing pool. that's just the reality. i can't say supervisor yee's daughter would be able to move back to san francisco because we introduced this legislation. that is where i'm the most frustrated is, okay, yes. it's great, housing balance, housing initiative, build more, the building more is not putting folks in affordable housing. that's where i think we need to figure out better legislation in order to address that particular issue. i mean, one of the things that i brought

up in the past and looked into the legalities of is a right to return. people that lived and grew up and went to high school in san francisco and really families were forced out of san francisco who now live in antioch and va vallejo and the bay area because they can't afford to live in san francisco. that is a frustration of mine because we have for many years even when we had development in this city, we build large numbers of affordable housing and i guess, where are the guarantees that the folks sleeping on the streets, where are the guarantees the folks graduating from college and where i can look at my community any eye where i

can't help them find a place. where are the guarantees when there aren't any. at the end of the day, we are not going to change anything significantly enough to make a difference in what's happening with our homeless population in san francisco and what's happening with the ability to tell the next generation that they too can stay in san francisco and afford to live here. i just wanted to put that out there because i'm concerned about that which is why i'm looking into preservation. some of the units, public housing units, there is vacate -- vacant units from 5-8 years. the best opportunity to ensure that those who live in the san francisco neighborhood have access to real affordable

housing. i'm not saying this is again, the only solution or either or or what have you. i just want to make a point that this is why preservation of existing affordable housing units is important for me because there should be an opportunity for someone to buy into the co-op. i try to buy in it. how do we help those that are part of san francisco get access to this. this is an important part of what i want to see happen and again, i want to express the importance of preservation which is my focusian as supervisor. >> i would like to work with your office to create some legislations around some of the points that you are making. supervisor kim? >> thank you. i will just say

a couple of things. we've never built enough affordable housing that's why our lottery list is heartbreakingly long. i can't tell you how many lines i have observed and seen so many housing application and seen a thousand people lining up for 40 slots, 80 slots. if we don't build any affordable housing at all, those 80 or 40 units, those families are not getting housed. the answer to guaranteeing more housing is not by stopping to build affordable housing. we have to continue to build but we have to fund the programs that are going to ensure that people are are getting the housing they need and they get the help to fill out those applications. those applications are difficult. we should have one housing application. granted all the

different developments have different income requirements, age requirements, etc, but we should have a common application. we should make it easier for people to apply and more funding organizations to help with housing application. it's amazing when people get affordable housing. it's amazing when a family that have been in a shelter that got housing. it was amazing to me that a young fill ipino mom got housing on 4th street. it was amazing to me, 1005 market, scared every month that his rent is going to increase every month and he's going to end up homeless. he's now in soma. a man who applied to represent district 6 in our citizen's advisory committee,

he's now at eva in a bmr unit. it is true that so many folks don't get in, but there are some that get in. i know people on the street that get into affordable housing. the answer is not to not build affordable housing. that's why we want to set 30 percent. the last thing i want to say, this is not an either or, this is not about housing and building. i never want to fight against rehabbing public housing. that is a really important part of our housing portfolio and we have to get those vacant units. if we make it an either or, it will be an either or. we make choices everyday, every month and we have to make it a choice that

this is a priority. that's why revenue is so important. so thank you again. mr. chair. >> can we have a motion to continue this item to the call of the chair. >> this item is a hearing item. next week we'll be hearing the ordinance that can get amended. >> can we have a motion to continue this item? >> to continue, okay. >> with no objection we'll pass this. thank you to the public that came out for this item. [ applause ] >> just to clarify the motion was to continue to the call of the chair in >> yes. for next meeting. >> item no. 12 a proposal for hearing initiateive ordinance

planning code. hearing held to consider the propose td initiative ordinance -- >> i think we are going to take a two 2-minute break. so

ooifbl -- i believe the clerk has called item no. 12. we have mr. olson lead from the office of housing. >> good evening, my name is

olson lee. a native san franciscans. i have been involved with affordable housing for the past four 4 years in san francisco. with this experience that i can brought to the mayor's office of housing, i have seen sort of the industry of affordable housing grow over that period. what it really takes to build to improve and to maintain affordable housing. so, my presentation will talk a little bit about that context because as one of the earlier commenters said and as you supervisors have talked about, it's about the funding, it's about how we pay for building affordable housing so that we can continue the business or -- work that many of us have devoted our lives to. i

wanted to take the at some point to identify or to clarify the things that the mayor has done on behalf of affordable housing because many of the commenters who came before you expressed the view that this administration doesn't care about affordable housing and two, that hasn't done anything. i want to claire fee -- clarify to the public that the mayor has done a lot more for affordable housing since before he became the mayor of san francisco and prior to becoming a member of the city, he's been involved in the economic justice movement. he previously sued the housing authority for conditions and he's been a great great supporter of

affordable housing. i would like to start my presentation by talking a little bit about what the mayor has done because i think it important because it gives us some context in which to make a decision about how to move forward. so the mayor is most definitely concerned about creating affordable housing and affordable housing for everybody. and so this notion that the mayor doesn't support affordable housing is so far from the truth. i think one of the things and in my career, i was first at the mayor's office of housing and then at the redevelopment agency and back to the mayor's office of housing and as you all know as supervisors, the governor decided to balance the budget on the backs of redevelopment and in some cases redevelopment didn't do the things that we do in san

francisco. now, we heard all the stories about the golf courses, the car dealerships, etc. what this board and what the previous administrations had done in the great compromise was one to allow redevelopment agencies to issue tax increment financing bonds to help complete mosconeey center and in that exchange create taxes for affordable housing and that was supposed to last for a year and we got extended and the financing source for affordable housing throughout the city overall. why is that important? it's not there anymore. during the period

between when the mayor was elected and the supreme court rolled that the legislature within the power for redevelopment agencies. the mayor said you have to fix this. the mayor really went to bat to try to save as much as of our redevelopment activities as possible the commitment to the residents in which those redevelopment neighborhoods are relocated to the affordable housing that are being built in those neighborhoods as well as public facilities. she knows very well that the entrance bay redevelopment project areas, one of the three legacy project areas that the mayor was -- able to say from our

california agency that we needed to save these resources including affordable housing. it's interesting that in our history as a city and we have the requirements of doing affordable housing were set really by state law. and in the state legislation, there was the requirement, the 15 percent affordable and 20 percent of the money going towards affordable housing. the city of san francisco said we are doing that better. within those redevelopment project areas at least the newer ones, that goal in terms of the percentages of the affordable housing from 28-35 percent and one of the key things about that was the question of financing because it did have indeed the tax increment financing in which

the redevelopment agency could spend to support affordable housing. there was always the question of land that was available former public land that was traded in the process to ensure there was on going, there was a higher level of affordable housing. but the one thing that redevelopment also did was also stream line development, to facilitate development so that there were certainty in development and that certainty paid for affordable housing. in many of the cases, it was the market rate, it was the development. the non-affordable housing development that would go first generate the tax increment for which we would later bond and build affordable housing. in light of the fact that redevelopment was going away, we didn't

know the extent to which development was going away and out of that sort of concern about what are we going to do for affordable housing, the idea of the housing trust fund came out. the mayor asked for the big tent, got the big tent and got a lot of support from all walks of life in the city to put on the ballot the housing trust fund. the size of the housing trust fund was sized in part to not have an impact on the general fund. it was reflecting the debt service that was being paid, that was being freed up as redevelopment bonds both housing and non-housing bonds were expiring. so they were trying to minimize the impact on the general fund over all. it was an incredible success. 1.5 billion $1.5 billion over

30 years vment . the only issue between the mayor and all of our needs and wants and desires, it's not enough. but it's something that no other community in california was able to duplicate, has not duplicated to this day and it was a tremendous shot in the arm to continue the work in those redevelopment project areas outside of those redevelopment project areas because we had to pick up, we, the mayor's office of housing orphan redevelopment projects outside of those project areas. this public trust fund made that happen but it was still not enough. we'll talk a little bit more about house the housing trust fund combines with the other financing that is necessary to try to move the city forward and build affordable housing. so, creating the housing trust fund was not enough for the mayor because the mayor once

lived in public housing and as the mayor, he's not going to be satisfied with the condition of public housing. he shares your passion for the public housing. so between, the prior administration that started to help sf but given the trouble status of the housing authority, the mayor had no choice but to end it, not mend it. that's why we are involved in helping the housing authority reposition the housing authority and amend the horrible conditions of that affordable housing. you will see the mayor's seven point plan is not about losing affordable housing and not an allowing affordable housing to deteriorate over time. our work in terms of the residential demonstration project is a pilot of this national program. it's really

a way for the federal governments to try to figure out how do we make public housing better than it was under the federal support because the folks from the dc do not share the passion that the leadership of the board in terms of serving affordable housing so the seven point housing plan will produce 30,000 units over the next 6 years. it does it for a variety of affordability levels to those identified in the earlier slide and for those slightly above that because given the super heated market today, they are still struggling. the goal of

30,000 units provides affordable units for 70 percent of san franciscans today. so the keypoints of the mayor's plan. eviction prevention. as many talked about the experiences either personally with eviction or evictions from acquaintance and the mayor's seven point plan addresses that with additional funding to assist in eviction prevention. preserving an existing affordable units. somebody else mentioned that we should plan for 7 generations. having been around for 24 years in the field of housing, it feels like 7 generations. but it's

about maintaining our affordable housing stock. to your point supervisor breed and i have worked on many of the developments in your district and the need to refinances, refresh them, maintain their affordability. that is something we need to do to maintain that stock of affordable housing because we don't want to lose them to deterioration, we don't want to lose them to financial instability. we need to maintain them over all. we have the down payment system program to help bridge the gap between what people can afford and what is happening in the market. obviously we talked a little bit about this already. this seven point plan includes revitalizing housing and it's important to the mayor and those residents with