>> we are supportive of the things like mall sites and acquisition program because they help to move the people up this housing ladder. >> we want to make sure that the program is attractive to the property owners and as you heard from the mayor's office and hayward, just recently, the application to this program have been limited and we think that there are a number of things that can be done to improve the program to make them more attractive for the property owners, and first the program is currently under funded and more funding should be to that and we are excited for the housing bond to do that, and second, the income cap is difficult to meet currently and should be expanded to 120 percent of ami for the majority of residents and third tl is a 90 day required escrow program and it is difficult to attract someone to a 90 day escrow. >> sf realtors are prepared to offer multiple services partner with the city to make this program more attractive and including opening up the mls to the mayor's office so that they can find attractive candidates

before they hit the market or just when they hit the market. >> i am hope for any questions. >> i have one, so i understand is it the realtors that have been working with the mayor on the veteran's housing? are there other programs that you have that are attempting to help with the housing especially the affordable housing >> yeah so we have a project called the welcome home project which has been working with the mayor's office and dufty from hope and successful in furnishing and we are successful and proud that have program and i also wanted to mention for a second and i know that she is mention combing the mls listings to find the good candidates. and the association of realtors owns the mls and we are the mls and fill it with data and we are open to partnering up to open up the data and to find the good candidates for this program before they come on to

the market after they come on to the market and before they are in immediate threat of eviction and i think that is really the opportunity window for this program and in addition, i just wanted to add you know our agents, are happy to promote this program to the property owners who are looking to sell their buildings and we want this to be the first process that they look at before they go on to the mark sxet and our agents are happy to promote that. >> that is an interesting point because one of the things that we are trying to figure out is like the folks in the middle are getting priced out and so an invester who is content to be a landlord with modest returns is often having difficulty compete ining a speculative market. and we have not a mechanism to really reach out to those types of investors and to get them engaged in the market when things are so heated so i don't know if you have any suggestions on that store? >> absolutely. i think that it is important to just remember that in private industry you have a trade association of 4200 real estate brokers who talked to the

property owners every day and talk to them about their solutions about though to address their housing needs, or their changing housing climates. and if we want to reach out to investors who are happy to be land lords and mom and pop who are good land lords and happy to have the tenants in the rent crold unit and even if we want to reach out to the property owners who are interested in selling to the city to preserve the tenants and i think that real estate brokers and the san francisco is ready to play that role. we have interactions with property owners every day, before the units go on the market and after, the property owners come to us when they want to know what is the right solution and option going forward. >> i think that we will not dwell on it now but it is also come up with the city employees who are trying to buy houses in the city and i am aware of at least one case where a property owner made an accommodation for a city employ other in order for that person and their family to remain in the city and i think that is something that we have talked a little bit about is that connection

between the people willing to sell and the people who would like to buy and stay in the city. >> absolutely and i think that the bottom line on this is that no, no property owner wants to be in the situation of evicting their tenants. or knowing that they are going to sell to someone who is going to evict the tenants the market does not provide other options than those pathways that exist. we support the city in create ago third option and we think that it is important to be voluntary, and there is no way and no quicker way to build resistance than telling snan they are forced to do something and we want to offer the program as an attractive affordable solution that is looking to sell their property >> good morning, i am the

director of the san francisco (inaudible) and we focus on buying, existing occupied tenants occupied, apartment buildings that are at risk of eviction. and to date we have successfully purchased five buildings in which low income long time tenants were at risk of eviction and we have five more properties in the pipeline and we have been the only non-profit to have been able to implement the small program to date but we do as a community collaborative of the multiple non-profits we have about ten properties in the pipeline we are trying to chair through acquisition and however, some of the challenges we are facing is that first of all, by the time that the ellis act is evoked and noticed on the building it is most likely too late for the community to try to buy back that building.

and however, last year, we were able to buy a building that was actively under the ellis and that was only because the tenants were aware of their rights and they reached out to the non-profit, legal assistance and active groups to put the pressure on the local owner who then agreed to sell the building and therefore, worked with us as a community organization to sell the building. and so, i think that the lesson there, was that information is key. so the sooner that the tenants can receive the information about free services to connect with the legal services the sooner that the community is work together to try to work with the owner to come up with an alternative win/win solution. and for that property. and right now, on the regular market, the market is really and has really sky rocketed since 2014, we are unable to compete on the private market. and we have lost about ten, however i want to emphasize that the information exchange

is so important that i support this resolution, to bring more data afaster to the city agencies and the supervisors so that we all can work together from tenant to community groups to the local supervisors to get more information out. >> so could you mention one instance of where you have been able to purchase a building, can you just give us some top lines and so of the ten units that you mentioned the five done and the five to come generally, what size are they and what sort of circumstances allowed these to proceed. >> although, most of our buildings, well they range from the smallest is four units and the largest is 20 units. those are the ones that are targeted for conversion to common ownership units and so what has worked is when either the owner, is sympathetic to

their own tenants and really don't want to see the tenants be evicted for the tenant and the invest or and if you do read the multiple listing service, comments and you will see a lot of them are marketed as prime to tic unit resale. >> and so that is definitely out there and but if the owner is a local owner and some what educated and has read the news in the last, you know, year, hopefully they are willing to work with us as a community win/win solution that has helped in three of our purchases. also, we%backer currently negotiating with an invest or who has invested in the ellis act business model and because of the success of the non-profit legal services especially in the tender loin housing clinic they are ready to throw in the towel and sell all of the buildings to the community and we are currently in that and highly confidential

and the legal services are working. and it is definitely showing potential speculators that the community has tools to fight back. so, the funding and the information exchange especially being able to get the data from the rent board as to which buildings are receiving, and anything ahead of time, helps all of us work together. to show that this business model is not right for san francisco. >> so the tic that you have been involved in, are those then deed restricted and is there any limitation that retains them as affordable housing? >> when we acquire them, yes, there are 2 d restrictions we as a community land trust, enforce the permanent restriction and also the city funding from the small program that we are now able to use has a lifetime restriction for as long as the property is able to serve tenants. >> thank you, very much.

>> thank you. >> good morning, and i am at co-founder of the tenant's committee and we formed after 22 of us were being evicted from one block of lumbard and subsequently we are running housing clinics every month, in the neighborhood center to inform people of their rights. which as you have heard from the previous testimony iss really important. in order to start the process so that the people maybe will have a chance to go to the small sites and acquisition, or community land trust programs. and which we really support, it is much better to keep the people where they are, homes that are being built, are either not in the pipeline, or they are, it is going to be five years down the road. there is also an issue i

believe with the affordable housing, given how the incomes are skewed because of the rising incomes of so many residents, that the median income is 72,000. and i am a retired state college teacher and my income is $30,000 less than that and so i really could not even pay affordable housing. and in my building we were fortunate we were being evicted by urban green investments and we stuck together and we got to support from ccdc, from the state and from the tender loin housing clinic and the day before we were to be evicted they rescinded their evictions they continue to give us buy outs but we all wanted to stay we are a large building, and a 14 unit building and in october we are bought by real land lords and they are great

people, and they live in the marina and native san francisco and i am a fifth generation myself and so i, i am very happy to see that this resolution and i hope that it goes forward thank you. >> i want to thank you for your efforts in trying to prevent bad things from happening to other people after so much you have been through, and certainly the tour of the neighborhood and pointing out and i just wanted you afforded me an x-ray view into a lot of the buildings in our district and what it occurred in them and i wondered if you could just point out to me, instanceses of why the people had been evict and who they were and i wonder if you could touch briefly on. >> and that was actually my colleague, terisa and the people have said that asked if we are sister, we are not, so she can tell but that. and so if i may i really want to make one comment though in

north beach we are being hit with the short term rentals and it is removing our i know for a fact whole buildings from the rental stock. i turned these guys but this guy was a realtor and did not live in the building and he was, against the law the previous law and the new law and he said that i am not doing it any more and they just took no action and he kept doing it and the vans rolled in and they took the people in and out the shuttles and on and on and planning and he said no we are not doing that, we are just doing, 30 plus, days. well, who knows? you got to have a data. you really do. and i mean i don't know about the rest of the city, but we know that north beach really well. and you got to get a handle on

this. thank you. >> sorry i didn't see you back there. >> yeah, ways not going to be able to come but i am. so yeah, i am from north beach, and so, a few things and then i can talk about -- so, some of the buildings that i had pointed out were buildings where there were 7 units, and then was during the first dot com era, with wd coil with many investors bought up many, many buildings and evicted people and that was just the business model for him but in this particular building on stockton around the corner from me the 7 units there was an elderly woman who lived there who was disable and had the care taker living in the living room of

her home, and she could, however, move out, because there is a bus stop right in front of the building and so she could take that down to safeway, and she could on good days, walk the one and a half blocks to washington square and sit on the benches with the other elders. and so buying the building and i have no idea where this woman is now, probably dead. the other thing is that it became tic's. and talk about permanent residence and neighborses and you know that is not happening but the short term rentals are happening there, at least two of the units are used as short term rentals and that is just one of the 21 buildings in a square block that are short term rentals. and not land lords. ones who own at least 20 buildings, other s eight buildings, and two in north

beach, and so, we wanted the neighborhood and our neighborhoods are being destroyed and i am in the still in the process of eviction and my eviction has been dismissed and then over turned. and so, i looked at my building where i have lived here for 32 years in north beach. i first came to work in a community center there. and i have always been involved in the neighborhood and looking after my elders and we look after the kids at the play grounds. and i depend on my neighbors, and they depend on me. and this is destroying the entire neighborhood, so, having things like the small site the community land trust would be fabulous if you could please talk with my and with the owner of my building she is in laguna beach and that would be great because this is a building that

everyone in the neighborhood knows, and it was owned by the (inaudible) family for many years. and all of the tenants have lived there for many many years. and we are very valuable to the community and so this would be, this would be a great place to save, and well, cared for because i also helped to care for it, yes and my land lady the last five years of her life. and it would be ideal and it would also be a way of keeping our neighborhood intact and this is what i think throughout the city, destruction of the community. when you take these buildings off. furthermore the --. >> i am going to have to cut you off i am afraid. >> and you and i will continue our discussions. >> it was very enlightning speaking with you and again, thank you for the information, that have you brought to our office but let's continue the conversation because i think that is exactly the sort of thing that we are hoping this hearing and some of the other things could cause to happen. >> that would be great. >> thank you.

>> all right, anybody else wish to comment on item 6 or 7. >> seeing none, public comment is now closed. >> supervisor christensen? >> so let's see, we need a motion on item 7 >> so yeah, so we would like to do is entertain that and supervisor mar a motion to send item 6 forward to the board and a final item number seven. >> so moved to move item six with a positive recommendation and to file item 7. >> okay. >> we have a motion by supervisor mar and we can take that without objection. >> thank you very much. >> just to recap, on item 6, the committee is recommending that to the board of supervisors and item 7, the item will be filed and this, and the motions are passed without objection, and with the supervisor tang being absent. >> correct. >> okay, mr. clerk could you

call eight? >> resolution authorizing the may or's office of housing and community development to accept and expend the cal home program grant from the california department of housing and community development to expend the program income from the associated loan repayments to assist low income first time home buyers and low income home owners in the total amount of $925,000 for the period following the approval through september of 24, 2017. >> we have the mayor's office to speak. >> good morning, i am maria benjamin and i am the director of the home ownership and this is an accept and extend request for cal home grant from the tait of california. and that we were successful at receiving for 925,000 dollars. we used this grant and we have

been receiving this grant since 2004. and we have been using this grant to help fund our down payment assistance programs for families under 80 percent, median income and purchasing a bmr, or for our rehab program to help only owners in that same income category to make repairs on their home, with this grant we will be able to provide eleven down payment assistance grants. and i am sorry, loans, and we will be able to rehab six homes, with this 925,000. and we will, and the way that the money is split up is that we will use 650,000 for the mortgage assistance and 265,000 for the rehab. >> okay. >> great >> thank you very much.

>> any questions? >> okay, thanks for bringing this forward, and open this up for public comment, anybody wish to comment on eight. >> seeing none, public comment is closed. >> so i move a positive recommendation of this resolution. >> okay, we have a motion by supervisor mar and take that without objection >> this item is recommended and i would like to note that it was passed without objection with supervisor tang being absent and can you call 9, 10, and item 1 on our 10:05 on the special meeting. yes. item one approving the form of the official statement of preliminary and final form of the continuing disclosure certificate to authority the city official to take the necessary actions in connection with the authorization sales execution and delivery of the refunding certificates of par participating series 2015-r1.

and item number 9 from the ten meeting of the budget and finance subcommittee, approving the form of and authorizing the distribution of the preliminary official statement relating to the execution of the city and county san francisco certificate participation for the war memorial building seismic improvement and item ten, amending, 284-14 to authority the sale of not-to-exceed $24 million aggregate principal amount of city and county of san francisco taxable general obligation bonds series 2014 c. >> you got item one on? >> yes. >> is there. >> okay. >> we have now to say on these items. >> thank you for having me. and the first item that i will talk about is the refunding certificates of participation, and 2014 a.

where we are asking that the board approve the form of the statements and preliminary and final form and to delegate to the controller, the up dates as necessary so that it will be in the final complete form for the distribution the board approved, 206 million of the refund certificates of the participation and in april of 2014, we issued the first refunding of the certificates on it for about 47 million and we had it in the phasing up about 9.8 percent or the 4.8 million and so what you have before you is the second issuance under that authority, for the city office buildings and the 2007 a, and the least acted under that bill and the transaction is 1000 and, one that propose and introduced the documents to the board last year or two weeks ago the market was in our favor and the

savings would have been about 7 million dollars, or for 5 percent, and the market has since moved away from us, and it is gone below 3 percent and so what we are asking is that you allow us to continue the money so that the market and if we are able to achieve the 3 percent savings we will pursue and proceed with the transaction. and what is most importantly i wanted to highlight some of the changes from the official statements in the passed we have seen updated the official statement to include the issuance of bonds. and that were issued in january that relates to the responding bonds that was approved by the board. the up date to the state of california budget and the controller three forties on the six month and the nine month report as well as the 5 year financial plan and the ten year capitol plan and we also have the forms of the official notice, and the notice of intention to sell as well as the continued certificate to buy approving of that

transaction you are allowing us to make the forms to the package and complete and the accurate final forms of distribution to the mocker ket. and next is the certificates of participation for the war memorial veteran's building and the improvements and if you recall that the board approved this item in 2011 and we nr front of you today to again allow us to present the updates to the preliminary official statement that is in the final form that has been included of the other items and updates and the board has approved the items and saying that with in the times of the mayors and the controller's budget report and the five year financial plan and the ten year capitol plan and what we have been doing is we have used the commercial program and we have used approximately 98.5 million, in commercial paper notes and we are almost at 100 million and so we now requesting that the

board approve the statement and those will go down to the commercial paper and funding the remaineding of the project, and of the size of over 25 years, and with also, we are asking that we include the 14.5 million that the board approved in 2014 that assumed the proceeds from the transpired development life that no longer are available or the revenue are not come ining as anticipated (inaudible) and it will not change the impact to the general fund and the analyst that will be see to be approximately $9.4 million over 25 years i have beth here from the war memorial to speak if you have any questions to the project. we are excite and almost there, and we are expecting to get substantial completing in july of 2015. >> the next item is on the

seismic safety program and the board approved in 2014, this is the collaboration with the port and the mayor's office of housing and the developer or the development and this is with regards to the buildings at pier 70 and we initially had assumed that we would be doing a fixed rate bond, but we are now proposing to do a rate and a private placement bond and what that means is that it allows us the flexibility to be able to prepay at any time without the penalty, which is for the arrangement with the port and the developer, by doing and we have negotiated with the bank and sent out the rfp and we awared to the bank and the association and it is a five year direction alpha celebrity that is renewable after five years. and it is price based on --

(inaudible) the (inaudible) plus a spread of 58 (inaudible) and with the current rate, the rate would be less than 1 percent of approximately 76 percentage points, so what you have before you are the forms of the deck declaration of trust and we are here in the audience and ready to answer any specific questions that you have. >> okay. >> thank you. >> appreciate you coming forward with all of these items. >> colleagues, we do not have a budget analyst report on these items. we will open this up to public comment, does anybody wish to comment oit ems 9, 10, or one from the 10:05 special meeting? >> okay. seeing none, public comment is closed. >> so thank you, for bringing these forward. and it is great to have a number of these things refunded and also, the new items forward and look forward to that completing, and for memorial for sure. >> so supervisor mar?

>> yeah, approval of these two items 9 and ten. >> okay. >> and we also have a motion to approve item one from the 10:05. >> yes, and item 1 from the special meeting from 10:05. >> okay. so we have a motion by supervisor mar, and taken without objection. >> and the motion was to recommend the matter to the board of supervisors, and without objection. and i would like to note that supervisor tang is absent at this time. >> yeah. >> could you call item number eleven? >> item eleven, ordinance waving the fee requirement by public works code for temporary street space occupancy permit on certain designated city streets on may 16, 2015, and may 23, as part of the small business week sidewalk sales. >> thank you. colleagues this is an item that i did not sponsor this year but it is something that we do and i would like to welcome the

director of small business in san francisco. >> thank you, and so this is the annual the eleventh annual sidewalk sale that the offices of the small business and the small business commission hosts in support with the board of supervisors and thank you supervisor farrell for sponsoring the legislation this year and we are doing two weekends this year, and due to the timing of the small business week following some of the merchant core doors that want to take advantage of the memorial day weekend. and so, thank you, to the supervisors who so that they would sponsor the two weeks. and so, less than two weekends we have a total of 716 block bases that we are asking a fee waiver for. and totaling, proposed weekends, and 44,536 and we have a total of 18 merchant corridors participate and for the first week on