the ocean view improvementment is an example of that and the circulation study that was presented for review will be integrated with streetscape improvement and traffic calm it and widen the sidewalks and improve the pedestrian crossings in ocean view and that is the typical improvement we see going forward with a capital project. >> thank you. >> in addition to commissioner cohen as well and we had a meeting on chavez and look at that improvement and streetscape and traffic calming and safety and i believe in commissioner mar we're looking to integrate the bike facility and the resurfacing program with the streets bonds so that's are some examples. the second area that we see really somewhat of a need we want to catch up but get ahead of and skip some steps is look at the regional and score system. this refers particularly to the places where the local interfaces with the regional network and obviously more downtown in our new emerging growth areas of mission bay and south of market but it includes all of the different touch points of the regional network and freeway network across t

this program would also include again very important accessibility improvementes on the muni system, we have improved the (inaudible) and we will improve escalators and elevators, etc.. and many of the improvements called out in tep are on travel time production, and we are running at 8 miles per hour today and we would see those implemented as well. and our facilities are in need of desperate repair, as i mentioned earlier, this funding would allow us to start the process of overhauling our facilities. we have a complicated structure of our facilities, because they are so much at capacity of the -- capacity. we need to do it step by step, and this allows us to get moving on that. and then as we look towards the future and understand that the city will continue to grow and change, and that we will continue to see changing travel patterns. this program will allow some funding to start to plan for the new way that the people are moving around the city. we see for example, a lot more people trying to move from the southeast to the southwest of the city. this would allow us to start the

improvemente the today than the ugly number last month. >> how do we know how much is and resulting stabilizationersus continued and sustained growth? >> i think there is a lot of pent-up demand not just for a few months or rebound from the winter, but over the next several years. we had under spending for housing for four straight years. construction levels are way below normal. at some point, we need to see stronger growth and a lot of the buyers that abandoned the market should be coming back. i think there is longer-term pent-up demand should support housing over the next several years. >> it seems the issue is that people are going to be renting. we are seeing a surge in multifamily building versus single-family starts. >> that is one of the problems we have seen with the housing industry, the shift away from home ownership. it is not huge but enough to make a difference. builders are open more apartments. the share of americans who own their own home has gone down. some argue it was artificially high and should not be that high and we are just rebalancing. but you don't get as much bang in