in my very first board meetings, i held my very first town hall on the eraf budget. i would add our budget process is also a statement of our values. democracy must be one of our core values. that's why i've dedicated my first year in office to strengthening our democracy, fighting political corruption to ensure free and fair elections and now budget reform. democracy does not begin or end at the ballot box but should be part of the processes with which we govern ourselves in every facet of our lives. i look forward to working together to expanding our democratic values through reform. thank you. >> clerk: thank you, supervisor mar. supervisor peskin? >> supervisor peskin: thank you, colleagues. i'm finally excited to introduce the product of a year's worth of work. in 2015, we passed appropriate and reasonable regulations on what are now termed short-term rentals, but these are regulations that are limited to permitted s.t.r. listings which don't address the pro-liferation of 30-day rentals. at the heart of our regulations was a desire to protect rent controlled hou

we've accelerated that timeline working wit chair anwith thechair and the committ, because there is eraf money that has enabled us to accelerate these projects. 4840 and upper yard are two of the highest priorities. so we're ready to go. we're ready to build, and we really appreciate all of the hard work that the mayor's office of housing and their team, and the mayor's budget office, might staff, and everyone has been able to do to get us to this the point. i think the b.l.a. did a good analysis on the project, and i'm hopeful that this committee will support this loan and move this project one step closer to realization. thank you, chair. >> chairwoman: thank you very much. i just want to say congratulations to you, supervisor, i know you've been working on this for years. partly, my pushback was kind of as a jealousy. i would love to see 137 units of affordable housing in our district. and we understand the parking issue. but if this is what we have to do in order to get 100% affordable housing that's badly needed in your working-class neighborhood, then we need to do this. so without