stick point i've identified in the lower left the stadium site the focus of today's discussion alice griffith is north of that and the navy land hunters point shipyard to the north of that. so also some phrases i'm going to be using sub phase a reminder to the commission a major is the larger sub areas dlaefltd by the corresponds in the diaphragm and 4 major phases between the project site repealed on each hunters point shipyard and candle stick point and then sub phases are sub areas of the major phases xhierptd of 4 to 6 blocks when the applications are submitted to ocii. and when i wanted to show with this slide hearsay the project that reflects the revised phasing in john january of this year i want to point out you see the stadium site when is the eggshell color in the lower left hand corner it's major phase one and something else that large pink up firefighter north is major phase 4 and again is the direct result that the navy has the land and taking mediation at the sites. so this is the land use pattern for the project you have the yellow and orange for the residential again 10 thousa

efforts to revitalize public housing, both through the hope sf programs like hunters view and alice griffith , et cetera. it will extend the useful life of that housing and bring to that housing stock overall 500 million in rehabilitation, something that the federal government cannot do and is not prepared to do. we will continue to build more permanently affordable housing, whether it's a part of the redevelopment plans of the office of community investment and instrument, or part of parcels provided to us through land dedication and through public sites. >> mr. lee, we won't hold it against you if you use your backup plan. [laughter ] >> okay, i will keep that in mind. we also need to expand the overall stock of housing. and that means both market-rate, as well as affordable housing. and that through this process the mayor has clearly directed city staff, city departments to talk about streamlining and that is why the report was directed primarily at the mayor's office on housing, but also in coordination of the work that the mayor's office on housing does with the department of building i

part of a bond payment and a if i small other items i mentioned housing is big here's a list alice griffith hoping to move forward with the 18 in bond funds and $25 million in developer funds to be committed transbay 3 projects transbay 7, 9 and one and baby boomer 6 east and with the tax increments and the shipyard block 54 a strong housing program reflected on the roster looking at at the property tax it's a sizeable increase we're looking at the $108 million xarnl compared to $689 million we're changing the way we've presenting our debt requests part of the refunding we're looking at our bond indid you form an opinion it turns out our bond indufrnz talk about our debt obligations for the entire year in the past we've tried to split almost $100 million a year to balance it we've tried to have approximately $50 million on each roster committed the property tax first and the bond year starts in november to the end of january property tax is the first, the bond year we want to rehabilitate we've covered the years debt service in this. we probably won't get that much but in terms of the reque

affordable housing and market rate homes and continue with alice griffith and sunnyvale to replace those distressed housing units with mixed use homes in addition to our sustainable editions we're addressing the urban capital needs across the portfolio under a new hud program called rental assistance demonstration we call rad and under rad the city will rehabilitate or preserve some 3 thousand 5 hundred units of important stock and learning the funds to deliver more and by the way, if you've read the paper we're trying to take care of our homeless the veterans yesterday we announced the opening of 250 kearny streets one hundred and 50 unit dedicated to our chronic homeless in the next two years we're going to end chronic homelessness for our veterans how about that for fleet week and doing that with great partnering (clapping) not just the veteran vouchers but having our tech agencies to help fund and provide fortunes for the veterans i've emigrate sf city and airbnb they're coming in and putting in the furniture on kearny street today, i want to focus on two of our major growth areas tr