we have carolyn mccormick from mlhcd here. >> good morning, committee members. i'm a project manager with the mayor's office of housing, community and development. i'm here to present on the proposed bond issuance for yosemite apartments. the purpose of the resolution is to approve the hearing the city conducted on july 11, 2019 in order to comply with the federal tax equity and financial responsibility act or tefra for yosemite apartments and to ratify and approve several other actions necessary later to make the bond issuance possible, including the submittal of applications to the california debt limit allocation committee to secure an allocation of bonds. the proposed bond issuance will be conduit financing and will not require the city to pledge any of its funds to the payment of bonds. project description -- the yosemite apartments consist of the rehabilitation of an existing building located at 480eddy street in the tenderloin. the units in the project total 32 studios and one one-bedroom. 100% of the units will be affordable to households earning a range