my name is craig hemberg with ddt. we're a local real estate investment firm. thank you for the opportunity to speak today regarding the mayor's proposed feasibility analysis and inclusionary housing requirements. during the previous recession our firm purchased several of the market octavia freeway parcels from the city. we then spent the next five years working very closely with the neighborhood and local jurisdictions to design and build multi-family projects and help to sell the vision of the market octavia plan. all of our projects fall in the smaller and moderate scale, 35 to 50 units and for sale condominiums. we included on site inclusionary units in all of our projects and very proud to say that. in preparation for today's hearing i reviewed our performance to better understand how increasing the on site inclusionary component or percentage 25% and the revenues to off set the change. on average our units sold below the current average per unit sale price of 1.1 million dollars. our average unit size was 150 square feet in size. in order to make the sam

my name is craig hemberg with ddt. we're a local real estate investment firm. thank you for the opportunity to speak today regarding the mayor's proposed feasibility analysis and inclusionary housing requirements. during the previous recession our firm purchased several of the market octavia freeway parcels from the city. we then spent the next five years working very closely with the neighborhood and local jurisdictions to design and build multi-family projects and help to sell the vision of the market octavia plan. all of our projects fall in the smaller and moderate scale, 35 to 50 units and for sale condominiums. we included on site inclusionary units in all of our projects and very proud to say that. in preparation for today's hearing i reviewed our performance to better understand how increasing the on site inclusionary component or percentage 25% and the revenues to off set the change. on average our units sold below the current average per unit sale price of 1.1 million dollars. our average unit size was 150 square feet in size. in order to make the sam

my name is craig hemberg with ddt. we're a local real estate investment firm. thank you for the opportunity to speak today regarding the mayor's proposed feasibility analysis and inclusionary housing requirements. during the previous recession our firm purchased several of the market octavia freeway parcels from the city. we then spent the next five years working very closely with the neighborhood and local jurisdictions to design and build multi-family projects and help to sell the vision of the market octavia plan. all of our projects fall in the smaller and moderate scale, 35 to 50 units and for sale condominiums. we included on site inclusionary units in all of our projects and very proud to say that. in preparation for today's hearing i reviewed our performance to better understand how increasing the on site inclusionary component or percentage 25% and the revenues to off set the change. on average our units sold below the current average per unit sale price of 1.1 million dollars. our average unit size was 150 square feet in size. in order to make the sam

my name is craig hemberg with ddt. we're a local real estate investment firm. thank you for the opportunity to speak today regarding the mayor's proposed feasibility analysis and inclusionary housing requirements. during the previous recession our firm purchased several of the market octavia freeway parcels from the city. we then spent the next five years working very closely with the neighborhood and local jurisdictions to design and build multi-family projects and help to sell the vision of the market octavia plan. all of our projects fall in the smaller and moderate scale, 35 to 50 units and for sale condominiums. we included on site inclusionary units in all of our projects and very proud to say that. in preparation for today's hearing i reviewed our performance to better understand how increasing the on site inclusionary component or percentage 25% and the revenues to off set the change. on average our units sold below the current average per unit sale price of 1.1 million dollars. our average unit size was 150 square feet in size. in order to make the sam

my name is craig hemberg with ddt. we're a local real estate investment firm. thank you for the opportunity to speak today regarding the mayor's proposed feasibility analysis and inclusionary housing requirements. during the previous recession our firm purchased several of the market octavia freeway parcels from the city. we then spent the next five years working very closely with the neighborhood and local jurisdictions to design and build multi-family projects and help to sell the vision of the market octavia plan. all of our projects fall in the smaller and moderate scale, 35 to 50 units and for sale condominiums. we included on site inclusionary units in all of our projects and very proud to say that. in preparation for today's hearing i reviewed our performance to better understand how increasing the on site inclusionary component or percentage 25% and the revenues to off set the change. on average our units sold below the current average per unit sale price of 1.1 million dollars. our average unit size was 150 square feet in size. in order to make the sam