from establishing homeownership stabilization authority, we actually have an establishment of joint powers authority, we have [speaker not understood] homeowner stabilization authority, and other approaches he to assist homeowners with troubled mortgages. so, we're moving from actually negotiating an actual jopa to looking into establishing a jpa ~. and i do want to emphasize that we've worked closely with ace, the alliance of california communities for empowerment on this approach overall and they are okay with these changes that we are proposing and i wouldn't actually make these amendments without their understanding and recognition. so, then, we're moving into the resolution as is described in the bold language, resolution urging that a study of a potential joint powers agreement with the city of richmond to establish a homeownership stabilization authority as well as other possible approaches to assist homeowners with troubled mortgages. so, now we're moving away from this shall be done by the controller or the mayor's office of housing, but that we will look into [speaker not underst

authorizing negotiation of a joint power agreement with the city of richmond to establish a homeownership stabilization authority to assist homeowners with troubled mortgages. ~ stabilization authority. >> so, colleague, at this time do we need to go into closed session? supervisor avalos. >> thank you. i've actually hoping that we don't have to go into closed session and through some discussion that we had here on the board of supervisors, i think there might be a pathway to resolution that could be supported by everyone. i really hope that could be the case. i still think it helps to move the city forward on an issue that's affecting a lot of middle class, working class households that are struggling with their mortgages even in our economic boom that we're experiencing here in san francisco today. colleagues, for many years i have been talking about the need to support household that are struggling with mortgages, a lot of household that are under water, a lot of household that have mortgages that are not ideal in order to maintain your wealth. some of them are based on predatory practices, some of them are h

subsequent item, item 31, a joint powers agreement with the city of richmond to establish a homeownership stabilization authority to assist homeowners with troubled mortgages in which the city is a potential defendant with california government code 54 the [speaker not understood] and san francisco administrative code section 67.10 d.2. >> supervisor avalos? >> thank you. colleagues, there are still some moving parts on this resolution and i want to do a couple things here today. i want to add some amendments for a amendment of the whole that i'm submitting, and i'll share that out, but since we're not going to be voting on it today i'm going to continue it for a week, one week. i also have been talking for many years with the mayor's office of housing around creating homeowner stabilization programs that will meet the needs of people who mostly live in single-family homes. i had originally added language to prop c, the housing trust fund, that was called the homeowner stabilization fund. and my bad at the last minute, it what changed to the housing stabilization fund. and that part of the housing trust fund was

study of a potential joint powers agreement with the city of richmond to establish a homeownership stabilization authority as well as other possible approaches to assist homeowners with troubled mortgages. so, now we're moving away from this shall be done by the controller or the mayor's office of housing, but that we will look into [speaker not understood] that they study the issue for potential joint powers authority. of course, i want there to be a study in earnest and i want there to be actual work in addressing whether this is a real thing with the controller's office analysis, [speaker not understood] make happen. so, i'm hoping that the controller can oblige all of us if we vote on this resolution. then in the amendment of the whole you have before us, i'd like to make an amendment to this because i found we were rushing this together, on page 2 lines 18 through 22, and i want to thank supervisor norman yee for pointing this out to me. we have language that's duplicated elsewhere in the resolution. i would like to take out that section, to delete that section, lines 18 through 22 as part of page 2.

authorizing negotiation of a joint powers agreement with the city of richmond to establish a homeownership stabilization authority to assist homeowners with troubled mortgages. >> thank you, this resolution what is sponsored by avalos, so we will turn it to him. >> thank you, chair farrell and thank you for allowing this item to go first and i appreciate that and this is a resolution to start a joint powers authority that will establish a home ownership stabilization authority, this would the joint gpa, would be with the city of oakland, and after my xhepts i will be inviting the mayor of oakland, i am sorry, the mayor of richmond, excuse me, very much. we will start at gpa with the city of richmond, california, and we have here, the mayor of richmond, california, mayor gale mcclauclin and she will be presenting what they have done in richmond to get the program going as far as they have goten it up to the gpa and she has been working for a number of years for this program and we are looking at a gpa as the action that was enabled for these things to start implementing this great stool that could be available for