ashley lyon, michelle, denise, terry, linda, darren bridges, joanne, mark brian, lorenzo, cizi, karen fishkinbryce, david feather stone, andy, lisa garcÍa. go ahead. >> thank you. good afternoon. my name is steve wu. i'm representing tenderloin neighborhood development corporation. and we are also a member of the council for community housing organizations. we've taken a position opposed to the legislation primarily because we see t.i.c.s as cannibalizing the existing rental housing stock. our rental housing stock is critical to preserve in maintaining the affordability in san francisco's housing. we believe that, furthermore, that the uncapping the conversion condo conversion cap will further incentivize more t.i.c.s forming from our existing rental housing stock, thus leading to -- exacerbating the affordability problem in san francisco. furthermore, the the fee, we have questions about the fee, for bypassing the conversion lottery. it's set as high as 20,000 but as low as 4,000. this is substantially lower than the in lieu fee that the mayor's office of housing has set forth of constructio