i'm available to answer any questions as well as kate hartley and robin i believe the project sponsors also here for any questions. >> okay. thank you. >> thank you. >> project sponsor please. >> good afternoon commissioners displacing with reuben, junius & rose ocean wide center we've presented this project several times most recently you may 5 particularly hearing not prepared for today but on the specific matters before you when the prong was approved last month we told you about the package of community benefits comprised of voluntary contributions and impact fees briefly the overall public benefits are substantial and significantly advances the transit center for the public improvements i'm not going to mention each and everyone one that generates one hundred and 17 wanted $6 million in impact fees and 6 hundred plus in special takes for community facilities over thirty years and 28 plus in the general fund those are the required funds on top of ocean wide will create open space in chinatown administrative code by a community another piece of the benefits page addressed this the

>> good afternoon kate hartley from the mayor's office of housing. we support this ballot measure and the seismic safety program with respect in respect to the affordable housing component and offers an interest rate which is a third of the cost to the city so for us it's fantastic. we've had great success over the last year with the small [inaudible] program and see the low interest low cost funding as something that will allow us to continue on to expand the program and to bring even more resources. last year we closed on 54 units on the small sites program and have another 58 in contract and another 70 on deck in the under writing process so there's actually a lot of activity and with that lower interest rate we will be able to replace the conventional debt financing that we use right now at 5.5 percent and provide loans at a point or one and a quarter or one and a half percent so we think it's really great, and given the amount of money available the pipeline that we have we would also ask the board of supervisors' consideration to help us proper

commissioners department staff i'm joined by deputy kate hartley in the mayor's office of economic workforce development and from the mayor's office of economic workforce development there also a couple of community members rick hall and peter and from meta that will be engaging in map 2020. >> this is the orders of presentation last time i focused on the trends the objectives and is process today, you'll get an update on the solution and then i'm going to turn it over to to talk about my colleague to talk about the monitors of the plan and go over the next steps before we go into the updates i that would be helpful to be a sure understanding the challenge the change is not - is in the neighborhood is not a natural demographic change we should accept the data of the latinos and protecting to moderate is indicative it causes the red lynn and quality even if households moves are due to other households decisions bans the data is a change that is disruptive forceful and reluctance in class tensions what is referred as the double insult that networks in the 1950s and san jose and the forces of g

mayor's office of housing to go over this information with us. >> good afternoon, supervisors kate hartley mayor's office of housing you see before you a chart this shows the current zoning and approximate number of additional units that could be yielded with a density bonus program we talked about last week numbers that would be finally determined if we have descended bonus tool in the outreach that the mayor's office of housing always requires for partners with the community with shareholders to make sure that the buildings that we finance are sponsored are done in a collaborative way that reflect the context and the neighborhood character and also meets the needs of low income people that spelling need affordable housing we strive to highest would the between building as many units as we possibly can and building high quality buildings with great architecture design so the units that you see - the building before you are immediate projects in the pipeline are the density bonus program they'll yield 200 additional units those are two hundreds spelling needed units and on a project by pro

mayor's office of housing to go over this information with us. >> good afternoon, supervisors kate hartley mayor's office of housing you see before you a chart this shows the current zoning and approximate number of additional units that could be yielded with a density bonus program we talked about last week numbers that would be finally determined if we have descended bonus tool in the outreach that the mayor's office of housing always requires for partners with the community with shareholders to make sure that the buildings that we finance are sponsored are done in a collaborative way that reflect the context and the neighborhood character and also meets the needs of low income people that spelling need affordable housing we strive to highest would the between building as many units as we possibly can and building high quality buildings with great architecture design so the units that you see - the building before you are immediate projects in the pipeline are the density bonus program they'll yield 200 additional units those are two hundreds spelling needed units and on a project by pro

mayor's office of housing to go over this information with us. >> good afternoon, supervisors kate hartley mayor's office of housing you see before you a chart this shows the current zoning and approximate number of additional units that could be yielded with a density bonus program we talked about last week numbers that would be finally determined if we have descended bonus tool in the outreach that the mayor's office of housing always requires for partners with the community with shareholders to make sure that the buildings that we finance are sponsored are done in a collaborative way that reflect the context and the neighborhood character and also meets the needs of low income people that spelling need affordable housing we strive to highest would the between building as many units as we possibly can and building high quality buildings with great architecture design so the units that you see - the building before you are immediate projects in the pipeline are the density bonus program they'll yield 200 additional units those are two hundreds spelling needed units and on a project by pro

good evening kate hartley cpr with the mayor's office of housing and community development i'll be brief mayor's office of housing does accept the plan in conformation with section 419 of the code we are pleased to accept if it that that and she does the owned or omitted by over 2 and a half times and exceeds the in lui payment by the value of the lands dedication exceeds the onsite payment by over one and a half times it requires the project is shovel ready an additional benefit it will be delivered ready to go and clear of environmental hazards this is a difficult we're in agreement the mission needs more affordable housing now this project does provide a significance number of affordable housing units which the communities and the city needs mohcd were to go out and buy a operational and develop the same units they'll be half because of the lands being expensive we're providing the financial for the critical without taking on the acquisition costs and excited about the potential for the arts programming and will side as our custom a request for proposal for a cbo verbatim who can do t

commissioners kate hartley mayor's office of housing we analyzed this similarly to the way we have analyzed other land dedications and this is we ask whether this opportunity provide the chance to build more affordable housing that our city really needs in this case the answer is yes rather than 36 onsite we have the opportunity to build 85 affordable units for very low and extremely low income housing in the i wanted to that is destressed we're ready and able to accept this and have 5. $5 million immediately available our budget is committed so we can't consensus construction immediately but seek to consensus construction as soon as possible and if able to secure keep that in mind funds from the state that will accelerate the state go out with a competitive proposal for a team on board and analysis the site and do the community outreach and then get the building built as quickly as we can so that really is the conclusion of any presentation i'll be happy to answer any questions you may have. >> thank you now questions fellow commissioners commissioner moore. >> ms. hartley shed some light

mayor's office of housing to go over this information with us. >> good afternoon, supervisors kate hartley mayor's office of housing you see before you a chart this shows the current zoning and approximate number of additional units that could be yielded with a density bonus program we talked about last week numbers that would be finally determined if we have descended bonus tool in the outreach that the mayor's office of housing always requires for partners with the community with shareholders to make sure that the buildings that we finance are sponsored are done in a collaborative way that reflect the context and the neighborhood character and also meets the needs of low income people that spelling need affordable housing we strive to highest would the between building as many units as we possibly can and building high quality buildings with great architecture design so the units that you see - the building before you are immediate projects in the pipeline are the density bonus program they'll yield 200 additional units those are two hundreds spelling needed units and on a project by pro

>> good afternoon kate hartley from the mayor's office of housing.asure and the seismic safety program with respect in respect to the affordable housing component and offers an interest rate which is a third of the cost to the city so for us it's fantastic. we've had great success over the last year with the small [inaudible] program and see the low interest low cost funding as something that will allow us to continue on to expand the program and to bring even more resources. last year we closed on 54 units on the small sites program and have another 58 in contract and another 70 on deck in the under writing process so there's actually a lot of activity and with that lower interest rate we will be able to replace the conventional debt financing that we use right now at 5.5 percent and provide loans at a point or one and a quarter or one and a half percent so we think it's really great, and given the amount of money available the pipeline that we have we would also ask the board of supervisors' consideration to help us properly staff this with another

. >> good evening kate hartley mayor's office of housing we had a small inclusionary go option when we were looking at not wholesaler. >> multiplied changes to the inclusionary program before prop c we were working with the smaller builders to do exactly what you've suggested now we have a whole new ball game with the inclusionary but something we support and we think that a great idea stay tuned. >> it's a great idea we should move to implement we see the projects not great for inclusionary and need those fees to build inclusionary housing but the small program to get things online quicker and helps to prevent displacement your buying where people live now. >> if i could i want to update our small sites program is active right now i signed off on a new acquisition by meta and multiple buildings in the pipeline something we've talking about talked about the accelerator fund it underway and hope to launch this summer and that's something we think that p will get more money for the bigger buildings not small sized by small medium and large sized. >> great funding affordable housing you k