my name is michael chen. i'm a resident in san francisco. i'm here to speak in favor of the project sponsors, todd mavis and kevin chang, and i'm

my name is michael chen. i'm a resident in san francisco. i'm here to speak in favor of the project sponsors, todd mavis and kevin chang, and i'm also here on behalf of yimby action, a housing advocacy group in san francisco. as someone who's relatively new to san francisco and one thing who's younger, one thing i hear from myself and a lot of my friends, we have a lot of anxiety about our housing. i talk to a lot of people, and i feel like everybody here has a housing story. if you bought recently or you say oh, yeah, i got out bid by all cash deals, 90%, because i had this great story and i was able to connect to the previous seller. i had people who say oh, yeah, i'm going to get an eviction, owner moving in, or new construction, and the owner might hike my rent up by 10%. i know about owners that talk about the sacrifices that they make. it's a one bedroom that they flux into a three bedroom so they can stay in san francisco, and even that might not be enough. san francisco is losing rent control units, they awe're los families. i know a

my name is michael chen. i'm a resident in san francisco. i'm here to speak in favor

so joining me today on the left is joe chen from dpw and then terry from zuckerberg and then on the right associate vice chancellor, michael2 million. this slide just shows you the break down of the actual authorization coming to dph. then on this slide we are tracking expenditures and -- we are showing 23% expended. in march we had about 19%. we are not spending as fast as we originally projected and primarily that's the result of having -- instead of -- like when we did the rebuild we had a very large project that had large costs attached to it. in this bond we have several hundred small and enabling projects that have small numbers attached to it. a lot of those projects aren't in construction so you're not seeing as high expenditures until the next maybe two quarters you're going to see a jump up in that. now this is a break down just looking at building five, which is the $222 million of the $272 million. so we are about 10.5% expended. then the next slide shows the community centers, which is the balance of the $272. they are spending around 11.4. i'm going to turn this over to terry and he can go over the accomplish