nob naib and achieving our goal of 33 percent affordable housing and 50 percent including middle class housing mandated by proposition k last november. the balt measure is adding a tool in the tool box to address the cities wereening housing crisis. the ordinance written in 2002 and a-minded in 2006 nive, while many intentions in the ordinance was good, tej years later there limitations in the ordinance that presented the city from fulfilling the intention. in 2015 it is apparent we have a limited number of land suitable for housing development. land in san francisco is most pressure commodity and the single most expensive line item in any development project in san francisco. more thoon labor construction and material cost. in conversation with city policy makers a comment that comes up is, i wish we bought that apartment building, that office building or bought the land parcel to build housing during the recession. the city ouns land and one of the most affordable and easiest ways to increase production of affordable housing is building on our lands where we have site control. this m