i am rebecca foster, and i had the honor of being in that inside closed door site on the tac, not really pretty low drama. and i am also the ceo of the housing accelerator fund. those things are really connected. we launched the housing accelerator fund in 2017 as a public-private partnership, really to turbo charge the city and affordable housing developers to be able to preserve more housing more officially and since then, we build millions of dollars for san francisco projects and made over $400 million in investments and supporting those around the city. we love this fund. and we have build more units around the city that help residents stay in their long time homes to amazing beautiful buildings like just down on howard street, the new 200 unit building unit on howard that will welcome 200 families next income to affordable housing in san francisco. clearly, i don't need to tell anyone here that getting affordable housing, getting any housing built in san francisco is complicated. it's hard. it takes a lot of grit, and for us, it's full of way too many negotiations with a lot of cat

i am rebecca foster, and i had the honor of being in that inside closed door site on the tac, not really, it was pretty low drama. and i am also the ceo of the housing accelerator fund. those things are really connected. we launched the housing accelerator fund in 2017 as a public-private partnership, really to turbo charge the city and affordable housing developers to be able to preserve more housing more officially and since then, we build millions of dollars for san francisco projects and made over $400 million in investments and supporting those around the city. we love this fund. and we have build more units around the city that help residents stay in their long time homes to amazing beautiful buildings like just down on howard street, the new 200 unit building unit on howard that will welcome 200 families next income to affordable housing in san francisco. clearly, i don't need to tell anyone here that getting affordable housing, getting any housing built in san francisco is complicated. it's hard. it takes a lot of grit, and for us, it's full of way too many negotiations with a lo

and it is my pleasure to introduce you to rebecca foster, the ceo of the san francisco housing accelerator fund. thank you very much. thanks macy. so i wanted to take us back to july 20th, 20, when everyone here was all hands on deck in response to the pandemic. and that was when, as folks have mentioned, the state issued its first homekey nofa. for $600 million for our cities and nonprofit partners to apply to buy buildings, to provide housing for the most vulnerable residents, at risk of homelessness and experience homelessness. a ton of people here got together and put in an application for this building. that application went in on august 12th and we were waitlisted on october ninth. so yesterday, a few years back, we received the notice that this project was awarded the max amount of funds from homekey $26 million for acquisition and rehab and another $3 million in an operating subsidy. but these are federal funds. and the condition was we had to close by december 2nd to get those funds. so less than 60 days and as you can imagine, this beautiful building which was built in 1912, has

i am rebecca foster, and i had the honor of being in that inside closed door site on the tac, not really, it was pretty low drama. and i am also the ceo of the housing accelerator fund. those things are really connected. we launched the housing accelerator fund in 2017 as a public-private partnership, really to turbo charge the city and affordable housing developers to be able to preserve more housing more officially and since then, we build millions of dollars for san francisco projects and made over $400 million in investments and supporting those around the city. we love this fund. and we have build more units around the city that help residents stay in their long time homes to amazing beautiful buildings like just down on howard street, the new 200 unit building unit on howard that will welcome 200 families next income to affordable housing in san francisco. clearly, i don't need to tell anyone here that getting affordable housing, getting any housing built in san francisco is complicated. it's hard. it takes a lot of grit, and for us, it's full of way too many negotiations with a lo