quickly, they are the office of economic and workers to relman, treasure island development board, planning, assessor recorder, treasurer, controller, general responsibility, city administrator, dept. technology, human rights, borders supervisors, mayor's office, at the commission, as well as the department of elections. because a number of these departments have a role to play in the redevelopment agency reorganization, i will ask the mayor's budget office to provide for us a general overview of what happened with the redevelopment agency. we will see bits and pieces of the reading of an agency in many of the departments that we see today. >> thank you. kate howard, mayor's budget director. i have a summary of the post redevelopment budget for you today. i am trying to provide an overview of what has happened with the redevelopment agency, where its services and functions have been absorbed in the city, where its staff has been a guard in the city, but the work plan going forward looks like. i have with me today my colleagues tiffany from the city administrator's office and can draw from t

, it has been conveyed to us clearly by people across the spectrum that if the qualified mortgage relman-- is drawn to nearly, that could upset the mortgage market. that would be a notable example of the rule itself potentially restricting access to credit. we are very concerned about making sure we do not do that. we have backed up our timing on this rule to consider it further. we did quite a bit of data from fhfa about mortgages. there is a law that if you gained significant new data, you should give people an opportunity to comment on it which we have been doing. >> do you expect much lending outside of the category of qualified mortgage? >> it is hard to know what may happen in the long run but what has been conveyed to us is that in the short run, the next three years, there is unlikely to be a lot of lending done outside of the qualified mortgage circle. therefore it is important for us to be more inclusive in terms of what comes within that circle. that is all input we are digesting and try to take into account as we finalize that will before the end of this year. there is a prov