15 years are up somewhere in the range of 4, 5, 600%., which is whyxine fitzpatrick says, these rental unitscould offer the city some success. wher nonprofit is workingith portland to build more low- income rentals as part of the right to the return program. >> our whole thinking around rental property is that it allows them an opportunity to stabilize so they don't have to worry about being up a bit, youg know, at ten will of the landlord. >> nawaz: but experts say the key to building wealth is owning a home, and that's where the program is failing. >> the program very much needs to be retooled and rebooted to face the realities of the market nawaz: portland state university's lisa bates examined the right to return program earlier this year, and she gives the city credit for putting it in phece. but whor not it makes a difference, she says, is something the rest of the country will be watching. similar efforts to bring back families with ties to gentrifie neighborhoe now underway in new york, philadelphia,an austin andrancisco >> when it comes to a history of racial segregation of exclusio

services include rental unit identification and acquisition, rental subsidy allocation, unit habitability, tenant well-being inspections, and the modification of housing. just to give a brief background in 2006, the community living fund was established under nio 10.100-12 of the san francisco administrative code to fund ageing in place and community placeme alternatives for individuals who might otherwise require care in an institution. perthe code requirements, daas provides the board of supervisors two documents: the community living fund six months report twice a year detailing the level of services and costs incurred, and second the annual plan once a year. the goal of the community living fund is to assist those who are at imminent risk for and to prevent institutionization whenever possible. this includes transitioning individuals from skilled nursing facilities like laguna honda hospital which has a dual purpose of allowing people to live independently while freeing beds up for those who need it. this concludes our report. >> supervisor kim: thank you. and john, thank you also for

there may not be enough homes for sale but there appears to be an over supply of new rental units. >>> taking off. why this summer's must-have ticket is a flight to europe. those stories andore tonight for "nightly business report" for thursday, june 7th. >>> and we b do you good evening, everybody. we begin tonight with developments on geo politicsnd trade. issues that certainly have moved the markets over the past few weeks. first, secretary of state mike pompeo said t todayt north korea has confirmed its willingness toma dle its nuclear arsenal. that revelation comes just days, of course, before theul sch summit with president trump and kim jong-un. before the president heads to singapore for that he will be meeting with g-7 allies in canada where contentious discussions over trade and ilriffs are expected. it certainlybe a big event for investors and the market which today finished mixed as bond yields dip. the dow jones industrial and averages are advancing 95 points. the nasdaq cooled after a serie of record closes down 54 points today with e s&p off about 2. >>> the ucs. has s

the rent board fee assessed on every rental unit in san francisco. the controller determines after approving thbudget the amount of funds that are needed. assesses that amount to cover the budget. that's eata grseinto our last slide which is the rent board fee $45. this fiscal year we anticipated the rent board fee going up to $47-$48 but are happy to report it will come in at the same $45 per unit, $22.50 per s.r.o. unit this year. >> supervisor cohen: so no one gets a raise? >> well, wewere able to have some savings from prior years. >> supervisor cohen: okay, that's good now. do you have a rainy day fund? doyohave money available if something terrible were to happen that would help you? >> not really. the only thing we wohave is prior years' surplus to use in a future ve no other an >> supervisor cohen: if something catastrophic, i will direct my question u tobut also staff, thre was something catastrophic and your budget wasn't able to absorb the costare there restrictions that would prohibit you from or nothe own on the general way -- s no>>the

the milestones described above, and upon full buildout of the project site, the rate at which rental unitsre offered must not exceed on average a rate that would be affordable to households earning 110% of ami at the rate at which for-sale units are offered must notch doors must not exceed an average which be affordable to households earning 120% of ami. all fees generated would be applied to affordable housing projects to be constructed in the bayview neighborhoods. training to open space, the developer proposes a mixed-use development of the project site which would include a new publicly accessible network of improved parkland and open space inc. through a mixed-use urban village. the full buildout would include a total of 15.5 acres of publicly accessible parks, clauses, site trails and pedestrian pathways. it will be comprised of improvements to the existing 6-acre open space as well as 6 acres of private land that will be developed into what is identified as the big green. this would be dedicated to the southeast waterfront area. once completed the spaces would connect nearly 1.5 mil

there is no telling how long it will take to get the rental unit into compliance. the mitigations are inadequate because the tenant is left out in the cold, unable to find an affordable place to live in the city at a comparable rent. i'm very glad that katie tang has removed the amendment to section two '07 to the planning code to allow an a.d.u. in new construction. as we know, demolishing sound affordably priced existing housing conflicts with san francisco's a general planned policies. replacing sound housing with one larger unit or two or three new units of new construction, depending on zoning, plus an a.d.u. does nothing to address affordability and adds to displacement because of new construction is not subject to rent control and his way too expensive. new construction caters to people who are willing to pay top dollar to live in a city and real estate speculators looking for profit. i am i'm glad this proposed amendment would be removed because it will create an incentive for demolition and would not bode well for san francisco residen for smack blank mac.

that current proposal is as indicated in the slide. 125 family rental units. during the community outreach, there was concern to say, we need to reach out to the city and ask about housing for members of the community. originally looking at this site and cash flow, we're looking to generate revenue for the port. we've wanted to include a public parking garage. we fund out that it is not financially sustainable. next steps is -- as we said, we'll come back in july to get your approval. it will document the current terms and conditions that we've negotiated with housing office and the developer will start looking for funding and close escrow. here are the basic terms of the m.o.u. i will not go through them in detail, but the m.o.u. is going to be for the same term, 57 years. this will allow us to do a number of things for the port, including review and documents that will be coming to us, because they've provided the major funding for the project. there must be an agreement for the mayor's office to pay us for the fair market value. we're hoping that it will be

we're really more towards not liking this project because, you know, one, it's removing rental -- rental units off the market. below market rate is not the same thing as market rental -- well, whatever the right word is, yeah. i mean, it's not the same thing. who's going to be affording that? so -- and you know, having a housing voucher, well, again, you have to apply for a housing voucher, and you have to meet the requirement. not everybody can get a housing voucher. so, you know, i'm -- i'm really concerned. if certain people can come to the plate and say, i can get an agreement, i can get some financial reward, but that's not everybody else in the community, and you know, i've heard the complaints for years now, years, from people trying to engage this -- the church and the things that the church has and hasn't done for the community, and it's a blighted spot. it's been blighted for years and years and years. thank you. >> president hillis: thank you, mr. nolte. any additional public comment on this item? nobody? all right. we'll close public comment and open it to commissioner comments and

replace is an -- rental unit now. it is just a relentless. this project does sit in the middle of many of our community anchors. it is beside the school which is really important. there is the cultural center, the library, we really need -- none of the people who have lived here are going to move into that building. the density, let's look to who we are serving. let's look at amr and, like, what that is taking into -- what kind of incomes that is taking into consideration because it has not serving the people that we are displacing. it is so sad. >> thank you for your comments. next speaker, please. >> hello. i'm the executive director of. [speaking foreign language] it is right across the street. one of the things i believe it is a board needs to take a stand on making sure that this area has health protections. there are children right next door. we just heard a couple of people speak to, not only the potential, but research, understanding about the impact and their health. and it is our responsibility as public institutions and, you know,

in circumstances where the placement of one of these units is within 10 feet of an apartment, a rental unit, and if there's any question by this board, do we have the opportunity to suggest an indemnification. thank you. i won't do it today. i would like to get an answer. >> i did find one thing that was a little bit further thought provoking for myself. that is, when you have standards that are 20 years old or over 20 years old, they're probably obsolete. so it's interesting that we haven't heard that particular argument very often, but, you know, it's something, perhaps, the department may want to continue to look at because things never stay the same. you know, standards should always be continually changing. >> okay. do we have a motion? is. >> to deny the appeal and approve the permit on the basis it was issued. >> a motion to deny the appeal and issue the permit on the basis it was properly issued. on that motion, president fung. [ roll call ] >> that motion passes. this concludes the hearing. the meeting is adjourned. thank you. >> good evening. >> when i open up the paper every day,

and affordable rental units in the draft motion and the approval and the incorrect template language was included for ownership units. the project sponsor has submitted an aft that is the correct information and using the approval and the department of use template language and incorrect information was concluded in the record foort -- in the final adoption if you choose to adopt anything today. and the draft motion that was an incredible edit and that will be removed in the final submission as well. that is a housekeeping matter. the department finds the project is on balance consistent with and promotes the policies and objectives of the plan and promotes the north of market residential special use district through housing and compatible city. within this special use district t portion of the value added to the new development resulting from the granting of a height exception above 80 feet up to the maximum of 130 feet must be contributed to a fund that has been established for the purpose of stabilizing, rehabilitating and maintaining existing affordable units in this area. the apa

their eligibility, meeting the eligibility criteria for some of the home ownership criteria and rental units, the -- both bayview senior center and san francisco housing development corporation are really working with a core group of those people to help them pass those barriers and prepare for the next -- the coming opportunities as they come along, yeah. >> it doesn't look good, right? >> no. i mean -- i mean, you know, i keep hope alive. i'm -- i'm -- i'm -- i'm very optimistic, and as pam said, like, the -- i think this certificate of preference holders that we're working with are optimistic, and they're -- it feels like a new day with them that -- that -- that i think that they're getting the information and the information that they need to be able to decide to come back when they want to come back, and so it feels a lot different than it might have in the past. >> thank you. >> thank you. i do have -- can i just -- >> okay. >> would you attribute that to dlya? >> a lot of it is, because it's so much easier, especially if folks don't live in san francisco anymore. >> yeah. >> so a lot

not only are they improving their own unit, but they're improving the common areas, gardens, and rental unitsen vacant. since they have owned the property, they've replaced flooring, painted, improved common lighting, replaced fixtures, and transformed the garden into something beautiful that all can see. the addition discussed here is a modest addition to their apartment that will open up their space drastically. they have diligently followed the city's process to title this project over a year ago and should be allowed to start. the d.r. request is frivolous. internet access is not protected, and there are many alternatives that would satisfy the broad band needs of any reasonable neighbor. i don't think it is said enough in this forum either how costly this process is to the project sponsor and ultimately to the cost of housing in this city. first there are the thousands of dollars in direct costs with architects and others to comply with the d.r., but by delaying these projects by years, it is rarely months. construction and lending costs can increase not only by thousands but by hundreds

the original plan was to put rental units at the site. some say the units will far exceed what renters pay. >>> how a bay area company is making it easier for astronauts to solve problems in space with a 3d printer. >> a day at the pool ends up with a trip to the hospital, the mix-up that exposed dozens of people to dangerous chemicals. >> yosemite's giant sequoias, the makeover design to keep people from showing them a little too much love. hey, want the fastest internet? done. and now, xfinity mobile's included. you could get up to five lines. you could save 400 bucks or more a year, which you could spend on a funk-tastic music video. ♪ dance party boom. ♪ simple. easy. awesome. get started with xfinity internet, with three times the speed of at&t and directv, and tv for $35 each a month for a year when you buy both. and ask how you can save with xfinity mobile. click, call or visit us today. spacewalk outside the international space station >>> some out of this world video to show you, nasa astronauts set out on a spacewalk outside the

this would add up to 120 rental housing units along grant avenue.rters say it's too expensive to live in the area. teachers being really forced to move away. >>> 6:56. big change on the roads. vta is working on redesigning two busy south bay roads. it follows off two years of studies and a lot of public outreach. it runs seven miles from sunnyvale to milpitas and ends near the new part station. they looked at travel time and pedestrian safety. the same deal for baskem avenue running six miles from 880 in san jose down through campbell to 85. some people say they want bike lanes. saying right now it's scary to ride along that road. vta says it's refining design alternatives with both corridors we'll take a look at the plans this fall. >>> looking live near stanford, police say a woman led them on a chase overnight. police tried to pull her over at el camino and stanford drive near the campus. eventually officers surrounded her in the hills off alexis drive. this is past the palo alto hills country club. they had a warrant for assault with a deadly we

as it occurs now, it is one entire rental units and doesn't include a residence. >> it is a fairly common condition in the past. but not so much anymore. the planning code does have certain provisions for dwelling units. as a manager units, et cetera. under the operativecondion of the planning code which is section 317, dealing with residential use, it is a fairly broad definition. this would fall to residential use being an accessory to the retail use that was there. and bringing it full circle. you can look at something like 1049 market which had uses that were converted from process to residential uses. >> vice-president swig: back and forth, back and forth. >> it is a fairly broad definition. it triggers what is there and the evidence that we have triggers 317. the conditional use, which they have obtained to demolish the building. >> for clarification, to make sure my interpretation is correct, distance, your position, even though it is two buildings, it is all part of one compound on one lot. therefore the moving of a units of residents from one building to another, that would be th

the building has tell tale signs of an illegal rental two united nations advertised on airbnb have lockoxes and key pads. >> do you live there >> we do. >> how long have you been living there. >> just rented. >> are you surprised to hear it's not legal here? >> i am. >> you would say, when you hear that story. >> reporter: the miami beach mayor, the issue is clear-cut. >> let me work in some places, but they don't really work here, because at the end of the day it's not the mom and pops we're seeing here. we're seeing commercialized predatory companies that are trying to commercialize a residential community. >> reporter: predatory seems like a strong word what do you mean by that >> it is predatory, because it's not about a mom and pop or a grandmother wanting to bring in a college kit to make him chicken soup at night. it's people taking very nice properties, buying them, and turning them into essentially a flop house. >> reporter: a former prosecutor and florida state lawmaker says airbnb and other home-sharing platforms must abide by the law. >> reporter: have you spoken to airbnb a

the two one bedroom units have been long-term corporate rentals with 95% o occupancy and that is the plan going forward, the prct evolved. it's a three unit building with the two of us have the top rs and onedroo being rental. it is contemporary. hopefully you can be in support of this project we have been at this for a number of year. i appreciate your input. >> president hillis: thank you will we close this portion of the hearing and open it up to commissier questions and comment. >> commissioner moore: i want to refrain from questions about it building ithi neighborhood are supposed to address the neighborhood context, the architecture and social context in which we are designing, i want to stay away from that for aoment and focus on replacing three dwelling units which i assume by their size and general location were units which match the surroundings and it was a good building and held the corner and something we were used to because none of the buildings today out. i dve t theghe all the time and walk there all the time so i have a good feelingf what the rhythm of the neighborho

it is mixed income with affordable units being offered at no higher than 50-55 cents mac am i. if it is a rental project, units, both affordable and market rates would be offered to a wide range on of -- of residents. zero car parking, ample bike parking, location within walking distance of 24th street park, and on a stretch of mission served by a number of many mobile lines. on top of the on-site affordable units, the project sponsor will impact... it was first proposed in march of 2014. over four years ago. if the appeal is denied, and with some luck, the new housing could be ready for occupancy by mid-2020, nearly six years later. just answer a few of the questions that were asked of the planning staff, the project sponsor has been in communication with the san francisco unified school district, and we were told to communicate with the facility's director at the school district and we are also told the school district had no position on the project and that if it did, it would hold a regularly notice of hearing. i just wanted to clarify that for you. as you have heard from staff, approximatel

united rentals was to buy from neutral at ubs. the analyst cited thes stoc valuation after pulling back 20% over the last three months. he also sees better margin performance for the equipment rental company. the firm has a price target of $196. today share csed at $154.95. that was up more than 1%. >>> coming up, if you have asiig de to make about your portfolio, this week's market monitor says your best bet may be to think small. >> the ruling said obtaining the data fromireless carriers without a warrant amounts to unreasonable search and seizure. the court did grant exceptions like pursuing a suspect or protecting someone who is in immediate danger. >> in that ruling the court said cell phones are a pervasive part of our daily life, so it's no rprise that a lot of advertising money has been moving away from traditional media and intol. digi that trend is also facing a number of challenges. it was one of theops of conversation among ad executivek this w at the l kaunsn festival in cannes, france. julia borestein was there. >> t

eventually it would add up to 120 rental housing units along grant avenue. supporters say it's just too expensive and teachers being forced to move further away from the students. critics say 120 units not nearly enough. >> a big change you'll see on the road soon this morning. vta says it's working to redesign -- redesign two busy south bay roads and follows a two-year study with the public outreach. the first is the drive and runs seven miles from sunnyvale to milpitas. this goes past levi stadium and ends near the b.a.r.t. station. traffic signals and pedestrian safety, same deal for the avenue running nearly six miles from 880 in san jose down through camp bell through 85. some people said they want the bike lanes saying that right now it's scary to ride a bike along the road. they say it is refining design alternatives for both corridors. of course we'll get a look at those plans this fall. >>> now to the game everyone will be talking about today. huge crowd expected in less than two hours when mexico takes on sweden in a world cup watch party. >> thom

eventually it would add up to 120 rental housing unit as long grand. supporters say it is just too expensive and teachers are being forced to move further away from students. critics say 120 students are not nearly enough. >>> and keeping your kids safe on the way to school. more san francisco schools are encouraging families to walk or even take public transit to get to class. the examiner reports more than 100 schools are getting this push up from 30. a program includes safety presentations and physical changes like new signs and speed humps. the goal is to reduce traffic and cut crashes around the schools. >>> and a big change you'll see on roads soon. this morning vta said they are working on redesigns for two south bay roads. and it follows over two years of study and public outreach. now the first is tazmin drive and past levi stadium and ending near the new b.a.r.t. station. they looked at travel times and pedestrian safety. the same deal for bask om avenue and from 80 and san jose down through campbell and 85. some people want bike lanes saying

were -- there were around 1700 evictions that took place in san francisco at around 200,000 rental housing unitsless than one % of tenants. what that means, because there were only 15 reasons to evict a tenant, is that there are legitimate reasons. sure it might make sense to provide an attorney for an eviction for no fault of their own. but what we see overwhelmingly, is that tenants are evicted for things like breach of rental agreement, nonpayment of rent and committing new sense for other people in the building. it doesn't make sense at we as taxpayers would pay to defend an eviction for a nuisance where a tenant is creating a decreased quality of life or his neighbours. he ne question will start with you. will income restrictions be put in place for those who could afford presentation from using city provide ysne at taxpayer expense? >> that is part of the problem with this measure. what that means is that it is inflexible. and san francisco, land is approved by the voters and cannot be approved or changed except of the will of other boats. is a legislative a proposal that would do it almos

that was clearly stated that the renting of the unit, given the condition that was put on the rental, an option that the owner can pursue or not pursue. we are not adding a unit we are adding a big volume to the house. >> we are adding a unit that is up to code. the current unit, you know, is not safe. it has a list of deficiencies, it doesn't have a violation, but it does have a list of deficiencies including, you know, health and safety deficiencies. >> i guess my struggle with it is there was a bed in the kitchen and i don't know if it was rented out the month before, but the owner, somebody who had the house enjoyed the benefit of having the unit and now they are claiming the unit was so substandard. that was my opinion. i would say, ok, i get it, you didn't use it. you're trying to have it both ways. i feel bad about this one, but i am really not supportive of the gymnastics we are going through here. it was pretty straightforward. >> since the project sponsors have owned it there has never been a long-term tenant in there. there is not a long-term tenant and they are right now.

finishing their apartment houses the competitio because of the number of newly-built units that are available in the rentalket in manhattan today, but with time, those units will get absorbed, and about a year and a half, two years from today, i think the current new supply of new rental housing units will have been fully absorbed and thereafter, i think the market will once again be very strong and very attractive for rental housing. >> we saw the new york market get hit after the financial crisis but resilience, i think, is the word because it came back pretty strong. what happens if we face another downturn, based on what you've studied? >> from what i've studied, the key to resilience is never giving up. larry personifies that it's bouncing back better, no matter what the hit is we honestly didn't know if downtown was going to make it after 9/11 and then after the financial crash, that was more oa hit. but every it's me bk with a better balance, more richness in the types of buildings that are here, the types of open spaces i think things are going in the right direction, but it's based on one major pl

per lot in a city one unit per lot and rent controls if they apply to the building and the units remains as a rental no discussion didn't apply to those units so a little bit about the procedures the legalization zoning permit is not over-the-counter it is an intact and requires that you start at the screening progress with dbi they determine our eligibility and again think intact per planning after we finish our review it is routed to dbi for their review similar to the adu program there are components of the planning code that can be waived although we don't require that a waiver is attached to the project the density and parking and cleanpowersf rear yard and exposure can be waived and other projects and that concludes any presentation i'm going to turn it over to jimmy from dbi that will take over on some of the building requirements. >> hi jimmy which you think dbi so, now you've gotten to your permits for a - from the planning department i'll go over some of the highlights building department highlights on what we like to see - was required for the adu let's first finks first, the minimum ceil

companies such as bank of , andca, conoco phillips united rentals, with a fair amount of business in canada, still within the outside of the biggest trade wars happening with china. we want to remain domestically focused. as a matter of fact, i was reading a piece yesterday. everyone hundred billiollars of tariffs tha the u.s. imposes on goods and services will take about 0.1% of , worldwide growth, down. so it will have a meaningful impact. unfortunately, it seems to be one of donald trump's core beliefs, that trade wars are actually wars, as opposed to or differences in terms of accounts, because a trade deficit is actually an account surplus. there's two sides to that coin and there's not necessarily a loser and a winner. andie: you mention europe the potentially slowing growth on this side of the atlantic. bmo, have globally exposed funds. talk to me about italy, geopolitics and the way in which concerns about skeptic voices in the italian government, relationships with the eu. how do you view europe? ernesto: italy is just one more example of this rupture happening around the wo

their income to have a safe and decent place and i'm talking about those who have been living in rental units that really need more than just rehabilitation. there are places that are not protected from wind and rain and all of those things that people should not have to experience trying to live in a decent place to live. i'm talking about people who are living in apartments that the ceilings are falling in who are looking for a decent place, i'm talking about people who call every day to check to see if, in fact, they are going to be the next person who is going to be allowed a voucher. i'm talking about people who have been waiting two, three years and on and on and on. and so, i support the idea that the new population of opioid abusers can have a decent place to live and resources, but let's not deny the people who have been standing in line, who have been praying and hoping for a decent place, let's not take 10,000 vouchers in a so-called demonstration project. we don't need a demonstration project. i can tell you many folks in this house can tell you what they know and have experienced

a survey we conducted of the rental rates for thoccupied units to date indicates an average of 2,600 for a one bedroom accessory dwelling unit in the city. these have been primarily completed in districts 3 and 8. of note the survey indicated some of these units are being rented family members at below market rate or not being charged rent at all. so just some interesting findings from that survey. i would like to highlight a few procedural improvements we have been working on since last year. per your direction, through input we heard over different projects from tenants groups and tenants lvewe have developed a procedural solution with the department of building inspection related to the issue iyou reeybmonth using services. or two ago we had a last hearing related to th topic, a.d.u.'s and services, and specifically on the topic of garages. so we have worked with d.d.i. on the topic of increasing awareness of service by owners and to tenants. so this procedural improvement will require both owner acknowledgment of the use of all of these spaces defined as housing services and requ

which illustrate that in 84-foot tall, two tower mass could contain approximately 148 dwelling units or -- of rental space by beginning 43-foot courtyard beginning on the fourth floor. the determinthe prose poseel iny measured the height for beale street and when brought into compliance would limit. [. [reading] ing] the project upon sor submittal in repons to the commission was received the same day this memorandum was published so the department unable to review it and provide comparison and analysis, so i will ask depraved wins low the department's principal architect to address the commission. >> david winslow staff architect. as doug said the information at the time the commission packets were published were incomplete and there was no time for staff to review and analyze before publishing, since then they have reviewed, compared and aged on some of the data, the area of the split building screa schemee to both sides assessment and we can discuss further where we differ but it's minor. this scheme yields approximately 92,000 square feet of net rentable. we have not completely analyzed the compa