thank all the other great partners who are part of this great project, mercy housing, san francisco housing association, california housi housing growth council and the mayor's department of housing and acting mayor breed and late mayor lee. obviously there was a huge loss when we lost our partner in crime mayor lee who has been the affordable housing mayor. it's hard to go to these events and not see him here with us. and not know that he is just -- he is missing the event hanging out with michelle obama, which i think happened a couple weeks ago. we invest over $4 billion last year in affordable housing. when we make decisions on where the money is going to go, the numbers are important. we are a bank. what's more important than that are the people we do business with. organizations like mercy housing and cities like this, like the city of san francisco and mayor lee. a couple years ago, there was this crazy plan to rebuild all of public housing in san francisco. and i took it back to the leadership at bank of america and washington d.c. and i said i want to talk with you about this plan, ignore the

reporter: the last area where you can find houses under half a mill and still close to san francisco is in west contra costa county. the bay east association realtors reports the average price here is $573,000. we're looking at four cities, pinole, san pablo, richmond and el sobrante. this house is a three bedroom house in a very nice neighborhood for $400,000. it's pending. not too far away in san pablo this house is listed for half a million dollars, four bedrooms and ready to move in. even in this crazy expensive market there are still places where homeownership isn't just a pie in the sky. i'm da lin, kpix5. >> we should point out da used every camera available here at kpix5. that was a great story. realtors say oftentimes that listed price, of course, it's not the final price, depending on competition, the properties can go for much, much more. one more real estate note tonight, the ceo of redfin is predicting an exodus of tech companies from the bay area because living here is just so expensive. on cnbc earlier this week realtor glenn kellman said housing prices and rents in silicon valley are too high, even for google employees. he

for each of the affordable housing developments and the second is an approximately $5 million grant award to go to the san francisco municipal transit agency for the associatedgreenhouse gas reduction measures included in the application. and for 1950 mission streets it has upgrades to a bus line and upgrades to the pedestrian and bicycle experience vis-a-vis the better markets plan and as well as smaller an ann changes. and an installation of the pedestrian countdown signals on fulsome street and related improvements. the agreement for joint liability for the city and housing developers due to the requirement for the housing project's and transit improvement projects, it means that in each case both parties will be liable for the completion of the entire project and either party may need to step in and to execute the measures to have the housing development completed or to have the transit improvements completed. i want to thank you for considering these resolutions and the assumption of liability and the ability to apply for $15 million to the department of affordable housing and sustainable communities program and we're excited to try to leverage these fu

san francisco housing authority and of course san francisco local home for efforts collaborative. and their work to hold us accountable to get to the zero number. so thank you. and the san francisco association of realtors. in these partnerships new people step forward and step to the table and we're grateful for their efforts and they help us turn a building into a home with their welcome home project so thank you to them. last but not least, ecs would like to thank dish and their co-directors and their team. the operations of the auburn is a collaborative partnership with dish. and with dish, we're excited to have the opportunity to work with them. this is our first effort in working with them. we're very excited, we thank them for their continued excellence and continued effort to get us where we are today. thank you. our board of directors and the remarkable team at ecs. along with dish who rolled up their sleeves and worked hard to ensure u.s. veterans had keys in their hand before the start of the new year. this includes our director of housing development and asset management and her team. liz is here in the front row. anna cooper, and i would like to thank scott ecker, and others lea

house democrats are accusing republicans today of doing the bidding of the national rifle association. the illegal immigrant and convicted felon who was acquitted in the murder of a san franciscoan last week is now facing serious federal charges. correspondent claudia cowan has details. >> the u.s. attorney's office wants jose garcia zarate to stay locked up for as long as possible following his acquittal of murdering kate steinle in a case that sparked fierce national debate over illegal immigration and sanctuary cities. >> greg: zarate facing new fedel immigration and weapons charges. >> he should be prosecuted to the fullest extent of the law. the government's job is to maintain not only good optics but real public safety. this person appears to be a serious and imminent threat. >> the jury found zarate guilty of being a felon in possession of a firearm. #metoo's lawyer said they will file a motion monday for a new trial, arguing he didn't know we had a gun in his hand until accidentally went off. the judge should have instructed the jury that split second possession of a gun after it fires does not meet the requirement for a conviction. san francisco's attorney defending h

associating the housing costs particular to that group. sara talked about the trends. this is a chart that shows the trends in household income over the past 20 years or so in san francisco from 1990. what it really shows is that there's a widening in equality within san francisco. the percentage of households that are 50% or below has grown since 1990. percentage of household over 150% has grown. the group in the middle is stage nating or -- stagnating or declining. there are reasons, but it's at a time when there's been a change in the economy, where we're seeing a slowdown or a decline in middle income industries. so it's setting the stage of the problem that supervisors safai was alluding to. it's not a new thing. it's been several decades brewing. this is a chart that shows the working age participation rate. i've circled that middle-income group that we were talking to in the 60% to 140% range. i should say, san francisco is one of those places where the labor force participation is extremely high. most of the groups, 80% of working adults, are working or looking for a job. national number is in the low 60s. the middle income group is the group is that is clearly p

house. fire investigators are trying to determine the cause of the fire. >>> associated press names nfl protest the top sports story of 2017. former san franciscoe protest last year but reached new levels this year. it was originally meant to call attention to racial inequality and police brew with tallet. it reached a new level following comments by the president. it sparked a massive show of defiance, prompting 200 players to take a knee during the anthem. roger goodell called the comments divisive and showed a lack of respect. >>> beginning today, it is grandparents day at fairyland. grandparents can get in for free when accompanied by a grandparent. it is open from 10:00 to 4:00 this afternoon. >> winter weather could get in the way of travelers trying to return from their christmas destination. a look across the country and the impact right here in the bay area. >>> plus, the shopping, gift giving, and exchanging is over. but the malls are expected to be packed again this morning. how stores are preparing for more big sales and a number of returned items. ♪[music] >> all right. welcome to the 9. you're taking a live look at the christmas t

association of realtors. three times the number for five years ago as home prices jump 9% in a year. the median price for a house in san francisco tax. that is it, says 61-year-old sandy fitch, retired executive who lives in long beach. she's had enough so has her 26-year-old michael, a market associate in l.a. where, they're planning a move next year to either texas or florida. >> living here was always midlife-long dream i love this state. i have seen it go downhill it just isn't the same as when i moved here back in the 1970s >> i could get a two-bedroom, one bed house in tampa for $120,000 my mortgage is less than my rent was in van nuys. >> no state income tax wait a minute. they're cutting the corporate tax. this should be great, right? all these tech companies here are going to invest and expand well, public policy expert joe hawkins says that's true, but not here >> if you take a look at where apple and google are growing, outside of the bay area, it's not in the rest of california. it's to boulder. it's to austin it's to salt lake city all those places have become more attractive with the tax bill than california >> now