sophie hayward. i was going to call her middle brook, that shows how well i have known her. >> thank you, supervisor. i have been working in affordable housing for 20 years mostly as a developer for non-profit organizations and these sort of hearings are heart wrenching and important and i want to thank you all for your support and our efforts for this really important work that we do. i am confident if we have a partner on the other side of the table that is willing to negotiate with us, we can come to a fair and reasonable agreement for the owner and the residents. thank you. >> so, why don't we continue this to our next meeting. i'm sorry. >>supervisor jane kim: president breed? >>supervisor london breed: thank you, i wanted to thank supervisor peskin for his comments and for holding this hearing. one of the conversations that oftentimes is ignored is a conversation around preservation of our existing affordable housing stock. we have those discussions on a regular basis primarily because we have

sophie hayward. i was going to call her middle brook, that shows how well i have known her. >> thank you, supervisor. i have been working in affordable housing for 20 years mostly as a developer for non-profit organizations and these sort of hearings are heart wrenching and important and i want to thank you all for your support and our efforts for this really important work that we do. i am confident if we have a partner on the other side of the table that is willing to negotiate with us, we can come to a fair and reasonable agreement for the owner and the residents. thank you. >> so, why don't we continue this to our next meeting. i'm sorry. >>supervisor jane kim: president breed? >>supervisor london breed: thank you, i wanted to thank supervisor peskin for his comments and for holding this hearing. one of the conversations that oftentimes is ignored is a conversation around preservation of our existing affordable housing stock. we have those discussions on a regular basis primarily because we have

sophie hayward. i was going to call her middle brook, that shows how well i have known her. >> thank you, supervisor. i have been working in affordable housing for 20 years mostly as a developer for non-profit organizations and these sort of hearings are heart wrenching and important and i want to thank you all for your support and our efforts for this really important work that we do. i am confident if we have a partner on the other side of the table that is willing to negotiate with us, we can come to a fair and reasonable agreement for the owner and the residents. thank you. >> so, why don't we continue this to our next meeting. i'm sorry. >>supervisor jane kim: president breed? >>supervisor london breed: thank you, i wanted to thank supervisor peskin for his comments and for holding this hearing. one of the conversations that oftentimes is ignored is a conversation around preservation of our existing affordable housing stock. we have those discussions on a regular basis primarily because we have

not being cooperative and i want to again thank olson lee and his staff and his previous staff, sophie hayward who have been willing to put our money where our mouth is, maybe not as much as equity would like. i mean, it's just horrible that at the dawn of the 21st century we are looking at a scene out of a charles dickens novel a hundred or more years ago. we are better than that, sequoia is better than, mr. carter is better than that, ms. mccheery is better than that. quite frankly while there is no disagreement as mr. mcdonnell, counsel for the owner says about the rights, there is something that i have to say for the record and that is relative to the investment in so far as 80% of the units have been at market rate from the beginning of that investment and given what's happened in this real estate market, your client, sir, ms. mccherry, you have done extraordinarily well. when i hear about these 20% of the units which are occupied by seniors and disabled and musicians and the teachers who are educating our students. when i hear that they are "bond loss". respectfully, it makes me want to

sophie hayward. was going to call her middle brook, that shows how well i have known her. >> thank you, supervisor. i have been working in affordable housing for 20 years mostly as a developer for non-profit organizations and these sort of hearings are heart wrenching and important and i want to thank you all for your support and our efforts for this really important work that we do. i am confident if we have a partner on the other side of the table that is willing to negotiate with us, we can come to a fair and reasonable agreement for the owner and the residents. thank you. >> so, why don't we continue this to our next meeting. i'm sorry. >>supervisor jane kim: president breed? >>supervisor london breed: thank you, i wanted to thank supervisor peskin for his comments and for holding this hearing. one of the conversations that oftentimes is ignored is a conversation around preservation of our existing affordable housing stock. we have those discussions on a regular basis primarily because we have so