the city has been working with the california development fund to actually create the community art stabilization trust a $5 million trust that's capitalized and again, the northern california loan program to support the cities center market and a tenderloin area. wore existed we are going to purchase two buildings. one it is the building their residing in on sixth & market that will allow them to remain in the building and have full ownership. they were at risk for public and private investors but they'll have fro art classes for homeless and other folks who want to participate. i want to announce the purchase of on the under utilized adult theory on above the counter pulse a art performing team. they're now have the building in the long-term and move it's arts facility. so wore happy to announce some of our events. we want to see how we can expand efforts. fourth i wanted to announce a board of supervisors fundraiser. next monday at 03. supervisor avalos and i are co- chairing a task force local in the philippines. acknowledging we do represent the two largest filipino groups. as part of the effort we're trying to have a all volunteer effort we'll be able to donate outlining all our r

i want to say thank you to the rain an fund, thank you to northern california cal community loan program and the luggage store and to all the tenants involved in this building. right now it's not just luggage store, it's hospital house, the arts program that even the tech programs decided they would donate. we got a donation from visual arts to supplement the house and the representative for all the artist. a good portion that want to be here and stay here and continue practicing the arts for all of us. arts are part of success for san francisco, they are part of the culture, they are part of the international flavor of san francisco. we are going to continue doing everything we can to support their existence, their survival and their success. when we drafted the market street economic strategy, we had arts right there focused. now we've got some answers, now we've got some models to exhibit out there. so these first two successful building owner ships are just the beginning. when the arts programs established themselves as part owner of these wonderful buildings we have here, they are g