Transcripts For SFGTV Government Access Programming 20240714

And now to the point where infrastructure is being done in the first housing to be built. Over a decade of service to the authority. We think you for your expertise and for your commitment. I think we have something for you, and i will let bob give it. This is just a small token of our appreciation for your years of service area service. As fay said it is just a token of our appreciation for decades worth of work with the title board. We want to thank you for all of your support, at work, and helping us to the point we are at today. Thank you. Before i let you talk, i will let the other commissioners say a few words. Thank you very much. Commissioner samaha, one of the things that people want to know about you also is that you are a very well, highly regarded leader in San Francisco. So many things you do that sometimes people do not know, and its a testament to all of us here, because we are very well ingrained in the community. We happen to know that you are out there, and all of the committees, thank you so much for your dedication. Being here sometimes is a thing was job. We are dealing with matters and it is taking a decade to get this far in the development of Treasure Island. You were there, helping the staff and helping diligently. For that we wanted to say thank you and good luck in your future endeavors. We know when we get off this odium we also see each other in the community. Our work is never done and this is just moving onto another transition, but you are still part of the larger San Francisco. Thank you, sir. Thank you so much. I think the same sentiments have artie been said. Really, truly, thank you for your years of dedication and all of your institutional knowledge. We really appreciate it and im sure i will be seeing you around. Thank you all for your great comments. And thank you for this, this is really nice. I have been really honored to have served here for 10 years when then mayor and newsom put me on this commission. This body consisted of a lot of directors of department, it was the director of planning, the Mayors Office of housing, and he wanted to transition this commission into a citizens commission. At the time it made sense for her to be Department Heads because it was more technical in nature, they were getting ready to do the initial planning. I have had the pleasure to see the transition for the last 10 years, from the conceptual plan to actually doing demolition and hopefully construction really soon. When i was first added to the commission 10 years ago, i did not know Treasure Island and i have gotten to know is so much more. I feel very attached to it. There are some wonderful people on this island doing amazing work. Sharon williams, a lot of great people, from nonprofits to the developers themselves area there could be a lot of opportunities to create great housing, Affordable Housing that the city need, the current mayor wants to build Affordable Housing and we are doing it on Treasure Island than anywhere else in the city. I really hope that, and im sure you will stay focused on making sure that that happened. And, anyway i may come back because i love this mission. Thank you again, it was truly wonderful to be a part of this from the time when commissioner richardson was president under your leadership, linda, it was wonderful, and you have been true leaders, and all of this commission has had some great work and im sure you have a lot more to do in the next five years or so. Good luck to everyone and i will be seeing you around the community. It is a small city and we will all be around. Thank you very much. [applause] thank you very much. As we say goodbye to jeanpaul. Lets say welcome to our new commissioner, who is the chief operating officer and head of governmental for the academy of sciences. He was also a puc commissioner. He comes to us with a lot of experience about different energy, and utilities, we think that his experience and his knowledge is really going to aid us welcome to you. We are so glad that you will be joining us at Treasure Island Development Authority. Would you like to say a few words . I have a lot to learn. Im honored to be in this company. I hope i serve the citizens of San Francisco effectively. I am a sponge. Anything you want me to learn send it my way. Welcome aboard. Lets go to the next item, please get general public comment. To allow members of the public to address Treasure Island Development Authority board on matters that are with the subject matter jurisdiction i do not appear on todays agenda. Public comment will be held during each item on the agenda. Members of the public may address the board for up to three minutes. You will hear a single time when there are 30 seconds remaining. Please state your name and the organization you are representing, if any, for the record. Good afternoon commissioners. Sherry williams from one Treasure Island. Welcome commissioner quan i look forward to working with you. I was doing some quick math weve been in over 100 meetings together over the course of the last 10 years. [laughter] who knows how many meetings we will participate in together. I want to get a few quick updates. A few months ago, the Financial Empowerment did a study on the Student Loan Debt that is pretty much plaguing our nation. Notice disproportionately there were Treasure Island residents had a lot of Student Loan Debt. To that effect we are partnering with housing and economic rights advocates to do a series of workshop and also provide direct oneonone legal counseling on some of their student loan issues get anybody from the community that might be watching this, we want to make sure that they know about it, but also want to let the commissioners know that we have responded to this and i have some flyers here and i will put them there. The second thing is is that we have our second alliteration of our Family Resource guide. I believe you all got a copy. There is a section in the very front that says any constructive comments could be sent to a certain email. I know bob has some ideas in terms of improving the information on the layout. We might have another winter copy of this. One thing i think it really highlights is that there are a tremendous amount of activities for families and youth on Treasure Island and most of them are free. That is something i think we can all feel pretty good about. And then lastly part of the citys initiative, city drive initiative to increase the number of folks with the class b license. We have our Driver Education Program happening right now as i eat. In august are going to have the fourth construction training program. I think you all know, youve been a great supporter of it. We have had 15 graduates in previous classes, upping it to 25 graduates this year because of all of the work that is about to happen on the island. We want to make sure low income san franciscans have the tools and skills they need. That is just a brief update of what is happening and thank you. Anybody else that would like to address the board . Not on the agenda . These come up. I am walt, Vice President of the Treasure Island museum. On the occasion of publishing our biannual report which is in your packet this is a good time for me to introduce our new president. Im not going anywhere, going to continue to be primarily responsible for our website, our series which is in their 6seventh year, i tracked the exhibitions. But now that our Capital Campaign is rolling, and the board thought it was time for new leadership that would take us to the next level and make the Capital Campaign succeed. I would like you to meet our president. Welcome, mike. I am president of the board of directors for the Treasure Island museum. I promise i will be brief. I thought it would take you there a couple of the highlights of our annual report to let you know where we are at. On the financial front if you take a look in here, if you dont have to know. It looks like we have raised in the last year and half of our campaign 600,000 dollars so far. We are very gratified it looks like our message is getting traction and people are responding to them. We are right on target for rampup fundraising targets. In addition to that in the last four months we have added two new Board Members. Also in oakland a Business Owner and winemaker. Luckily it looks like our message is resonating with them as well. We are very proud to have them with us. From the program side we have been continuing with our lecture series we are getting a lot more attendance week after week. In addition to that, we have just completed a partnership with the mellon foundation, fives rodents have chosen us for their paid internship and spent the summer on the island and we are hoping we can continue with that and do summer programs next year. Two or more of the student have opted to continue to finish out the projects and the things they have planned and the things that they learned with us to get finally, i think Going Forward we are looking at reaching out to one Treasure Island, Lifelong Learning academy. We are trying to create opportunities for students and the community on the island. A part of this, it too early to say how things will turn out. Weve got a very good response we hope to come back to you with some exciting news to get what we want to take away from that is a message that we would like this museum to be a vibrant Community Resource for students and residents on the island. To wrap up, i want to thank the board for your enthusiasm, your son worked and your encouragement, because we could not have done any of this without you. We hope as a result of this together we can build a museum in conjunction with the vision we see it to be. Think you for your leadership at the Treasure Island museum. I know you were involved for so many years. Welcome michael for your new leadership. Its always difficult with a nonprofit starting out and raising Capital Campaign. We wish you luck and we are glad you are in partnership with Treasure Island. Seeing no other people who want to address the board. Next item please read thank you. As sherry mentioned, one Treasure Island is the Family Resources guide and we really are looking for feedback from resident, and other Community Members who might have some additional thoughts and Additional Information to be incorporated guide. We will be celebrating National Night out on the island. The treasure fest went off on june 29 and 30 without any problems Jack Nathanson did a lot of work trying to get the word out to public outlet that really help control the turnout that we had on the fourth of july we will looking to repeat that effort on fleet week as well as new years eve. Although we did push to get the word out, we also did prepare to have turn out, if it came. An encroachment permit, if we needed to close a lane for traffic exiting the bridge come onto the bridge, after the fourth of july. As well as having westpark to assist with Traffic Control and provide changeable Message Boards around the island to direct people to what remained of the great lawn. I have some statistics in on that may gigantic three cleanup on the island. They collected just short of five ton of debris from the island to more than two thirds of that was able to be recycled. The sign shop is updating the street signs in the residential neighborhood. To freshen up some of the signs that were getting faded to replace them with city standard street signs. Coming up in august, the port of oakland is going to be conducting some repairs on their property which will interrupt Electrical Service to the island. Fortunately with the standby generators that we have will be able to put the entire load of the island on down by generators so, between four a. M. And five a. M. On saturday the seventeenth, there will be a temporary power outage while the load is transferred from the oakland feed to the emergency generators and then another cut over after midnight on the eighteenth to put the load back onto the submarine capable area we will be working on notification and flyers for resident to let them know well in advance of the impending outage. The mercy Catholic Charities project award from the Affordable Housing Communities Grant Program is now official. Thats 20,000,000 dollars with 13 point seven of that going to the Housing Project and the balance going transit improvements on the island. You will be hearing from associated right of ways later, just an update on some of the key areas that the Board Members had asked about, we now have only 14 household that have not been interviewed, although two of those we have made contact with and they have simply declined to have an interview at this time. We also have 13 households have made specific inquiries about the early payment and memorandum of understanding. Six of those have actually filed for the early payment, as well as we have some other request from households that have an interest in it. They are not interested in relocating at this time. We are also evaluating requests from household where some members of the household wish to take the in loo and move off the island. And other members wish to remain on the island and anticipate preparing an amp limitation procedure that will address the situation and allow those household members that are not planning to stay for relocation housing to take an early payment. The construction side, most of the area north of california is now under surcharge. We have about 24 feet of material over the area north of california. The stock pile that was on avenue eight has been almost the entire stock pile. If you come outcome of the mountain that we had is no longer there. The Water Department has also come needed isolation of waterlines at the front of the island so that we dont anticipate any more water relocation in at first sub phase area until we are connecting new waterlines a new system. With that work completes, the contractor is reconfiguring the intersection of clipper cove with Treasure Island road as well as clipper cove and avenue d to help facilitate movement of traffic to the front of the island. Geotechnical works, the vibratory compaction around building one is continuing. As is the process of moving debris, and isolating utilities to make way for the new Wastewater Treatment plant. On the design side, the sub phase 3 permit set that was submitted at the end of may, we have comment in from most of the reviewing agencies working to get the final review comments and by the end of this week so we can update the permit set and moved to our second round of review. The first final transfer map was on the board of supervisors, yesterday, and was continued to the meeting of the sixteenth for the county surveyor to reply to some pacific question regarding the map. With approval of sub phase 3 transfer map we expect to transfer some of the Development Parcels in the Community Development. We are also working with the navy to finalize the land use controls and the ability to transfer for site 24. The x dictation that the transfer will clear before the end of august. The navy work in site 12 is continuing. They have completed most of the all digs on the east side of the residential neighborhood and have moved into the last element of their current contract scope which is to excavate the remaining debris from a solid Waste Disposal area a portion of north point road has closed, and network should also be completed in august as part of this contract, the navy also has demolished or removed fire damaged vacant building that was in the area west side. That concludes the report. Any question . Yes. As always, mr. Beck thank you for the detailed report. My comment want to start by acknowledging this report by sherry william. When i showed some of our city officials, i think some of them it shows the extent to all of these services in this neighborhood. What im hearing now [inaudible] what you have done is taken the time to actually feature everyone very prominently. It shows up here. When we provide information we need to make sure that everyone, it is showing up in there. [inaudible] my question to you there are two households that have refused to be interviewed. What is the timeline . This process started a long time ago we have a consultant and we are doing outreach we still have to again satisfy some of the tenant. What is the timeline that we have . All the people we are doing outreach to and they are not responding. They need to respond. We can go beyond the call of duty and we will. What is your timeline that you need to escalate it to a certain point to say we have done all of this and they are not there. The reason i messed that is we move on, down the line, someone is going to show up and that is what we are going to hear about. You can forget about all of the outreach and going the extra mile. It will not matter. If these families that have declined to be interviewed, all of that, that is what youre going to see. We need to anticipate that we need to present that. Do you have files on them, that at some point present to the commission, youre going to have to do that. Please if you could just answer those questions. I believe we have on the agenda today on housing update is that something that will be delivered more detail . It will be touched on as out of that. Our goal is to get to 100 percent by the end of this year. Ar ws is maintaining the log of all of the outreach effort and in particular to those that we are continuing to take additional measures to reach. They are continuing to document calls that are made, letters that are sent, emails and flyers that are left. We are going to continue to do that and work through discussing additional strategies to make sure we get to 100 percent by the end of this calendar year. That is in conjunction with the larger portion of the presentation is the outreach to household that are potentially could potentially qualify to purchase the low market rate units which is going to be a focus for the next six months to start getting people into that pipeline as well. The main question of the deadline i wanted to see that too. Thank you. No other questions . Next item, please . Communications from and received by tida. Any questions or comments by the board . Next item please. Ongoing business board of directors. Hearing none, by the board. Next item, please. One item that i failed to mention in my directors report which was last month we had had the clipper code rules and regulations on the agenda and had been asked to continue it to this meeting. We are working with somerville to actually set the beliefs that were referred to in the rules and regulations, so that when we bring the rules and regulations back into september for approval we will be able to refer to buoys that are specifically in place area there wont be any ambiguity about what the restricted waters would be. Thank you very much. I noticed there was a letter from the Treasure Island Sailing Center who had some questions about it. Im glad we are doing that. That was the letter he submitted at the time of his testimony. Thank you. Next item, please. Item number six, Consent Agenda, all items are considered to be retained by the Authority Board and will be acted upon by a single vote of the Authority Board. There will be no separate discussion of these items unless a member of the Authority Board so requests in which event it should be removed from the Consent Agenda and considered a separate item. Approving the minutes of the june 12, 2019 meeting. Approving and authorizing execution of a six amendment to sublease and Property Management agreement between the Treasure Island of element authority and jon stewart company, California Corporation to adopt a 2019 rent casual. Resolution wrecked actively approving and authorizing execution of a third amendment to the memorandum of agreement between the Treasure Island of element authority and San Francisco county Transportation Authority to compensate the authority for cost relating to yerba buena gardens, maintenance, Traffic Control and Shuttle Services to the. July one, 2019 through october 31, 2019. Any items on this Consent Agenda that the directors would like to consider . Hearing none. The Consent Agenda is before you. Can i have a motion at a second . Moved. Second. Next item, please forget housing update. Pathway to homeownership. Karen will provide this update. Good afternoon. Thank you for having me today, and welcome director quan glad to have you on board. Bob beck are leading our team to reach out to the community on Treasure Island that are eligible. I know we are working with data so things change and people move from the islands, we have 197 households right now that we are working with. We have directly interviewed all but six percent of them which is good. Even since weve updated bob weve had two additional people respond and interact. We are now down to 10 household that have not reached wanted it all. We are going to continue to work with them, our bigger team include who our Community Outreach and engagement socialist are going to help us talk about how do you get people to read on and what else we do to engage. We would talk a bit more about that. What are you doing . In the mode of our continued engagement we did offer an open house speaker, nancy pelosi one late may. There has been a big push to get as many people out to our open house as possible. We had four hours we headed over at ship shape, its a great read lots. Altogether we had the seven leaseholders, be a part of that. Its an informal set up we have table set up around the room, a welcome area where we can engage people, provide interpreters of necessary we had quite a few different areas that they could go to, or tables. One was all about encouraging homeownership and answering peoples questions. As you can imagine, it would be the first time buying a home and they have a lot of questions. We spent a lot of time talking individually with people who are interested in that. We also had information about what those might look like youd that is really exciting and people like to engage in that. We had information on future rental housing which is a little bit further away. As far as timing goes youd that helped people understand what the future rent might look like and what amenities be there in the building. That was a give and take and a chance to talk to everyone. One of the big push as we had in may was information about the cash Payment Option and you all agreed to offer the earlier, then was anticipated originally with additional housing rules and regulations. So far we have had ask people complete the process of signing an mou, and they are moving from the island we said that early in the cash Payment Option. And then we also had a table we were just encouraging people to sign up for the premarketing notices. Which is one of the rights they have and helping people understand why that is important. Part of that is making sure we have current Contact Information for every adult and family so we can go ahead and engage them when necessary. We will talk more about that in a minute. What we are focusing on this pathway to homeownership. Focusing on the 63 households falling in the income range. We have that information based on interviews with folks and followups with them. Right now we have individuals at Treasure Island advisors who are engaging them when i want and trying to understand more about what their interests are their needs. And the barriers they have pertaining to education. That is one third of our population are those folks that we really believe might have an opportunity to purchase a home. We are pretty excited about that. You all have seen this before, this is out of the Education Program that we are leading folks through. A lot of this information has been available to occupants on the island through flyers we have created an email blast that we have given them and letters we have sent. One of the first questions is, sure i am interested in purchasing a home but i dont even know what that means. One of the things we want everyone to understand is there is two products, we are going to meet housing and there are condominium that are available for purchase get some of those are for purchase at market rate. Some of them are available at below market rate. The very first ones we are offering are why din we have 14 of those areas thats really exciting, just like many of our community, how much is that going to cost . So we walk people through and we say, heres your target if your income falls between 70 and 130 percent we want you engage in this Education Program. What does that mean . What is your income . If you are at 80 percent of income and youre going to purchase a two bedroom this is a sample of cost estimating. The cost of that unit could be 230,000 dollars. Sometimes that gets people like oh, i didnt know that thats a whole different way. I might be able to do that. That is where we continue to engage people and we say thank you. Lets talk about what that means to you. And how you get there Education Programs. Here are some of the facts that we test out to people, because there is a lot of detail and we tried to make it so everybody can understand what those details are and what we are targeting is we are targeting the group between 70130 percent of income. People are just stating their income. We understand ultimately the homes we are having are going to be for people up to 120 percent of income. Peoples income varies so we dont want to miss out on people so we are broadening that. Some of the facts about it is there will be at least one person per bedroom. They absolutely go through a pathway to ownership. It takes a while to do that. We are trying to get people to engage with us and the process with us. We really need them to register for the premarketing notice this so we can say units are available, now is the time lets get going. Then they will have to make an offer to purchase the home. Then they will request nonpayment assistance from tida which is a great benefit they have available. We asked they will be able to purchase homes as early as 2021. One point i did want to make we do have more opportunities for purchasing homes in the future. These units are not the only unit we will have available. We will continue to direct home on Treasure Island in the future. We are really eager to fill these 14 with our people. The homeownership Engagement Campaign is really a brain farm of bob and marion. They really want us to make sure they are really focusing on the one third of the population that could potentially purchase homes are yet how do we do that . Right now we have 63 in that group that we know of. We are actively contacting them and engaging them and answering any questions they have and directing them to homeownership. We have 13 of those households that have already completed the six hour workshop that is required which is fantastic. That leaves our target audience for this campaign to be 50 households. What can we do to remove the barriers for them to get into education. What answers can we give them so they are inspired to say, i know this is hard, but this something we can do. Part of this Outreach Campaign that we are doing for the homeowners of engagement. We are going to continue with the outreach. Were going to continue to try to find out what barriers they have going to class, maybe it is the cost of going to a class. Maybe its the fact that its a sixhour class. Does that mean we can break it up into two different times per week. Maybe. There are those classes that are available. Is it a language barrier . Is it a childcare issue. That is something we need to explore to see how we can remedy that. In the fall we are going to have an open house that is typically directed to homeownership. The ones we have had in the past, everybody come, go to this table and we will give you more information. In the fall it is going to be civic to homeownership. We really want you to come, this is what we are talking about. We are really looking forward to that emarketing that to everyone and making sure we have a oneonone connection with them so they can come visit us area the y vi as a pre market event as a market contest and that will be happening late fall. Again the Treasure Island advisor, oneonone guidance for each household. Again, as i mentioned, we have 13 household have artie completed the six hour workshop. All of the information, this is not new information to them because we continue to provide information to the households on this. We are really trying to engage as many as we can. 13 have already completed it, and we have 50 more. The pathway that is interesting, might be helpful if anyone asked you this area there is a sixhour class they need to take, and walks them through what it means to be a homeowner in the project area then they get a two hour oneonone counseling. Then they can really sit down with a counselor that would not bs, thats a specialist thats it down and says this is what you need to do to become a homeowner in this campaign which is fantastic at the end of that they receive a certificate that says you have finished this. And then the next step is getting everything in order, and then eventually purchase a home and hopefully y vi. This is just a sample of the five organizations in the city that offer these firsttime homebuyer passes. As you can see in this, there is a lot of classes offered on saturday during the summer. They are six hours, theres a variety of languages. Some of them offer them, there is classes offered every month. New classes offered every month, this is just a sampling of whats available in july and august. Like i mentioned there are some classes broken up into 2three hour segment. We will continue to give them information on that. The premarketing notice list signup is again, the right they have to be notified when housing is available on Treasure Island. To date we have 108 leaseholders that have signed up for that. We are going to continue the campaign to get information out to people and encourage them to sign up with us. Here is the general calendar about where we are at. We are really strong on the homebuyer Education Campaign right now. Around october to december, later this year we are going to be sending out the premarketing notice list for market rate condos not the below market rate. It will be another year before we send out for the below market rate condos. We will continue to keep people involved and understand the process area and then the condominium will be ready for occupancy around mid 2021. As bob mentioned earlier, our goal is 100 percent leaseholder engagement by the end of the year. We really want to target that one third of the population that could purchase homes and get them involved in the Education Program. We want to fill those 14 units with our people. Summer and fall we are going to continue with our Community Engagement helping households understand the available options and a lot of that is just one on one with folks for one of our outreach effort and continuing to work with those who are interested in the cash Payment Option. We have six that have taken that option so far. This is the information for folks to reach us. We get calls every day in emails and we respond to folks within 24 hours we really try and engage them and answering questions that they have. That is our presentation for today. If you have any questions im happy to take those areas directors i will open it up to you. Thank you very much, that is a great presentation. I have a couple of questions. First of all, we would need a hard copy, and a digital copy of your presentation for this particular information. It is extremely essential. And to make sure you give that information to us. We share this information with a lot of constituents. Question number one, if for those individuals that are in the targeted group, how are we treating them. What is in it for them. What do we tell them . That is part of the education on open houses to date. Part of that is we have condominium available for purchase on the island at market rate, which is fantastic. We guide them through that. One of the basic right is that there will be Housing Available for rent on the island, and that their rent can be, the base of the rent they are in now is adjusted every year and one of the best benefits have is they can continue on the island in a new apartment and continue to pay the base of the rent. At the end of the day, to know where everybody is. [inaudible] again, pacific question or something, so when that arises we can just say this is where we are. You have this household, six that decline the interview. Have you developed a profile case on them . What we have, there is six percent, there is 10 altogether who have not responded to us area we do have a file for each household area documenting every house we outreach. When they do call we have information and we are able to respond to them. We can make that Information Available to you all. We are hoping that we wont need to because we are hoping we can engage those remaining 10 households pretty quickly. That is very important. Make it available to us, and the supervisor for that district. When we go back to the island that is when we truly hear from people that they have never heard, in two years to get it can power this commission to know what you are doing, if youre going the extra mile and if you are hitting everything, that is what we really want to know so that way we can engage them to protect you im sure the supervisor may want to have it, so when he does his town hall meeting he has all of that information. He can look at the list and say, you know, we reach out to you or something, it is very important to know. Thank you. Do you mind putting back the slide with the breakdown of the unit types that are available . Thank you. Just curious, out of these unit, this video, onebedroom, twobedroom and threebedroom what the ami levels are . Are you saying that any of these unit types you would be able to accept applicant from the one 20 percent ami level tranv so, the average ami, for the collection of bmr units would be 100 percent of ami. There is a process we go through with moh to set the price right for each individual unit. Some may be price at 80, summer 90. Some at 105, some at 120. Friends ands, one priced at 85, anyone from 80 up to 95 would be able to potentially qualify for that unit. There will be a variety of price points. The average will be 100 percent of ami. The price points for each individual unit have not been set yet thats interesting. For development in general, usually the ami level is set at the entitlement phase i assumed it was artie done. It sounds like it is yet to be determined. We will be look working with moh have to finalize. My followup question will be much more applicable. I was curious if we have any kind of Data Available of the 50 target on bmr qualifying leaseholders, whether or not we have fair ami red or income levels. The majority of our current residents who nullify for these unit are at 80 percent, we would probably want to consider driving more at the 80 percent versus the 120. That would just be helpful information i think the board to see, maybe in the coming month. We do have that, because those households identified on the incomes that they reported to ar ws. For each divisional household we know where theyre at. Generally speaking, they tend to be clustered around 100 percent with, you know, a normal distribution as you would expect. We do have people spread throughout the range. Just a comment to director richardson question earlier about the 70 up to 130 versus the 80 up to 120. The incomes that have been read it are selfreported. They want to reach out to a broader range so when we go through the actual income certification process, people may find that they actually earned a little bit less, or little bit more than they were visualizing in interview. People may be looking at decisions. If i met 70 percent and i, you know, pick up a second job i could get up to 80 percent. Some places where they might be able to make some adjustments that would allow them to qualify, if they understood what it would take. I would assume the island resident there ami spread is below the hundred percent. Obviously ami is 80 and income for the entire area. Within the range of those that fall between 80when 20 percent. The overall average, depending on what we are looking at twobedroom, threebedroom or fourbedroom. The average of those people that are within that 70130 range, it was a distribution across the range. In a competitive scenario we have one unit that is available that is video, and its available at the 80 percent ami. We have more than one applicant that qualifies. What happens then . Will go into the citywide pool of people that are qualified for Affordable Housing. When this first building comes up to marketing, the Mayors Office of housing will conduct a lottery as they do for all Affordable Housing opportunities. All of the Treasure Island resident that are in that pool will move to the top of the list. They will be in the order drawn to the lottery. Thank you. And then just out of curiosity, why are the premarketing notices for the bmr unit coming out to your later than the market rate. Im sure you have a good reason . [laughter] i will take that one again. Just because the premarketing for the market rate, the Treasure Island Community Development wants to start a premarketing wants to start early so they can do presales for the market rate, partially they have a much larger number of units to absorb. That is why the premarketing for the market rate will start earlier. Through the transitional housing rules and regulations, our resident have a premarketing window before tis ed can do any presales to the public. Whereas, for the affordable, our people will be at the top of the lottery. That can wait closer to occupancy. Thank you. Lets see, mr. Giutsi, do you have a question . The question is more around the price of the units will be. I understand they have not been set yet. Considering the price of real estate in San Francisco now, is it possible that the belowmarket rate is giving off some of the folks out that might be at 100 percent. I guess i just dont understand how the belowmarket rate price is going to be set . Bob is really much better at this area but we are trying to explain to people is the market rate units are market rate and that will be set by the market in San Francisco. The below market rate units, this is hard to get your head around, it is based on income. If we say a unit is available at 80 percent, for a household that has 80 percent area Median Income. Your that person, it backtracks and says what can you afford to pay for the dwelling . You take your monthly, which you can afford to pay, but then you multiply that out to decide what is the price of the home . What kind of loan can you afford if you are at 80 percent ami. It is accurate, especially if you have done real estate all of your life. This is different. It takes a minute to get your head around it. That is one of the reasons we are engaging with people is to help them understand. It is confusing. Actually, that makes a lot of sense. Even if you said the unit were, you know, if it 1,500,000 public unit and we will give it to you for half, it will 750,000 dollars to get thats one of the reason, we brought to the board in the past some great pamphlet that we have handed out. A lot of the things that you see on our Powerpoint Presentation we put into pamphlet, booklet form for flyer form so we can walk people through. We get it is confusing, we want to answer as many questions as we can. Just out of curiosity when you say there is about 10 eligible folks that have not responded at all, does not mean they told you, at some point, we are not interested, do not call us anymore . Or you just havent been able to get a hold of them. We are really trying it is here he is, right . A lot of people travel for work, or they are in school, could be a language issue. We reached out to the property manager on site to say, who are we missing . We are continuing to knock on doors with the flyers. We are just to keep trying, we are diligent. Last question, folks are preregistering, or can preregister for the premarketing list is that correct . Why would they preregister . Why wouldnt we if you are eligible when we just put you on that list . Because i dont have your email. So, easy to lose track area we looked at those groups too, we say, i need your email address i need the email address of every adult in your house that is interested in signing up for this area this is your right and we want to make sure that you get it. That is part of what we are doing. Thank you. Let me just some general comments. This is actually an Incredible Opportunity for low income families to purchase housing which will be millions of dollars to the market. It is being done because part of our housing requirement, and to develop which is providing the price at which these lower income families will be purchased is going to be less than the cost of action. It is an Incredible Opportunity. Its not for everybody. Homeownership comes with responsibilities of up, taxes, insurance. Im glad youre having these ownership education session so people can really figure out whether this is the right thing for them. Certainly we also have rental housing that is targeted to lower income families. Its coming online at Treasure Island. I think we have a Balance Program which is homeownership both that this gives a wide range of opportunity for those who are now living in Treasure Island. I really hope that the resident are going to take advantage of that wide range of opportunity. I do have one question, that is that the purchase of belowmarket rate unit, there are restrictions so that those units cannot be sold on the open market. We want to make sure that it not just for this current generation of lower income families but that they will remain in the supply for future generations. We need Affordable Housing. Can you detail a little bit about what those restrictions are upon sale. I can. In general, if i purchase a home, a condominium that is based on my income and i met 80 percent of income. When i sell that home, 10 years from now, the price i can market it adds, is to other people that are 80 percent ami. On the surface you might think thats not going to get me anywhere . 10 years from now, 80 percent of area Median Income will be different than 80 percent today. So, these classes, there are five organizations that partner with and they present this information in workshop. What we are giving you here are these mandatory six hour workshop that we were hard to take. Those x hours talk about what does it mean to get your credit ready. What does it mean to get a loan. What is a down payment. What are monthly payments