In citywide fees, 77 in central soma fees and in our case and many of our peers have similar fees, 79 of project fees and concessions. Thats over 200 of concessions in the project. If you look at the numbers that mr. Eagan just presented if we are building 430,000 square feet a year and lose 120, the job housing linkage fee would be the same but you would lose 200 per square foot or 24 million per year of public benefits. We urge continuance and continued dialogue on this one. Thank you mr. Shannon. 2700 block of california is it about scott street . I would pose to you those people are actually going to tech jobs on the peninsula and had the peninsula built housing, they would be living next to their jobs right now. The floor is yours. Thank you supervisor. Mike from realty corporation. I completely agree that none of you who support this measure are trying to eliminate jobs in San Francisco. That was a good clarification. The goal is to generate revenue for the city of San Francisco.
Office growth. Its not at all connected to or analyzing the pipeline that we already have. Because we know that there are very large projects that are jumping all over each other to try to take whats available under prop m which is expected to at least in the next few years, in the near term, be a lot higher than much closer to the full prop m. I think the challenge we have now is having enough, year over year, because theres way more than the 950,000 that we have available. So i want to be clear the analysis is not connected to the actual pipeline that is existing now. Its based on the past and tends to be a long term forward look assuming the citys economy is as favorable as its been over the past 20 years for office. And to the extent that we bump into the prop m limit, the impact of projects being infeasible above that limit or rendered infeasible by this increase would not have any impact. They would simply be punted into the next year or at some future point when Market Condition
Members will have five legislative days within which to submit materials for inclusion in the record. This is entitled the future of housing in america, oversight of the department of housing and urban development. I now recognize myself for three and half minutes to give an Opening Statement. Today we welcome the 17th secretary of the department of housing and urban development, doctor ben carson for his first appearance before our committee. Welcome. At least in one respect, he may be among the most qualified individuals to ever serve as hud secretary. Why . Because secretary carson was raised by a single mother who had a third grade education. He grew up in poor communities in detroit and boston that he lived in multi Family Housing with boarded up windows and doors, surrounded by sirens, gangs, and murders. Not only does he understand poverty personally in thi viscerally, he understands what it takes to escape it and he i passionate about helping others escape as well. He also unde
It will come to order. Without objection the chair is authorized to declare a ressz of the committee at any time. All members have five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Entitled the future of housing in america. Over sight of the department of housing in urban development. I recognize myself for three and a half minutes to give an Opening Statement. We welcome the 17th secretary of the department of housing and urban development. Dr. Ben carson. For his first appearance before the committee. Welcome sir. In one respect he maybe among the most qualified individuals to ever serve as hud secretary. Why . Because secretary carson was raised by a single mother who had a third grade education. He grew up in poor communities in detroit and boston. Lived in multifamily housing with boarded up windows and doors. Surrounded by sirens. Gangs, and murder. Not only does he understand poverty personally, he understands what it takes t
It will come to order. Without objection the chair is authorized to declare a ressz of the committee at any time. All members have five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Entitled the future of housing in america. Over sight of the department of housing in urban development. I recognize myself for three and a half minutes to give an Opening Statement. We welcome the 17th secretary of the department of housing and urban development. Dr. Ben carson. For his first appearance before the committee. Welcome sir. In one respect he maybe among the most qualified individuals to ever serve as hud secretary. Why . Because secretary carson was raised by a single mother who had a third grade education. He grew up in poor communities in detroit and boston. Lived in multifamily housing with boarded up windows and doors. Surrounded by sirens. Gangs, and murder. Not only does he understand poverty personally, he understands what it takes t