You look at the distribution of units santa clara approved almost 19 hundred singlefamily unit and krois approved 15 hundred and alameda approved 12 and alameda and krois have approximately 5 hundred thousand more residents than San Francisco and over 16 percent we only had 35 houses approved as singlefamily homes the reason people are leaving is because of that in parts of San Mateo County donates notice o not on the tables youve presented but on page 36 we have a shortage of Los Angeles Police department with you should make sure we build the kind of housing that families need and not try to cram too much on the parts of the land. And i was happy to see the big increase in affordable in this particular year as you mentioned unfortunately almost all of it is low and very low but theres very the being built for the middle only 10 percent for the Affordable Housing within the 19 percentage actually and people that make a little bit more their housing is not counted as Affordable Housing
Do it and what kind of financing is out there. Commissioner antonini. In terms of the whole question of future affordable even under construction theres a couple of big projects on valley part of transbay it has a higher percentage of affordable ii dont know. 35 percent. So you, you look at the approvals being done for transbay theyre going to be quite a few of the buildings that will be housing eye and 33 percent affordable by itself there are Oakland Army Base other areas of the city that staff can comment on that have those similar kind of qualifications for the percentages built. Okay. Thank you for your report. Thank you. Commissioners that places you on general Public Comment not to exceed a period of 15 minutes. At this time, members of the public may address the commission to the public that are within the subject matter jurisdiction of the commission except agenda items. With respect to agenda items, your opportunity to address the commission will be afforded when afforded whe
The mayors goal and try to approve projects when we can commissioner sugaya. Yeah. Id like to on table 19 on page 22. Maybe its definesal b you al take 2013 we have a total of seven hundred and 12 units and a total of all new units at the 2439 my question is how does 2499 compare to table 21 on page 6 if you take 2013 i dont see where 2239 orients this is for all units that were produced looking at the positive. On table 2 units completed from new construction its not a correct number. That must have been a mistake so. It kicks up, up higher. One last question from 2009 to 2013 commissioner president wu pointed out the affordable it 22 percent is that expected to continue given the Mayors Initiative given the inclusionary the inclusionary percentage has dropped because of the veto so do we have any idea this can be sustained . Its a hard question the mayors goal is to sustain thirty percent a number of projects in the pipeline the question is its hard to know but the housing truth Fund
Operating under those circumstances. Miss wertheimer has the opportunity today to inform us how she will handle these exceptional challenges. I look forward to hearing from each of ou nominees on these important issues and more. Thank you, senator. There is an 11 00 vote scheduled for them. Its the law of sufficient time to allow questions. We have agreed to limit Opening Statements to the chair and Ranking Member. All senators will welcomed to submit an Opening Statement for the record. Senator curnan will now introduce mayor castro. Thank you mr. Chairman and Ranking Member crapo. Its my pleasure to be with you here today to introduce a fellow san antonioian and texan mr. Castro. He has told me that hes glad to be here and looked forward to your question buzz he especially looks forward to being back in san antonio to help celebrate the victory of the San Antonio Spurs which that celebration is still going on and will for a long time. I know he will take the opportunity to introduce
Ms. Wertheimer, please proceed. Chairman johnson, Ranking Member crapo, members of the committee, thank you very much for the opportunity to appear before you today. I am honored to be president obamas nominee for Inspector General of the federal Housing Finance agency. And before i begin, id like to introduce my family, who has accompanied me here today. My husband, andy pincus, our daughter, kate pincus, my steadfast mother, sidelle wertheimer. My inlaws walter and ann pincus. With that, let me get to the meat of what id like to say in my statement. The fhfa plays a crucial role in our Financial System as the safety and soundness regulator of fannie mae, freddie mac and the 12 regional federal home loan banks. To ensure they operate in a safe and sound measure and serve as a reliable source of liquidity and funding for Housing Finance. And as senator crapo mentioned, since september 2008, almost six years now, the agency has acted as conservator for fannie mae and freddie mac, to pro