Thank you everybody for coming. I im a visiting fellow here at coi and f we are here for a gret conversation. It will be a conversation tonight about nationalism, family and fatherhood and the excellent new book i love, my father left me ireland by Michael Brendan dougherty. In some ways this is different from what we do from what i used to. Im a scholar here at aei and fear of the American Enterprise institute forar Public Policy research. We do lots of social science studies and in fact, social science studies get a bad name in my father left me ireland, but in a way that highlights what we have in common. It is often as he puts it a nation today in the modern way of thinking is often come up with, at best problematic. It is best problematic as an administrative unit. That section is tipped off by talking up singing to his newborn baby over and over again in the same songs. The wind that shakes the barley and even the game i tried to sing in the global byway i also sing my children t
Outlined at the Central Banks Monetary Policy before the Senate Banking housing and urban affairs committee. He also talks about the state of the eco inflation, Interest Rates and bank Capital Requirements. This is two hours and 15 minutes. If you would like to give it again you could certainly dor that. The fed has power in shaping our economy. Your job is to promote stable and maximum employment. Today the cost of living is still too expensive for most americans. The fed has one tool available. That tool does nothing to address the cause for wide costs remain too high. Corporations price gouging to boost profits and make the shareholdersrs richer. Higher rates of doomed force, higher Interest Ratesont ons to lower but high Interest Rates are rising housing costs hindering wage growth stifling Small Business that. Now is the time for the fed to decide whether its going to make good on its commitments into families by lowering Interest Rates and the Financial System from wall street ex
you see that every day. how ow many members of congress who voted to expand the police powers od tof the irs don t payn their own taxes? more than a few. w how many politicians sup who fervently support gun control have armed bodyguardst o that you pay for? well, let s see.r? every single one we could go on and on and on. whatever they re demanding thato you do this week, you can be dead certain they are notbe doing it themselves. everyone notices us . it enrages people, but it s often misinterpreted people say. this is hypocrisy, but it sit sp not. it s privilegrivileged.e. when nancy pelosi walks into her hair a point without a mask at the height of the covid, no lockdown s, it s not because she forgot to bring a mask. noe fo, she knows exactly whate she s doing. nancy pelosi is affirming her position iorder.n social order. nancy pelosi is in charge. you are not. nancy pelosi can do whatever she cares to do.ca you can res to dt. that s the messages is she s sending an
That commissioner safai has expressed. Our office funds and oversees compliance of a number of programs that serve households at 60 of ami and above that sara mentioned before. This includes funding new construction, Affordable Housing rental projects, preserving existing rentcontrolled housing through our smallsites program and Home Ownership loan assistance to middleincome households and we oversee the citys inclusionary program. So before i go into the specifics of these programs, i want to give you an overview of what Funding Sources our office has in serving middle income household and constraints for expanding what we can do. So the primary forces of funding we rely on to serve households 60 above ami, Housing Trust fund and 2015 housing bond. The Housing Trust fund allows us to serve households up to 120 of ami for production and rehab of Affordable Housing. We do set aside 10 of those funds for small site preservation. We also fund downpayment home assistance for firsttime home
Housing. We still have a lot more work to do, but relative to many parts of california and probably most cities in california, weve done exceedingly well, but we still have a significant amount of work to do. In the area of households between 55 and 150 to 175 a. M. I. , or socalled work force, middle class housing, weve done extremely, extremely poor. And one reasons why is that we, our market in San Francisco, has always taken care of that Housing Stock in the housing sector on its own, the richmond, sunset, always been areas and many more of San Francisco that took care of working and middle class families, but and this in many ways, this hearing is a continuation of the c conovversations that we had to talk about the housing and the focus is what are we doing to expand and fill in the gaps where the socalled missing middle or middle and working class families and low income are being left out of the conovversatio conversation. When homes are going far north of 1 million, we know we