That amount. The housing subsidy is about 231,000. As you can see on page three of our report. We recommend approval. Thank you very much. Lets open this up for Public Comment . Seeing none, Public Comment is closed. I see no questions or comments on the roster. I would like to move these items to the board with a positive recommendation and we can take that without objection. Thank you for the presentation today. Can you please call item number nine . Nine is a resolution authorizing the Mayors Office of housing and Community Development to submit a Grant Application for the California State Department of housing and Community Development for funding in the amount of 5 million under the cal home program. Thank you very much. His gene here . Im with the Mayors Office of housing. Please speak into the microphone. We are trying to apply for a grant on the state of california for 5 million, which is to bring 5 million for firsttime homebuyers. [indiscernible] thank you very much. Is that
We a. M. , the Senate Continues debate on the war powers the hearing will come to water. Senator brown has been delayed, but i will go ahead because most people realize we had to readjust the time of this hearing for those who have been called on the floor. That means the senators will need to really stick to their five minutes, and even then we may not get through for everybody and i apologize for that. Im sure that senator brown and i will stick around 15, 20 minutes into the first vote so we can go around as long as we possibly can. I will wave my questions. But i will start with my introductory statement. Welcome, chairman powell. Today the Federal Reserve chairman Jerome Powell will update the committee on Monetary Policy development and the state of the u. S. Economy. The u. S. Economy continued to expand in 2019 come exceeding 2 growth for the Third Straight year. The American People have enjoyed the longest continued economic expansion in american history. The labor market is s
Representative lisa grady. We can answer your questions. There is no bla report. Lets open for Public Comment. Any members of the comment to comment item 4 . It is now closed. I would like to move to board with positive recommendation without objection. Thank you very much. Having said that, we are going to now recess this meeting and then we will reconvene after inauguration of mayor london thank you very much. Ondon this is the january 8th, 2020 meeting of the budget and finance committee. We are reconvening now and supervisor mandelman will be joining us shortly. Thank you for the patients showed joke your patience as we recess to see the mayor being inaugurated. Madame clerk, can you please call item five and six together . Resolution authorizing the execution and delivery of a multi housing revenue and in one or more series in aggregate for providing financing for the construction of the 108 unit multifamily rental Housing Project. Item number six is a resolution approving and aut
I will start with that right now. Welcome kevin foul today the Federal Reserve chairman will update the committee on Monetary Policy developments and the state of the u. S. Economy. It continues to expand in 200019 exceeding 2 growth for the Third Straight year. As the American People enjoy the longest economic expansion and history. The labor market is strong. Rd with the Unemployment Rate at 3. 6 remaining near half century low. Wages also grew in january by 3. 1 percent from a year earlier. Making it 18 consecutive months that pay has grown. According to gallup trends. Nearly six in ten americans are 59 now say they are better off financially than they were a year ago up from 50 last year. That reform in 2017 and rightsizing regulations including under the Economic Growth and regulatory release have undoubtedly helped fuel the Strong Economy and labor market. Americans are set to benefit even more when considering the effects of the u. S. Embassy a. T despite the substantial progres
Madam clerk, do you have any announcements . Pleplease silence your cell phones. Items today will appear on the january 14th agenda unless otherwise stated. Thank you very much. I want to welcome everyone to the first Budget Committee meeting of 2020. I did want to note the committee will be recessing today before 11 00 a. M. So you may attend inauguration of mayor breed. We will reconvene after the inauguration to finish the agenda. Can you please call item one. Resolution approving and authorizing 50 year lease with one option tone the Port Commission and tzk broadway llc at seawall lots 323 and 324 with a minimum base rent no less than 1 million to commence following board approval. We have with us today rebecca. Thank you. And your assistant Deputy Director of Waterfront Development for San Francisco port. Good morning. As chair fewer said i am with the port. I am proud to represent the project team today. The resolution before you authorized a 66 year lease for hotel and theater a