Director. And checking on the giants full squad workouts. Good morning and welcome to the 9, a little chesney for you. Such a beautiful venue. Good morning, everyone. Big day in nevada and big day in San Francisco. We had a guy who tried to blow through the car pool lane and got chased on to the bridge. He didnt make it far. Some people may be a little late. Chp said, sal, best chase description we have heard so far. Thank you. Well be talk about the important issues this morning. As a matter of fact a handful of San Francisco supervisors will propose an amendment to tackle the citys housing crisis. They are asking for an increase in the Affordable Housing requirement to go from 12 to 25 . Supervisor, good morning to you. Good morning. Lets get right to the example for the viewers. If im a developer and i want to build something, say 40 units, if this is approved by the voters of San Francisco, 10 of the 40 units would have to be Affordable Housing . Can we do 100 units . 15 of those u
The city of San Francisco sfgtv meeting for the rules committee for february 16, 2016 will begin shortly. [gavel] all right good afternoon everyone. Welcome to our special rules Committee Meeting of february 16, 2016. I am katy tang chair of the committee. To my left i have Supervisor Malia Cohen and to eric mar and joined by aaron peskin today. Our clerk is derek evans and i would like to thank our sfgtv staff. With that clerk do you have any announcements . Thank you madam chair. Please silence all cell phones and electronic devices. Completed speaker cards and files somebody submitted to the clerk. Thank you and i know both items on the special committee is related but we will call them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibil
Francisco or protective housing through acquisition offer low and moderate income households. No we build an additional percentage for middle income house look at the voters are demanding an action plan, not just a goal and doubling the current Affordable Housing is part of the plan. 25 inclusionary Housing Ordinance is doable. It again instead of pain are low income and middle Income Housing needs against each other this measure addresses both needs adding a second here to the inclusionary housing requirements in the form of the 10 for middle income households. This moderates inclusionary promise just like Construction Costs developer fees Interest Rates and any other cost to build here in San Francisco gets factored into the cost of land. Over time, the market and financing will adjust to these new requirements. As we confer value to the land is still in San Francisco we wanted developers to share this wealth and value back to the community by building as much affordable and middle I
Welcome to the tuesday february 9there is echo on this. February 9, 2016 meeting of the finance committee of transportation authority. Im eric mar and to my right is london greedbreed and to my left is norman yee. The clerk is steve stomose and being broadcast today by [inaudible] and charles kremenak. Any announce mentds no announcement; breed present. Campos, absent. Commissioner kim, absent. Commissioner mar, present. Commissioner yee, present. We have quorum. I forgot to say [inaudible] happy year the mungy everyone. Please call the next item consent calendar items 2 to 3 are considered row teen. Staff isnt [inaudible] present if desired. If a member objects the items may be removaled and considered separately. Thank you. Lets open up for Public Comment. Anyone want to talk about the minutes . Seeing none Public Comment is closed. Motion to approve the minutes. I have a question. Y r i wasnt at the last meeting so need to rekoos myself from voting on the minutes. It looks like we d
To revisit and see if we can semester the possibility of putting praits costs back in so it will be same thing the tdif can be spent on operating i have a number of amendments colleagues that id like to offer to the tsf legislation but for one think that the extra 2 for projects over one thousand square feet are sustainable is financially not stop housing thats been expressed in the Economic Feasibility study and quite frankly that was done in 2012 with the discussion began and i realize a lot of work has been done by any colleagues and the legislatively branch and the other agencies but well have that 30 million youve seen in our pocket now. Thank you. Thank you supervisor avalos. Thank you well, this is actually, i worked on multiple methods of raising money for muni this is not the only way im trying to raise money for money as supervisor wiener indicated and ill again echo my comments and, of course, supervisor peskin comments these fees we fell short of the kleenex of those fees b