Good morning. Welcome to Worldwide Exchange. We have two hours together. Right now on the wires, we are just looking at the ecodata hitting. And just a note from my producer, my wire has just gone down, so we are looking at the german Business Climate falling for the month of august. Revisions to july indices are seen as well, but the Expectations Index coming in at 101. 7 for the month of august. The Consensus Forecast was for 102. So the Expectations Index a little bit light. They are stating no revisions to the july indices. And again, the Expectations Index coming in just slightly light. Current conditions, 111. 1. Which means that were also looking at that particular reading being a bit light as well. Not by much, but we are still seeing a bit of a drop there. Lets talk a little bit about the markets. We are seeing the euro dollar at 1. 31, just shy of where we have been the last few sessions. Down the line we are at the hag hague. Good morning this morning, how are you . Good mor
To summarize programs that we have available through the office that focus on neighborhood stabilization. By way of overview, i am going to and i have a presentation, here. To come up. And i have provided hard copies to you and i believe for the public as well. I have provided hard copy to you and i think that there are some out for the public as well. And we have three broad categories of programs that i am going to reverse the order. And we have the programs that focus on preserving the rent controlled and the units for the existing residents and we fund the prevention programs and in the event that an eviction occurs, we also have housing preferences for tenant whose have been evicted using the ellis act. And well i will quickly run through these and if you are watching take my word for it that there is a presentation and i can email to anybody. The ellis act, housing preference, provides priority consideration for income eligible applicant and that is cross the housing and, that is
At your preference . I think that we will be okay at this point. Any highlights that you want to communicate to the public as well . Only that this is not new authorization, it is delegating authority to the commission to enter into these Loan Agreements rather than coming to the commission that is the only change. Okay. Supervisor tang . Thank you, i dont actually have any particular questions i was a cosponsor on this item and i think that it was a Great Program that was going to be able to participate in. And so perhaps if you could share with us or the budget analyst will share us with the cost saving because we are entering into this kind of a loan program. I would be happy to and i would refer to mr. Rose to speak further. We have the opportunity to issue loans at approximately half of the cost, that we would enter into for a revenue bond issuance, which at the present rates would be approximately 2 percent and what that means for the rate payer will be if we issued 100 million i
Eviction prevention investments we provided Legal Assistance as well as legal representation and we provided households with the tenant counseling, and we did provide 500 households with short term rental assistance and third and last category of the program is focuss on preserving the rent controlled buildings as well as these restricted Affordable Housing and this is geared toward current tenants and the First Program that i want to highlight is the Small Sites Program which has the goal of stabilizing the housing for tenant and that is rent crold and we removed the rent controlled buildings from the market by facilitating the purchase by a nonprofit and then the conversion of those units to be restricted affordable units. And the landlord has already filed a notice and certainly that building will go to the front of the line but also the buildings that are located in neighborhoods that are known to have a high level of evictions and have tenants with vulnerable population and low in
Metropolitan Commercial Bank , a New York City-based full-service commercial bank, announced today the further expansion of their Title and Escrow Deposit Vertical with the appointment of two veteran. | May 17, 2023