Thanks. Any other questions . The only comment that i would make is that i see that the developer has achieved a 98. 8 sbe participation for services and that the 98 are San Francisco based sbes. Thats amazing. Thank you. No more questions . Do i hear a motion . I just want to know about the babysitting job, what do you call that . Child care senor. How much do you charge per child . Do you have any idea . Center. How much do you charge per child . Do you have any idea . We dont know yet. That will depend on how many slots they can bring in, but it is anticipated to be a blends of both subsidized an market rates so i dont know if that answers your question, but thats what we know so far. Its good enough for me. Do you happen to know what market rate is . I dont want to venture because my children are no longer little, but it was very expensive. I actually dont know, but i think it is quite expensive. So when you say subsidized, what does that exactly mean . I will have sharon i assume
With that, id like to ask elizabeth to start off this presentation and shell also be joined by courtney, the transbay assistant project manager. Good afternoon. Im elizabeth, Development Specialist and im here with those two requests today. I did want to mention that in the rezs theres a change. Now back to the project. The project will be an affordable 85 unit family project and will include a child care facility and open space. This project is part of a larger master Block Development in the transbay redevelopment area. The transbay redevelopment project area was adopted in 2005 with the purpose of redeveloping 10 acres of property that were owned by the state of california to generate funding for the transbay Power Authority to construct the new Transbay Transit Center and meet the Affordable Housing requirements. 8812 is an enforceable obligation that requires ocii a Successor Agency to the San Francisco redevelopment to ensure that theyre affordable to an occupied by very low, low
Fully developed by mercy housing. Have they done any project with us before . Golab, i dont believe so. Block six and seven was the first project, the first rfp that was issued prior to dissolution and that was awarded to the team golab and mercy. Theyre based out of chicago, although theyre fully compliant with our local hiring professional services and hiring goals. Okay. Commissioner mondejar. Id like to hear from mercy housing housing, do you have any comments . Good afternoon commissioners, im Barbara Walker with mercy housing. Id like to tell you were thrilled to be here before you on transbay. Our transbay block Six Development as elizabeth mentioned is well under construction, scheduled for completion next fall and as soon as that ones finished we hope to start on block seven so i would be happy to answer any questions you might have of mercy that might help you in your decision making. Thank you. Thank you. Thank you. I just had a small question, just one out of curiosity beca
Okay, so now to business more business i should say please call the next item. Items 5g and h will be presented together, but acted on separately. Item 5g, authorizing a Loan Agreement with mercy housing a California Limited Partnership in an amount of 3,382,000 for Affordable Housing units at 222 beale street on transbay block 7 pursuant to the California Environmental quality act. And item 5h, approving a revision to the transbay block 7 Schematic Design package originally approved by the commission on april 16, 2013, to reorganize some of the ground floor uses to create building efficiencies and increase from 77 to 85 units and making environmental findings pursuant to the California Environmental quality act, trab redevelopment project area, discussion and action, resolution number 712014. Madam director. Thank you. Commissioners, as you know in the transbay district where you have land use, contract and design authority, the transbay district has requirement for 35 Affordable Hous
With that, id like to ask elizabeth to start off this presentation and shell also be joined by courtney, the transbay assistant project manager. Good afternoon. Im elizabeth, Development Specialist and im here with those two requests today. I did want to mention that in the rezs theres a change. Now back to the project. The project will be an affordable 85 unit family project and will include a child care facility and open space. This project is part of a larger master Block Development in the transbay redevelopment area. The transbay redevelopment project area was adopted in 2005 with the purpose of redeveloping 10 acres of property that were owned by the state of california to generate funding for the transbay Power Authority to construct the new Transbay Transit Center and meet the Affordable Housing requirements. 8812 is an enforceable obligation that requires ocii a Successor Agency to the San Francisco redevelopment to ensure that theyre affordable to an occupied by very low, low