This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum
Consideration of legislative issues as well as developing an understanding and perspective on the house of representatives and its role in our government. This coverage may not be used for any partisan Political Campaign purpose or be made available for such purposes. Finally, i want to welcome todays audience to this hearing which we will be conducting under the rules of the houseof representatives. And the committee on Financial Services. This hearing is entitled examining the homelessness crisis in los angeles. I now recognize myself for five minutes to give an opening statement. Again, good morning to everyone. Welcome to the committee on Financial Services. Field hearing. Again centitled examining the homelessness crisis in los angeles. This is our first full committee build hearing about 116 thomas. I would like to thank the California Africanamerican Museum and of course the executive director that you just met, George O Davis for hosting todays hearing. This mister chairwoman o
Serves a low income and water and come is very important. You have people that come in and say, Pay Attention to us. And you have people that are paid to bump the department about getting the project through. The Planning Department, in my perception, listens to the group of people who they want to get the permits approved very fast without any real input from the public. And you are it for the Planning Department. You have a role to play to tell the Planning Department, Pay Attention to the people that are really struggling to stay in the city to get housing that is affordable to them, not housing affordable for people that are dumped from the buses from Silicon Valley into San Francisco. We are building the housing and everywhere in Silicon Valley. If you dont acknowledge that, you are not really paying attention. You are about to have the first hearing ever on a 43 site project. Theres nothing available. I have been bugging the department. And you are going to approve the project. Y
Workforce development, we cant support programming in our organizations and our neighborhoods. Our organizations help residents and provide Wraparound Services and resources but at a minimum level due to resources. Were helping them find jobs and get healthy and thriving in their own neighborhood. We need your help. We cant do this alone. Homelessness is a huge program in San Francisco and we need others to get jobs to provide for their families to ghet the off the streets. This funding is crucial to help us meet our goals and we ask you for funds to help us end homelessness. Thank you. Good afternoon, supervisors. My name is lucio rivera, and i would like to thank you, but i would like to thank Hillary Ronen for her fight to save the restaurant temple, and thats what im speaking out for. Some of us, we dont have anyplace else to go when it comes to the mission district. Weve got a place right there where we call home. And if the red building goes away, there goes our place, our sanctu
70s and low to mid 80s. We are looking for the temperatures warming up through friday and into the weekend. We will talk about what you can expect for tonight on the futurecast, coming up. Taking a look at the bay area freeways. We are tracking one accident along the coast. Highway one at tunis creek road. One lane is blocked in that area. You can see that speeds are still in the green because not a lot of people are on the road this morning, because of the holiday. Taking a look at the dublin interchange. We do see some cars in both directions, it is not looking bad and no delays as of now. The bay bridge toll plaza, it is 5 00 and you can see it is a holiday. This is how you can tell by looking at the bay bridge toll plaza. Not hardly any cars going through their people make their way from east bay into San Francisco. This is a look at the mass transit. Caltrain is on a holiday schedule. Bart and muni on a sunday schedule. A car slammed into a powerful about three hours ago endowing