Of your section 8 amount than you would be of getting 100 of the amount eligible under section 9. The one big difference. The other big difference is the popularity or the supporters of section 9 versus section 8. The supporters of the section 9 are the residents of Public Housing and Public Housing authorities. The supporters of the section 8 Program Includes suburban jurisdictions and developers, and tenant advocates and a variety of other people that have more sway at the federal government level. So those resources are more likely to be there in the long term than the resources based upon the section 9. And that is another huge, huge difference. In terms of taking advantage of the situation and the realities of the situation. Its not necessarily fair. Its not necessarily just. But for us to be able to move forward we need to take advantage of that situation. The other thing that section 9 doesnt do is it has not funded any new Public Housing forever. And it has not funded any new m
The lenders a s ans and investo used to projectbased rental vouchers. In the 80s there was lots of projects with projectbased rental assistance vouchers. And in San Francisco after the 20year cycle, the lenders and the investors are very familiar with this tool. They can underwrite with this and buy credits based on it, they couldnt do that with that section 9 financing. This is part of reason this is part of the solution. In terms why we are looking at rental assistance demonstration program. And the other part, the rental Assistance Program comes with an obligation. We will talk a little about the rehab obligations and the tenant obligations. And one of the reasons, to take part of this program, you need to be obligated for 20 years. And we have to put more money and we have to increase the Housing Quality in these units. Therefore a part of this, and i wanted to answer the question about whether this is a demalatide demoliti demolition. Absolutely not. This is a rehab program. There
Entire group of agencies that are sitting here with me beginning with board president david chiu our school board and assistant superintendant gerrero is here and our wonderful Housing Authority and its commission is here we have so Many Community groups from the school board to the Community Agencies that want to see you succeed and naeksz in addition to recognizing our efforts in graduating this 2014 year were making sure that we introduce you to ail the different resources so you understand that it you are full residents of our city and making sure you succeed so how about a good paying summer job anyone want a good paying job yeah. Well, weve got those jobs to transition you i want you to think about your College Ability as well because the differences in income between someone that graduates from college and someone that didnt its over one Million Dollars in our professional life so join the Million Dollar club and make sure you take care of that if its not immediately very soon i
It also has many birds to watch. It is a place to find and appreciate what you a wonderful breath of fresh air. Come and experience in this park and enjoy the people, picnics, and sunshine. This is a lovely place to take a stroll with your loved ones. In the middle of pacific heights, on top of these hills, it offers a great square, a peaceful beauty, large trees and grass and greenery. It features tables and benches, a playground, restaurants, and tennis courts. There are plenty of areas for football and picnics. It is very much a couples park. There are many activities you can experience together. Stroll on the pathways, bring your dog, or just picnic at one of the many tables and enjoy all that it has to offer together. Many couples find this is a perfect park to throw down a blanket and soak up the sun. It is a majestic place that you can share with someone you chairs. Lafayette park is also easily accessed from the 47, 49, and 90 buses. It is ada accessible. We are here at the his
1990s low income and latino families were faced with the threat of disparity so we decided it metro a needed to expand hiss its services for homeownership counterand closer invention and in subject years weve added free tax and Workforce Development resources. Metro a new provides services to over 7 thousand families annually. We take a holistic integrated Service Delivery because were dedicated to insuring that latino families get all the resources they need to be successful. The Mission Promise neighborhood is based on this philosophy of integrated approach to Communities Development the promise of the Mission Promise neighborhood is that all students and all families in the Mission District will be successful both academicly and economically in the Mission Promise neighborhood we believe that economic success is that fundamental to academic extensive and the Mission Promise neighborhood were working on both. Its my pleasure to introduce to you mayor lee. He and his office have long