Rejected. So my colleagues and i have been working with a wide variety of stakeholders, including many of you, to simplify things moving forward. Case in point is the qualified Residential Mortgage rule. As all of you know in august, six federal agencies including hud proposed a revised version of qrm to make it equal, qm. This is a direct result of the feedback weve received since the first proposal in 2011. You told us it needed to be refinded, and we listened. Refined, and we listened. Now our rule now some of our critics have called this a dilution of our rule. But as you know, qm itself is a very strong measure, as im sure director cordray will confirm later in the conference. And were confident that this will find the right balance between responsibility and opportunity moving forward. Another example of proper coordination is huds qualified mortgage rule which builds off the qualified mortgage definition set forth in cfpbs final rule. It extends the cfpb patch defining loans tha
Ceo,cular, the former nba nbi state and the a stabilized. Nbi is on the upward trajectory. I want to help accelerate that growth. I want to see nba posses of effectiveness, on display every day in washington dc, spread throughout the country. To the d. C. Audience, we are to. Ed donovan, richard, ed demarco, elizabeth warren, just to name a few. We have achieved a seat at the table and work hard every day to approve our image. However, the public at large remains skeptical. Outside the d. C. Elway, we still have much more to do. We must improve our image and relationship with communities must be considered a reliable partner for borrowers to achieve the dream of building and growing businesses. We must go beyond d. C. And are aith our state are our connection. Nba formeds year, its Diversity Inclusion committee. I want to build on the excitement the effort has created among our members. Launched its, nba open stores foundation. Paymentvides mortgage assistance and now rental payment as
To the tenant. I i know in terms of ellis evictions and threatened ellis act evictions theyre done by large new real estate investigators and long time landlords. We know that a significant majority of the ellis evicts theyve not owned long so senator leno will prohibit of the ellis act evictions with fewer than 5 years of ownership but all the evictions are problematic and so i think thats important to keep that in mind supervisor kim. Thank you for supervisor campos office for the work on this legislation. At the minimum wage costs should be to reflect the current market and inflation. Were certainly seeing here 90 in San Francisco this the the rent increases are above and beyond what weve seen and its been articulated where land is quite valuable. Its important we keep up with the times and sure a level of stabilization for our tenants fatiguing eviction. I appreciated the members of the public who shared their stories picture its important to remember the experience of eviction is
Public comment is closed. So i want to thank everyone for coming out today and for the folks who presented at the beginning. So supervisor campos you had proeptsd amendments before you described those amendments should we do you time to comment on the amendments or should we we can have a motion to accept the amendments actually supervisor jane kim supervisor kim do you have a motion. No, just a motion to take the amendments. Supervisor kim has moved to adapt the amendments as proposed by supervisor campos and weve take those amendments working class. Supervisor campos. Thank you to the committee for listening to this item and thank you all the tenants and advocates and the Community Members that have come out for this hearing. I think it was very moving to hear the testimony especially from people who are fatiguing eviction thats not easy to talk about. Let me say that i know that a lot has been said about the hardship and the need to protect the small landlord i think this legislatio
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