Fee from the Mayors Office schedule. Its barely enough to compensate them for two things. One the time they take on the development and the risk. These developers in San Francisco are guaranteeing that tax credit equity and the repayment of the debt on the property. And in exchange they get less than the maximum developer fee, because thats the citys practice. And they get a restricted cash flow, because thats also the citys practice. And in part because we subsidize those developments or heavily. The developers are doing this in part, because they are part of the solution and part of Affordable Housing system as the case may be. And trying to assist the Housing Authority in this process. What other structures make San Francisco unique, you referenced in the rfq, and talked about we have providers, and what else in terms of financing . Its the financing, what the board has put in my budget. Its what the voters have authorized as prop c. Its our history of supporting developers as they
Eviction protections. Will have the same affordable rents. Will maintain the same grievance procedures, and maintain the right to file complaints with Housing Authority and hud. There was some mention about the wait list. This remains a centralized wait list with some modification. Residents on the wait list with identify specific sites they wish to be preferenced for, but its a sprlized centralized wait list. Just to point out the same protections and the same standards, is that going to be codified . It would absolutely be codified at some point, whether in the Land Agreement or loan agreement, it would be codified. Are we able to apply a citywide standard as well . Our goal is to do the best practice. Whatever they are. We will work with the tenant adsoicaa advocat advocates, with the tenants themselves. This is an opportunity to change things, to blur the lines between affordable housing. And take the opportunity to figure out what works best. And we talked about transfers from one
We have spent a little time talking with the questions of transfers. And i think the questions of transfers is really a fu fundamental goal of getting residents in the right place. Whether its seniors who need more intensive housing. So they need to go from Public Housing to Senior Housing with ground floor adult bay. So they can stay independent. If its a disabled person in Public Housing who needs more assistance in terms of a Supportive Housing environment. How do we get them into the right housing. Or the other way. A person who is in our Supportive Housing and who has been stabilized. Can we use sort this opportunity to find an exit for them. We dont know. We dont have the answers, but we are asking the questions and thinking about this. Not in just terms of transfers you talked about. But can we do this in the rules and regulations of fair housing. And can we get people on the right housing so their needs are met. And thats ideally a goal of this process. The other part of this i
More intensive housing. So they need to go from Public Housing to Senior Housing with ground floor adult bay. So they can stay independent. If its a disabled person in Public Housing who needs more assistance in terms of a Supportive Housing environment. How do we get them into the right housing. Or the other way. A person who is in our Supportive Housing and who has been stabilized. Can we use sort this opportunity to find an exit for them. We dont know. We dont have the answers, but we are asking the questions and thinking about this. Not in just terms of transfers you talked about. But can we do this in the rules and regulations of fair housing. And can we get people on the right housing so their needs are met. And thats ideally a goal of this process. The other part of this is about the residents associations and how they are being supported. That we will continue to do that. And i think again the nature of this work in terms of resident engagement. We are working with the housing
Courth an alameny sounds like . There are other supervisors, and other members of his body that also have Housing Authority developments in their districts. I know that all of us on this board are committed to making sure that the needs of these residents are addressed. It is in that spirit that i wanted to bring us item forward simply to provide the city and county of San Francisco that clear picture of how the needs of these residents are being met and we are mindful of the fact that we are talking about an agency subject to the jurisdiction of the federal government. We know that the department of housing and urban development, hud, is conducting a nodded to see if the Housing Authority is comply with housing standards among other things. We know that a city we invest resources in redevelopment for instance Housing Authority property. One of the objectives of this review is simply to ensure that our partner, the Housing Authority, is in a Strong Financial position. And that the inve