Dieed housing, renovated s. R. O. S and inclusionary Affordable Housing and new market rate projects. This will include middleIncome Housing as well as lower Income Housing. But the fed proposed central soma plan falls far short of that 50 goal. It only proposes that 33 of all future use soma housing will be affordable. That is not enough. If soma doesnt achieve the 50 goal, theres no hope that the r els that the rest of San Francisco ever request. It will take direct city intervention to acquire those sources and hundreds of millions of city sources to build them and development of middle Income Housing. The missing mid is vital to maintain the social and cultural diversity. Otherwise, we may back very divided societies of just the welltodo and the poor. We cant let that happen. South of markets location next to an everexpanding downtown San Francisco is both a terrible curse and great blessing. That market growth, the Market Forces, the gentrification will spell doom for the positive
Spell doom for the positive community, social and spiritual qualities that are diversity and character that have made our south of market neighbourhood a special place renowned around the world. Unless, instead, we intervene directly now to secure affordable locations for all the community buildings, assets and homes that run [inaudible] to make our best south of market future possible. [coughing] and unless instead as a city and a community, we leverage this extraordinary growth and maximize the effective use of its enormous resources to realise the best neighbourhood possibilities it offers. To create a 21st century south of market neighbourhood that will be as special as the last one. This is the vision of our central Soma Community plan. It can be done. Good afternoon, commissioners. Thank you for your time. Im joyce from the toddco development plan. Were looking for Affordable Housing. Without these provision, market first will overwhelm soma declining the diversity that has made
Forces, the gentrification will spell doom for the positive community, social and spiritual qualities that are diversity and character that have made our south of market neighbourhood a special place renowned around the world. Unless, instead, we intervene directly now to secure affordable locations for all the community buildings, assets and homes that run [inaudible] to make our best south of market future possible. [coughing] and unless instead as a city and a community, we leverage this extraordinary growth and maximize the effective use of its enormous resources to realise the best neighbourhood possibilities it offers. To create a 21st century south of market neighbourhood that will be as special as the last one. This is the vision of our central Soma Community plan. It can be done. Good afternoon, commissioners. Thank you for your time. Im joyce from the toddco development plan. Were looking for Affordable Housing. Without these provision, market first will overwhelm soma declin
Sfgtv meeting of the budget and finance subcommitteeoccurring july 8, 2015 will begin shortly. [gavel] good morning everybody welcome to the San Francisco board of supervisors budget and finance subcommittee for wednesday, july 8 good morning everybody welcome to the San Francisco board of supervisors budget and finance subcommittee for wednesday, july 8, 2050. My name is mark r mark am sharing this management by Committee Vice chair kiddie payments and malik and john oliver. I want to thank the members of sfgtv covering this meeting as well as the clerk of the many window wanted any announcements please sounds electronic devices. Items acted on the july 14 board of supervisors agenda thank you. Please call item number one item number one providing certain special elections to be held in the city on november 3, 2015 for the purpose of committing to voters a proposition to incur bonds to the city not to exceed 310 million to finance the construction acquisition improvement week rotation
It is can use public dollars to leverage some kind of change even if its a small one. If we could start for how things operate in terms of their dancing of housing and not just affordable but housing in general. Yes. Were working hard to bring all parties together to get the best possible benefits for San Francisco, and we have some leverage by being able to take advantage of obligations the bank has and our developers , the Market Rate Developers are very interested in participating, especially with respect to our so we agree with your goal, sir thank you. Shifted supervisor moller supervisor moller i knew we have a very detailed and excellent report from our chief economist, mr. Egan coming up but i just had a couple of quick questions. You mentioned the acceleration of Public Housing in which i wrote and sunny day. You get a sense and one westside courts you said maybe transforming every single Public Housing unit get to know what, and website court, the smaller one closer to superv