Chart shows you this list are all of the legislative changes that have been effectuated just in the last year. Basically you guys are killing us. Not without very good cause, mind you. Now, some of these initiatives are not going to require a tremendous amount of additional work for rent board staff. The more or come on condo conversions will require no work on our part. Every other piece of legislation requires some additional effort on the part of rent board staff ~. It can be a database search for [speaker not understood] eviction notices. It can be a report to planning. A lot of them are hearings, will result in additional hearings. So, basically what we think is that due to the current state of the rental market and the shortage of housing for the foreseeable future we will anticipate [speaker not understood] recovering local economy. So, bring it on basically, but we are asking for additional staff to be able to deal with the effects from the impacts of all of this additional leg
Us. Not without very good cause, mind you. Now, some of these initiatives are not going to require a tremendous amount of additional work for rent board staff. The more or come on condo conversions will require no work on our part. Every other piece of legislation requires some additional effort on the part of rent board staff ~. It can be a database search for [speaker not understood] eviction notices. It can be a report to planning. A lot of them are hearings, will result in additional hearings. So, basically what we think is that due to the current state of the rental market and the shortage of housing for the foreseeable future we will anticipate [speaker not understood] recovering local economy. So, bring it on basically, but we are asking for additional staff to be able to deal with the effects from the impacts of all of this additional legislation in conjunction with our increased work load. So, the net result of this in terms of the impact on our budget is a 6. 3 increase this
In addition, in addition, this chart shows you this list are all of the legislative changes that have been effectuated just in the last year. Basically you guys are killing us. Not without very good cause, mind you. Now, some of these initiatives are not going to require a tremendous amount of additional work for rent board staff. The more or come on condo conversions will require no work on our part. Every other piece of legislation requires some additional effort on the part of rent board staff ~. It can be a database search for [speaker not understood] eviction notices. It can be a report to planning. A lot of them are hearings, will result in additional hearings. So, basically what we think is that due to the current state of the rental market and the shortage of housing for the foreseeable future we will anticipate [speaker not understood] recovering local economy. So, bring it on basically, but we are asking for additional staff to be able to deal with the effects from the impact
And thats focused on an initiative called the pay for success initiative. Its a onetime grant which is why it appears in the first year and is not budgeted in the second year. We also have an additional 150,000 committed by partnership of foundations led by the haase foundation for 150,000 to be matched by 150,000 of general fund. Great, thank you. Item number 5 is an ordinance amending the administrative code to eliminate the Mayors Office of housing and Community Development Escrow Account Administration fee. Item number 10, resolution approving a waiver of the payment in lieu of taxes for fiscal years 20142015 and 20152016 from the Housing Authority of the city and county of San Francisco. ~ from the Housing Authority. Thank you. Hi, mr. Lee. Good morning, supervisors. Olson lee, Mayors Office of Housing Community development. ~ director of [speaker not understood]. [speaker not understood] and to work with lowincome communities to support them. Our housing budget reflects sort of t
Affordable housing, with another 7 spent on Community Investment and Community Development. So, nearly 90 on the budget of mohcd. This slide shows you what is going on with the [speaker not understood] spending on Affordable Housing [speaker not understood], being the largest portion of our budget and about 7 on salaries and 3 on fringe benefits. Overall the Mayors Office budget increased by 37 34. 7 million to 86. 8 million in fiscal 1415. 81 of that total budget focusing on housing and Community Development grants and loans. And as i think ive shared with you and as the mayor talked about in his budget speech, much of that growth is related to our initiative to leverage the Housing Trust fund by bonding growth in that trust fund to generate new resources for Affordable Housing production. The mayor and his administration excluding [speaker not understood] by about 8 25,000 and thats about 30 from salary and fringe benefit changes and about 70 from the new office of Strategic Partners