Ability of f age a borrowers to utilize down payment assistance programs from governmental entities to porters a home and it has indicated that it began and intends to issue the proposed rule government down payment assistance in january secretary constant sin testify before this committee in june that he was not, with the hood they will identify which Government Entity is providing this assistant, appears that they cannot determine which Government Program will be providing this payment assistance, or any loan, which is critical, before attempting the issue, new regulations of government, to help the payment system, will you commit to not moving forward with any move, other changes related to down payment assistance provided that governmental entity, is able to collect data on intergovernmental entities and to analyze this typically, on the performance and of age let loans and, down payment of each specific governmental kentucky, can you expand on that . Thank you mister chairman, as
Ability of f age a borrowers to utilize down payment assistance programs from governmental entities to porters a home and it has indicated that it began and intends to issue the proposed rule government down payment assistance in january secretary constant sin testify before this committee in june that he was not, with the hood they will identify which Government Entity is providing this assistant, appears that they cannot determine which Government Program will be providing this payment assistance, or any loan, which is critical, before attempting the issue, new regulations of government, to help the payment system, will you commit to not moving forward with any move, other changes related to down payment assistance provided that governmental entity, is able to collect data on intergovernmental entities and to analyze this typically, on the performance and of age let loans and, down payment of each specific governmental kentucky, can you expand on that . Thank you mister chairman, as
Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their private investors. Thats their primarily goal to maximize th
And then public efforts such as Property Assessed Clean Energy bonds have been stymied by the limitations that commercial banks have. So federal tax reform is going to get rid of the Community Investment act. And there goes tax credits and nonprofits and Banking Services for low income communities. A public bank could solve some of those issues for us. Im excited we are here today. I look forward to seeing the task force and their findings and im hoping we move forward. Thank you. Thank you. Next speaker. Hello, supervisors my name is claire [inaudible] im cochair of San Francisco [inaudible] i want to express frustration with the board process, having been here for four hours, this very important item heard at the end of the agenda and Public Comment at the end, it doesnt allow for much democratic input. Most people dont have the luxury to sit in these chambers for four hours i would normally be teaching in a classroom of first and second graders. That being said, the San Francisco Be
Im going to provide a summary of our report to supervisor fewer on options of community banking. At the moment though, the slides are not appearing. I wonder if i might get assistance. Do you have a printed copy . I do and actually here we go. We can do it the oldfashioned way. Here we go. Thank you. My apologies for the delay. This was the report that we issued in december to supervisor fewer. It was update to 2011 report we had prepared for supervisor avalos, it covered some of the same topics, but it is different that we tried to focus on specific steps needed to be taken to establish a public bank. What weve done is provided an outline of the steps. There is obviously many more questions that would be need to be resolved to pursue that. So ill just start briefly with options for the city. There are commercial banks, thats what were using now. Theyre for Profit Institutions and theyre organized to provide a return to their private investors. Thats their primarily goal to maximize th