6. 6 million worth of tax credits. Hud also awarded us ongoing operating subsidies which will allow the tenants [speaker not understood] their income toward rent. And lastly, as supervisor breed mentioned, you know, were really gratified by the support that we have received in the neighborhood from both the [speaker not understood], the neighborhood organizations as well as all the immediate neighbors. Thank you very much. Next speaker, please. Hi, good afternoon. Im jeff [speaker not understood], im the new director of Housing Services for the arc. I just wanted to talk a little bit why this project is so important to us. You know, in the last five years, our ability to place persons in independent living situations has dropped by about 80 and there are really not any other options in San Francisco right now. When our clients need to leave where theyre currently living, they basically get shipped out of the city into a group home pretty far away from here, away from their friends and
To also be eligible for the 6. 6 million worth of tax credits. Hud also awarded us ongoing operating subsidies which will allow the tenants [speaker not understood] their income toward rent. And lastly, as supervisor breed mentioned, you know, were really gratified by the support that we have received in the neighborhood from both the [speaker not understood], the neighborhood organizations as well as all the immediate neighbors. Thank you very much. Next speaker, please. Hi, good afternoon. Im jeff [speaker not understood], im the new director of Housing Services for the arc. I just wanted to talk a little bit why this project is so important to us. You know, in the last five years, our ability to place persons in independent living situations has dropped by about 80 and there are really not any other options in San Francisco right now. When our clients need to leave where theyre currently living, they basically get shipped out of the city into a group home pretty far away from here,
Hi, good afternoon. Im jeff [speaker not understood], im the new director of Housing Services for the arc. I just wanted to talk a little bit why this project is so important to us. You know, in the last five years, our ability to place persons in independent living situations has dropped by about 80 and there are really not any other options in San Francisco right now. When our clients need to leave where theyre currently living, they basically get shipped out of the city into a group home pretty far away from here, away from their friends and their families. So, also living situations are probably one of the biggest roadblocks to getting employment also for our clients. So, haight street is an opportunity not only to improve the lives of 17 people, but also to kind of help them with their thanks. To help them with their goal of becoming tax paying citizens which they pretty much all want. So, thank you. Thank you very much. Any other members of the public wish to comment on item numb
Mr. Chairman, members of the committee, supervisor breed, on the bottom of page 29 we state that the estimated project cost to rehabilitate 1500 page street, [speaker not understood] mercy housing is available Funding Sources total 10,341,519, which is 16,639 more than the estimated project costs. And table 5 on page 30 of our report shows the various Funding Sources [speaker not understood] for mercy housing 1500 page street project. On page 30, bottom of page 30, we report that the average cost per unit for constructing the 1500 page street Affordable Housing project for developmentally disabled adults is 6 07,346, which is 49 higher than mohcds average of 408,98 4 per unit. On page the bottom of page 32, we he report that if the city purchases 1500 page street, pays the balance of the private loan by east west bank, [speaker not understood] gives the citys outstanding loans to [speaker not understood], the net loss to the city is 3,0 58,269. However, this loss is 5,1 94,[speaker not