100 affordable units camp, how would they pencil out if built to the max these four initial sites . Market rate versus moderate and lowincome . You mean in terms of costs or percentage of units . Percentage of units that would fall in each one of those . Right now, 1950 mission upper yard and seawall 33221 are 100 affordable. They are . Yes. I have not done an analysis on 4th and folsom and balboa reservoir is a large much larger development. But if we could do 100 affordable at 4th and folsom, that would be great. We would love to do that. So of the five parcels identify, three are 100 . So 1950 is actually 100 affordable . Yes. I have one other question, maybe mr. Cohen, he is still here . Given the scarcity of resources issue that we just heard about, and your advocacy for the inverse, what do you say to that . Well, miss heartily is correct, we have a certain amount of resources now and those are all been programmed and there is sort of a game plan for the next five, six years. But
Are. Absolutely. Absolutely is. Another quick question, lets say the four tier 1 sites and put them in up to 200 units 100 affordable units camp, how would they pencil out if built to the max these four initial sites . Market rate versus moderate and lowincome . You mean in terms of costs or percentage of units . Percentage of units that would fall in each one of those . Right now, 1950 mission upper yard and seawall 33221 are 100 affordable. They are . Yes. I have not done an analysis on 4th and folsom and balboa reservoir is a large much larger development. But if we could do 100 affordable at 4th and folsom, that would be great. We would love to do that. So of the five parcels identify, three are 100 . So 1950 is actually 100 affordable . Yes. I have one other question, maybe mr. Cohen, he is still here . Given the scarcity of resources issue that we just heard about, and your advocacy for the inverse, what do you say to that . Well, miss heartily is correct, we have a certain amoun
Yard and seawall 33221 are 100 affordable. They are . Yes. I have not done an analysis on 4th and folsom and balboa reservoir is a large much larger development. But if we could do 100 affordable at 4th and folsom, that would be great. We would love to do that. So of the five parcels identify, three are 100 . So 1950 is actually 100 affordable . Yes. I have one other question, maybe mr. Cohen, he is still here . Given the scarcity of resources issue that we just heard about, and your advocacy for the inverse, what do you say to that . Well, miss heartily is correct, we have a certain amount of resources now and those are all been programmed and there is sort of a game plan for the next five, six years. But the conversation is about adding more resources. So what we need to be thinking about is how to meet our housing goals . Because we saw earlier, were at 41 in produce of lowincome and 16 of moderate. We have to figure out what we want to achieve and then what that costs and that beco
Working on upper yard, balboa reservoir and 50 ferris, baker watts that we actually did achieve in central freeway is a great example of our producing in all kinds of neighborhoods. I will say that we work within coin straints. So if we build pay 200unit deal our average subsidy is 250,000. That is 50 million of subsidy. We have to come up, and that doesnt necessarily include acquisition costs. That is a huge amount of our annual budget. There are opportunity costs we have to consider, because if were going to do that, that means that other very worthy projects may not. So i heard something about driving with i heard some of the Folks Community housing organizations come up and say they want it exactly the inverse of what you are proposing, up to 200 units want 100 affordable and you are saying it could be 50 affordable. Let me clarify, i must have misstated. We would love to see 100 s but that would cost 50 million. So we have to acknowledge scarcity of resources. Its a resource issue
Enterprise and minority Business Enterprise and finding space for them. The way i think you do that is to have a Development Agreement. I think the best thing to do was to have a Standard Development agreement that has elements that Everyone Wants to see, and then tailor it to specific sites and they arer not only starting from scratch with Different Development partners. That is something to consider and get it out in one fail whoop, local hire, mix of units, any sort of benefits that you want to provide for special open space or programming, for Economic Development . Put it all in there, do the work upfront and for each site depending on how many units and the size, you can see what of those elements you canly actually do . This is another sort of planning code issue that again im not sure if maybe the Housing Working Group saw it and determined it wasnt feasible. But we have a requirement for the Affordable Housing that if you are going to do it, sra there is a certain unit mix, a