Francisco or protective housing through acquisition offer low and moderate income households. No we build an additional percentage for middle income house look at the voters are demanding an action plan, not just a goal and doubling the current Affordable Housing is part of the plan. 25 inclusionary Housing Ordinance is doable. It again instead of pain are low income and middle Income Housing needs against each other this measure addresses both needs adding a second here to the inclusionary housing requirements in the form of the 10 for middle income households. This moderates inclusionary promise just like Construction Costs developer fees Interest Rates and any other cost to build here in San Francisco gets factored into the cost of land. Over time, the market and financing will adjust to these new requirements. As we confer value to the land is still in San Francisco we wanted developers to share this wealth and value back to the community by building as much affordable and middle I
Readily and our in San Francisco we must do it at multiple income box. This only one tool. Weve seen the polls. The rising people that are supporting more Affordable Housing art at unprecedented levels because they realize it is not just those that least fortunate pushed out. Everyone is getting pushed out and squeezed out of the city today. I want to recognize a number of folks that helped put this ordinance together and are supporting this today. I want to thank and recognize the council of Community Housing organization, San Francisco and the displacement coalition, senior disability action network, Community Tenants association, eviction defense collaborative, chinese progressive association, veterans equity ctr. , chinatown Committee Development center, a formal housing allies, sf rising, asked me local three 3299 united educators of San Francisco. And uh w. Tenants together as well as a long list of other organizations that im sure will be speaking here today. I also want to reco
Often single moms with children that are fastestgrowing demographic anonymous committee. In fact, one third of our homeless account our children between the ages of 57. For some reasons the production of the for the housing sink readily and our in San Francisco we must do it at multiple income box. This only one tool. Weve seen the polls. The rising people that are supporting more Affordable Housing art at unprecedented levels because they realize it is not just those that least fortunate pushed out. Everyone is getting pushed out and squeezed out of the city today. I want to recognize a number of folks that helped put this ordinance together and are supporting this today. I want to thank and recognize the council of Community Housing organization, San Francisco and the displacement coalition, senior disability action network, Community Tenants association, eviction defense collaborative, chinese progressive association, veterans equity ctr. , chinatown Committee Development center, a