[speaking foreign language]. Tenants are forced out of homes due to competition for Affordable Housing,s especially in soma. Developers need to wake up soma is not exclusive. Soma needs the housing. Lets support the jobs housing linkage fee. Thank you. Good afternoon. I am amanda representing the coalition on homelessness. We would like to voice support for updating the jobs housing lynx age fee linkage fee. It will ensure accountability to ending the housing crisis. We have the opportunity to generate 500 million over the next 10 years to allocate to constructing more Affordable Housing, preserving already Affordable Housing and building additional Supportive Housing. We urge you to stand up for housing justice in San Francisco. Thank you. Next speaker, please. I am susan. I am a 20 year resident of San Francisco and former nurse at San Francisco general. I have been running a Small Business for 15 years. I work with the coalition. I am here in support of this legislation. I think it
Hi, im the Community Housing Public Policy and i work with former Homeless People in support of. We provide a portal housing and help those residents residents achieve selfsufficiency. These update fees would generate 500 million towards 2,000 new units in ten years. 10 of those funds would go to the acquisition and preservation of existing Affordable Housing and 30 would go to building new Supportive Housing. Homeless people who are no longer needing supportive intervention also need next step housing that is deeply affordable to thrive once stabilized on the recovery path from homeless trauma. These kinds of fees have never been the determining factor in development. If we were truly to meet the Affordable Housing needs resulting from the Office Development, the cities own nexis study says we should be charging 193 per square foot. I think we are talking about 66 here, that is not enough. This is the fee Developers Pay to cover the fair share of housing the workers. From my perspecti
Of the trade war was slipping as well so we probably are slipping into a Global Economic shutdown slowdown whether its a recession is is unclear at this point so many factoring slows does this mean that people are actually unemployed and out of work. No and well we will get the next piece of important Economic Data later on this week on friday were getting at the jobs data for the month of august you know we have still continued to see a fairly robust jobs market right now although its slowing down as well the numbers 429000 are i think about 160000 jobs created per month thats down from about 220000. 00 just the jobs that were created each month and 2018 so on balance you would still say that the economy is doing well but there are certainly storm clouds on the horizon just so that the audience understands the Manufacturing Sector of the Manufacturing Sector makes its one of the top 5 employment categories in the United States is it not and what are the one of the subcategories of man
Canada mexico but arent as aware or arent as certain about the supply chains and whats theyre able to source products from theyre not going to produce as many products theyre not going to hire as many people and thats the direct consequence and you see that playing out right now in these numbers but its also more broadly just based on uncertainty in the world right now youve got youre a possibly going into recession as well certainly the chinese economy independent of the trade war was slipping as well so we probably are slipping into a Global Economic shutdown slowdown whether its a recession is is unclear at this point so many of factoring slows does this mean that people are actually unemployed and out of work. No and well we will get the next piece of important Economic Data later on this week on friday were getting at the jobs data for the month of august you know we have still continued to see a fairly robust jobs market right now although its slowing down as well the numbers 429
A psychological effect can you break down what this actually means and what what causes it well its a little bit of both i mean we lets also remember that we are now 9 years into this economic recovery and thats a historically long period of time we probably regardless of where we were on trade tensions were probably nearing the end of this Economic Cycle but what happens when you have companies that arent sure of their exports not only to china but other parts of the world because we certainly have trade tensions with europe as well canada mexico but arent as aware or arent as certain about the supply chains and whats theyre able to source products from theyre not going to produce as many products theyre not going to hire as many people and thats the direct consequence and you see that playing out right now in these numbers but its also more broadly just based on uncertainty in the world right now youve got your a possibly going into recession as well certainly the chinese economy ind