Whether youre a senior, whether youre someone who lives in Public Housing, whether you just simply cant make it because of the salary that youre living on, well, i think weve done it. Weve done it. Its a start. Is this going to answer every question . Probably not, but this is going to be a big, big achievement for San Francisco for us to put 600 million for Affordable Housing for our residents. [applause] president yee ill tell you this right now. I wont outline what mayor breed what she had already outlined. It was a battle. We had to fight, we had to claw, we had to prove our point. This came from labor, it came from everybody. Even the middleincome folks to came in and say we need help also, we hear you. We will put something in there for the middleincome, as well as lowincome. I am so proud of the process that we that we took to get to where we are today. Today is going to be a historical vote where the board of supervisors will vote on this bond measure, this measure for housing in San Francisco. And then, once we get it on the ballot, its going to be another historical moment in november, because all of us, all of you will fight for this and make sure that we get 17 , right . And i cant thank the staff and the supervisors enough for their part because the community weighed in early, and we needed to figure out what are the issues that we needed to address. All my supervisors weighed in on the whole process. I want to thank them personally. Almost every one of them. Thank you supervisors. Give them a hand. [applause] president yee and i really want to thank their staff who did a lot of work. Please join myself, mayor breed up here, labor, and just say to you just talk to 20 people, all your neighbors, and say this is the most important thing you can do to help our residents in San Francisco. We need Affordable Housing, yes we need Affordable Housing, right . Thank you very much. The hon. London breed thank you. Thank you, president yee. And as he said, this was a collaborative effort, and i just want to recognize, theres so many people here today. I cant start naming names because you guys will get mad at me if i forget somebody. But i do want to say to the nonprofit Housing Developers here that work in the community, whether its tndc, Mission Housing and others, who continue to provide this muchneeded Affordable Housing, ccdc and others, thank you so much for being here today for your advocacy and Affordable Housing in San Francisco. Thank you to the yimbys in San Francisco. It means a lot. Now i want to bring up one of the cochairs of the committee to help bring forth this amazing 600 million Affordable Housing bond. Tamika moss spear headed the effort. I remember a couple years back when we discovered we had empty Public Housing units. We worked with thenmayor ed lee to come up with 200 million to rehabilitate those units. And because of those services, we were able to place 179 formerly homeless families in Public Housing, and so tamika moss, come on up [applause] thank you so much, mayor breed. Good morning we are here on this momentous occasion to acknowledge the leadership of our mayor and our president of this board of supervisors, mayor breed and president yee. I have had the Incredible Opportunity of leading one of the working groups with my cochairs, malcolm young, annie chung, and myrna melgar to make sure how the community has a voice in this bond . How do we make sure that every single san franciscan has access to permanent, supportive, Affordable Housing in their communities . And we have been able to come together and bring folks together around this bond, and i am so honored to be a part of it. This bond, as the mayor said, as the president said, is something for everyone. We have to make sure that the residents of Public Housing are supported. We need to make sure that the seniors in our community have a place to age with respect. We have a responsibility to make sure that we take care of our First Responders and our teachers. The mayor and the board of supervisors didnt just talk about an Affordable Housing crisis, they did something about it, and i am so excited to stand with them and support this and get this over the finish line in november. Guess what, folks . We have a lot more work to do. This is our first attempt to making sure we have Affordable Housing in San Francisco. We have a lot of work to do. Lets get to work. Thank you so much. [applause] the hon. London breed thank you, tamika. Now many of you know this, when we talk about Affordable Housing, often times when we found in the past in San Francisco, you basically make too much for Affordable Housing but not enough for market rate in San Francisco. A couple years well, not even a couple years. Maybe two years, we worked with a number of folks to change the affordability rates to level the Playing Field because i wanted to make sure that teachers and people of our Labor Community were able to have access to the Affordable Housing that we build in san francis francisco, to the down payment assistance loans and other things, because thats what makes San Francisco a great place is when we have true diversity from various economic levels. So what im really excited about in this bond is the amount of support it will provide for Affordable Housing for middleincome residents. We have here someone who is a beneficiary of the Teacher Next Door Program who provides down payment assistance to teachers for the purpose of purchasing housing in San Francisco. With us is a sevenyear employee of the San Francisco unified school district, and she has been working as an educator in our schools with our kids. And now because of this program, shes going to be within a short walking distance of the school that she works at. And so ladies and gentlemen, please welcome cheryl lu. [applause] hello, everyone. Thank you for letting me share my story with you today . As mayor breed mentioned, i am an educator, i am a teacher, and i have actually been teaching for 13 years now. Eight years of it seven, eight years of it was in San Francisco, out at star king elementary school, which is out in potrero hill. Its always been my dream to live in the city that i serve and to eventually buy a home. And because of the down Payment Assistance Loan Program and the Mayors Office of housing and community and development, i am actually living the impossible San Francisco dream right now. As of last week, i closed on a property in San Francisco, yeah. [applause] pretty exciting, and it all worked out. And as with any buying process, you face a couple of challenges. Along the way, we made it happen, and there was low inventories when we were looking we were getting out bit. But thank you to the Mayors Office of housing and Community Development and assistance down Payment Assistance Loan Program, i was able to i was able to buy a place, and im a teacher, so its pretty amazing. So i really do thank the support for what the we can do on the lowincome, middleinco middleincome, teachers, First Responders, and the labor industry. If i can do it, and i can live the impossible San Francisco dream, many of you can, also. Thank you. [applaus [applause] the hon. London breed thank you, cheryl. And our final speaker is someone who grew up in the bayviewhunters point community. She started as a carpenter and is now working as a plumber. Shes in fact working at 1950 Mission Street on that project, and this is why this program was created to make sure that local residents of our city have access to the trades so they could provide the opportunity to help to build this city and also get good wages in the process. But more importantly, she has a daughter entering college this fall. We are so proud of the work that shes doing to help build the city. And so ladies and gentlemen, please welcome stacey provost. [applause] thank you, mayor london breed, for having me. I am a proud member of the pipe fitters and Plumbers Union local 38. [applause] i was born and raised in hunters point, and i began making my living as a cosmetologist. I owned my own business. I opened a hair salon, which i had to close due to rising rent. Being a single mother with a daughter going to college, i needed to find a more stable career. At that point, i had found the city build program. Throughout city build, i learned the skills required to be a to have a successful construction career. I have benefited from Affordable Housing which is how i was able to provide and support my daughter during the city build process. After i graduated, i became a carpenter, working for Carpenters Union local 22. Before having the opportunity and the blessing of joining local 38, which is the plumbers and Pipefitters Union of San Francisco. Living here in San Francisco in the 94124 has given me the benefit and a stable career to be in and pay rent in San Francisco. Thats why we need more Affordable Housing. We need more Affordable Housing for all of the reasons stated above. We also need this bond to create union jobs for all unions to build more Affordable Housing. Right now, im working for obrien mechanical in the Mission Street housing at 1950 mission where we are building 157 100 Affordable Housing units. [applause] so what im really trying to say is we need to build this housing so we can support more people like me, more stacey provosts. The hon. London breed thank you, stacey, and thiank you to all the members who came out today. And thank you to all the supervisors who came out today. I know youve got to run back to get back to business. I know we are all looking for a unanimous vote at the board. Right, supervisor mandelman . You heard it from supervisor mandelman and president yee first. Were going to get a unanimous vote and were going to get it on the ballot. Were going to knock on doors and talk to people so they know how important this is for the future of San Francisco. We know we have a number of challenges, and the longer we wait to get this housing built, the more delay it is for so many people we know are struggling in San Francisco. Yes, sadly, people who are homeless but also people who are living paycheck to paycheck, people who are losing their housing. This is more than just building Affordable Housing, this is also about preserving our existing Affordable Housing for the people who are here who are struggling to survive. Thank you all so much, and lets get this ballot measure passed [applause]. I love that i was in four plus years a a rent control tenant, and it might be normal because the tenant will for the longest, i was applying for b. M. R. Rental, but i would be in the lottery and never be like 307 or 310. I pretty much had kind of given up on that, and had to leave San Francisco. I found out about the San FranciscoMayors Office of housing about two or three years ago, and i originally did Home Counseling with someone, but then, my certificate expired, and one of my friends jamie, she was actually interested in purchasing a unit. I told her about the housing program, the Mayors Office, and i told her hey, youve got to do the six hour counseling and the 12 hour training. She said no, i want you to go with me. And then, the very next day that i went to the session, i notice this unit at 616 harrison became available, b. M. I. I was like wow, this could potentially work. Housing purchases through the b. M. R. Program with the sf Mayors Office of housing, they are all lotteries, and for this one, i did win the lottery. There were three people that applied, and they pulled my number first. I won, despite the luck id had with the program in the last couple years. Things are finally breaking my way. When i first saw the unit, even though i knew it was less than ideal conditions, and it was very junky, i could see what this place could be. Its slowly beginning to feel like home. I can definitely you know, once i got it painted and slowly getting my Custom Furniture to fit this unit because its a specialized unit, and all the units are microinterms of being very small. This unit in terms of adaptive, in terms of having a murphy bed, using the walls and ceiling, getting as much space as i can. Its slowly becoming home for me. It is great that San Francisco has this program to address, lets say, the housing crisis that exists here in the bay area. It will slowly become home, and i am appreciative that it is a bright spot in an otherwise everybody, i think were going to get started. Our honorable mayor is here, and i know that we have a huge crowd and some big celebrating to do, so i want to welcome you to the groundbreaking for 88 broadway and 75 david street. So im cynthia parker, and im the president and c. E. O. Of Bridge Housing, and i am the cohost today with our partner, john stewart, but what i want to do is acknowledge all of the people here in the audience who have helped us get here today. So with us, we have mayor london breed, our honorable and esteemed mayor, welcome. [applause] we have supervisor aaron peskin, whos been a big supporter, and thank you, supervisor peskin. We have Elaine Forbes whos executive director of the port of San Francisco. Thank you for coming and your help. [applause] we have many reps from bank of america. Liz, thanks for coming. [applause] we have bruce cantor whos a member of the northeast Waterfront Advisory Group. [applause] and we have bob carrier whos a member of the Barbary Coast neighborhood association. So thank you for coming. [applause] this group thats sitting here today sort of does represent a neighborhood inside of a village, the village of San Francisco. And two neighborhood associations, a Waterfront Advisory Group, and partners with the city, with the Mayors Office of housing and jayesco have really made this happen during the development period. I know that john stewart is going to comment on some of this, but i know there are 26 neighborhood meet there were 26 neighborhood meetings that made this happen, and i want to do a special shoutout to john stewart who lives in this neighborhood and wanted to make sure that these two developments reflect the values of this community, and i think they do. So thank you, john, for all of your hard work, and forever, your partnership with that. When this r. F. P. Came out from the city of San Francisco, i ran into jack gardner whos the other principle at jayesco. You know, he said, we did north beach together. Do you think its time to get the band back together and respond to this r. F. P. . I said yes, and we did it, and we were selected. Frankly, i think we were the right team to pull this project together. It has made a big difference to this neighborhood for all the reasons i just said. 26 meetings, resident developer, and a commitment to make this happen. I want to also acknowledge some special shoutouts to both the city and the mayor, to your commitment to Affordable Housing and to these kinds of developments. This project is really special because it is one of the few thats really said were going to hows both seniors and a Senior Development and families and have an income mix that represents both formerly Homeless People as well as people up to median income, up to 80 of median income, the missing middle. And that doesnt happen very often. I and believe it will completely and i believe it will completely be a success because it weve all because weve all worked so hard, and it represents this community. And i believe we will get more housing in the ground because we need nor housing in the city. [applause] so with that, im not going to steal the thunder. We have a lot of speakers here today, and with that, what i do want to do is invite our lovely mayor to come up. She has the values and tgumptin to make Affordable Housing in the city. I invite you to come up to say a few words. [applause] the hon. London breed thank you, cynthia. Its so great to be here with you because john, we know this project was a long time coming. We work hard in this city to try to repurpose this whole waterfront. Some of you were around during this 89 earthquake. I certainly was. I remember when this used to be a water way, and look at how beautiful our waterfront has become with a lot of businesses, a lot of housing, and here is an opportunity to provide 178 units of Affordable Housing for families and seniors. This is absolutely amazing. [applause] the hon. London breed and let me just also say that last year, it was brought to my attention that for the Senior Development that were being placed here at 735 davis street, there were still so many seniors who didnt meet the minimum income qualifications because we know that there are a lot of different challenges with affordability in San Francisco. People who are low, extremely low, people who are just exiting homelessness, people who just barely meet the minimum qualifications, and sometimes those who exceed it by just a little bit. Its why we have to change access to Affordable Housing in San Francisco. And we along with the Mayors Office of housing and kate hartley identified revenues in order to buydown the availability so that more residents who are in this community can actually qualify for housing in the communities in which they live. So i want to thank you, kate, for your leadership on that effort. We are going to have diverse homes of mixed incomes living in these developments. So supervisor peskin, former president of the board, but representative of this district, you know im going to need your help to make sure that as we break ground on this project, we dont want any delays, we dont want any challenges, we dont want any issues because we need this housing, and a oneday delay is a oneday delay of housing for those who need it the most. We had a press conference for 600 million Affordable Housing bond, the largest bond in the history of this city that the board of supervisors is going to be voting on unanimously to put on the ballot, and were going to do so without raising property taxes in a very responsible way, which is how we should be handling the citys and the taxpayers money in our city. But it means a lot because we know that there are challenges with affordability in our city. And we know that we have to work harder and faster to get this much needed Affordable Housing units built. People are counting on us to make good decisions and to not allow bureaucracy to get in the way of much needed Affordable Housing. Thank you to everyone whos joining us today because those 178 seniors and families, when they move into those units, when theyre looking out those new windows, when theyre cooking dinner on their new stove, can you think about how it might feel especially if you didnt have housing in the first place, if you lived in an s. R. O. And you didnt have a kitchen, can you imagine what its going to mean to people to live right here in this beautiful, amazing community, which once consisted of darkness and a friday and is now open with all of the light and incredible views, a place where everyone want to live in in San Francisco, and they will be a part of the future of this great city. No one will be left behind as a result of this great project, so thank you to john stewart and John Stewart Company. Thank you so much to Bridge Housing and cynthia, to kate, to supervisor peskin, and all the Community Members and the people who helped make this possible. This is truly San Francisco at its best, and there is more to come. Thank you all so much. [applause] the hon. London breed sorry. I want to introduce john stewart, but i want to just say that i met john stewart over 20 years ago. And i used to work at treasure island, and some of you remember when that housing was empty, and it was vacated by the navy, and we have the task of rehabilitating those units and moving formerly homeless veterans, formerly homeless families and other people of all incomes into treasure island. The partnership with John Stewart Company was not just a partnership that helped to rehabilitate those units, they also helped to make sure that those formerly homeless families and veterans had working utilities, and that they had Coffee Makers and dishes and beds and sheets and all the things that so many people may take for granted. But these were people who were starting their lives over. And the person who led that effort without being asked to do so was john stewart himself, and so ladies and gentlemen, john stewart of John Stewart Company. [applause] the mayor has been drinking early. Well talk later. Thank you so much. Ed lee was once to say, ill keep it short because i am short. That was his big oneliner. A few comments that i really wanted to speak about, i think two or three things. First, i get a lot of questions on the piles that were sinking into the ground at 90 feet and 60 feet. Theyre not impact piles as the way that have occurred at many sites. These are augering, theyre very sensitive to the neighbors because theyre not impact piles. Theres going to be 170 of them, and theyre very sensitive to the neighbors. And also, we dont want to repeat we got the memo on the millennium towers, and were going to bedrock. It seemed like a good idea. Also, people asked me about those cobblestones. When we dug down 8 feet, we found shoes, elixir bottles, and we also found a whole series of red caps which said make America Great again, and were going to be selling them later to enhance our Financial Balance Sheet on this deal. On the subject of process, i think were particularly proud of the fact that over 4plus, almost 5 years, we had a Record Number of meeting involving a myriad of local involvement, various people you can see authorities and housing entities that all had a stake in this thing, and they all came out, and they all spoke their piece, which i will in closing do a few shoutouts. There is something that i would call district 3 deja vu, and im looking at aaron now because 17 years ago, a young supervisor along with a young mayor at the time, willie brown, started working on a project called north beach place. Its out of the its off the cliff side. Its a project that has great similarity to what you see today. For those of you that are a little long in the tooth, you might remember that project. It also was affordable. It had mixed income, mixed use, and mixed age. We have, too, so there. And one of the things that strikes me about it, aaron peskin, i think really made a statement because he was boots on the ground, went to every meeting, very supportive of that project as he was then and he is now. Its my pleasure to introduce the supervisor. [applause] supervisor peskin mayor breed, ms. Parker, mr. Stewart, to your respective organization, but most importantly to the community and amongst those and first and foremost amongst those, the Barbary Coast neighbors. It is true almost 20 years ago that i attended all of those meetings at north beach place, but thankfully, i attended few if any in this particular project. But mr. Cantor did, miss taylor did, and i want to say they made it a better project. This neighborhood involvement made this a better project. Let me say a few words about what my mayor said, and it is the history of the embarcadero freeway which was, by all accounts, a terrible urban planning mistake. And then, in 1989, after the loma prieta earthquake, we had a mayor who had the courage to rip that thing down. And by the time thenstate senator quentin kopp transferred the property to the city for one american dollar, willie brown was mayor. And there was a little neighborhood fight about what we were going to do with those parcels. One was going to be a police station, one was going to be a butterfly museum, one was going to be Affordable Housing. I am pleased to say that today, they are all Affordable Housing for the city and county of San Francisco. That is remarkable. [applause] supervisor peskin now, it is true that i wanted this site, even though my friends at the Barbary Coast neighbors disagreed, i wanted this to be a temporary navigation site. But the mayor and i and supervisor haney have teamed up to find one not so far away. And i also want to agree with the mayor that Affordable Housing is actually not that affordable, and we all know the numbers that we just saw, the homeless count. And its just not San Francisco, its portland, seattle, and los angeles, continue to rise. So here are 53 units that are going to keep some of my seniors and this is the district that has the highest percentage of seniors in the city and county of San Francisco from being homeless. But you know what . Its not affordable to many of our seniors, which is precisely why miss hartley, mayor breed, president yee and i teamed up to create what we called s. O. S. , senior operating subsidies which is in this years budget for shallow subsidies for seniors so they can actually continue to live and age in place. This is a great day for the city and county of San Francisco, one and all, particularly to the workers who are building this thing. Congratulations. [applause] a. Supervisor peskin all right. This is a weird jurisdictional thing, because you think the owner is the city and county of San Francisco, but it is the port and held in trust by the city and county of San Francisco and lands owned by the public works. Now weirdly enough, the port land is inland, and the public works land is closer to the water, which ive never figured out. But instrumental to this entire project was the port of the city and county of San Francisco, their executive director, miss Elaine Forbes. Hello, everyone. Its very great to be here today. We all love a ground breaking. As you all know, the port manages 7. 5 miles of waterfront property. Our future is very brite since the loma prieta freeway came down, but nothing makes us prouder than to welcome the neighbors and residents who will come to enjoy this community. We are proud to announce what will be a solution to the Affordable Housing crisis. I want to acknowledge, and supervisor peskin knows this very well, it takes the port quite a long time to figure out what to do with its property, and 88 broadway was a very long conversation. And actually, it was the Community Residents that said they would like to use we would like to use these underused lots that youre using for parking. So tom ammiano provided us a bill to be able to use this for housing. Here is another example where we can welcome low, mod, seniors, and formerly Homeless Housing to our waterfront. For us, the northeast Waterfront Advisory Group helped us provide standards for 88 broadway. It was a very patient process, and it did improve the project. Its that kind of collaboration, that kind of problem solving that got us here today. Theres a lot of port staffers in the audience that have been working here for sometime. Thank you so much, and id like to introduce liz minnick from the bank of america. [applause] good afternoon, everyone, and what a glorious afternoon we have for this fabulous day today. Bank of america was founded in this very city in 1904 and has a long history of helping people get in homes and working towards Affordable Housing. From the work after the 1906 earthquake to the recent work with the San Francisco r. A. V. Commission and the rehabilitation of sorry. Well let the coast guard get back. 29 properties for which we financed over 2. 2 billion. For these two properties that we are discussing today, bank of america has provided over 133 million in financing. First, thank you to all of our bank of mercteams to continue their efforts on america teams to continue their efforts on helping to provide housing. And now, i will introduce brynna cantor. [applause] good afternoon. We were involved in the long process of the design of this building. Its just incredible that were going to see more family and Senior Housing here, which is really important to keep our city diverse. We certainly need more of them. It also includes a child care facility, so thats why i have my daughter here, simone, who has become a conoisseur of all the child care facilities in the city. Since this center is going to have a playground, i think shes going to want to check that out, right, simone . Mmhmm. Thanks to the Mayors Office of housing and all the great inclusive bidding that we had during this process, and of course, John Stewarts wonderful team, including us along every step of the way. Had countless meetings. Our supervisor, aaron peskin, and the previous supervisor, julie christiansen, who really got the project going for us. Again, just really impressed with the outreach from the community stages of the project. The team reacted to Community Concerns along the way and modified the project to a very mature building which you see on these drawings here today. In particular, were really impressed with the ground level uses for the community, the services, retail, etc. , that that activate the street. This was a great example of how our project should happen. So you think thats good . Yes. So ill keep it here with introducing one of our Barbary Coast representatives, bob hauer. Thank you, bruno. Good afternoon, everybody. I know its hot, so ill try to be as brief as i possible can. First of all, i want to say on behalf of the Barbary Coast neighborhood association, im very happy to be here today as this project starts to take almost a concrete step forward to bring some badly needed housing to San Francisco. And i also want to express my sincere appreciation to the port and the Mayors Office of housing for all the opportunities that they gave to listen to the neighborhood and to work with us and to resolve well, not resolve, but to work with us to help design a project that really will work for the neighborhood. I think there were many, many discussions and meetings and a number of outcomes that are very positive. Two id like to mention in particular. First of all, if we look at the residents, not only will this housing unit have room and units designated for the formerly homeless and lowincome, but it will also have units for the middleincome households. And this is a first in San Francisco, and its my understanding that thisll be the first large multifamily unit for Affordable Housing that will have units for the middleincome households, and i think everybody should be aware of the shrinking population that we have of the middleincome population in this town. Secondly, i think the development of the ground floor is another real positive outcome. Rather than having a large parking garage that wouldnt add to the ambiance of the neighborhood, we have a location for child care for the children. All of this will serve to activate the neighborhood further. I think it will create a much more pleasant experience along this area of broadway. And then finally, i want to mention the certainly our appreciation to the John Stewart Company and Bridge Housing. The design is attractive. Theyve gone through a number of extra measures to make sure its not a boring, institutional structure, and i certainly appreciate all the different opportunities that they have provided to for the neighborhood to get some input. So with that, ill just close by saying i think this project is a tremendous asset, will be a tremendous asset to the neighborhood, and it will make this stretch of broadway even more inviting. And so with that, i am done, and i will let john stewart handle the closing of this ceremony. Thank you. [applause] thank you. I have to add one codicil to whats been said. We observe neighborhood reactions to the concept of formerly homeless, and they run screaming from the run. Theres a lack of opposition. On this project, theres six entities that reviewed all of all of our designs and plans and our sociology. Not once did i hear anybody say oh, wow, youre going to have formerly homeless . Therell be 37 formerly homeless . That to me was a first. And also, i think they liked the idea of combining the two. That hybrid between formerly homeless making general assistance 30 of a. M. I. And people making 10,000 a month will be a grant interesting social experiment that we as a company have not tried before, and im sure our supervisor will be making many calls to us. In fact, i can hear you now, aaron. His battery has gone dead. I will quickly say there were a few other stars in the community. I just want to give a quick shoutout to ed stan hayes. Janet, barbara, janice, and ken. The fabric of this neighborhoods going to change with the additional units. Architect, l. M. S. Bill letty, Aaron Thorton were in every one of the Public Meetings that we had over four years. Theyll bore you to death talking about quotes, but theyre really nice people at heart. Lenders, b of a, and the woman with the money, kate hartley. Thank you, and thank you. The contractor, what can you say . Cahill happened to be the contractor 17 years ago at north beach place. Actually, i think Howard Carlson was one of the supervisors then, and he still is, so thats what i call good employee retention. We have alex shafer, don brooks, and of course, chuck pele is one of our stars. Hes fantastic. And the port, weve already done that, Elaine Forbes. Mickey tuzanni and michael martin. Gail gilman and Victor Makras are on the commission, and theyre here today, and thank you for attending. Cindys staff are what we call our intrepids. Thank you, mayor breed, for causing them to be so totally active. I would start with kate hartley, kudos to you. You were with this thing from the beginning. We appreciate it. Youve got a great team. Luther from social services, cushman and wakefield are all going to be contributors to this. We do have a cafe and a restaurant going in here, and youre all expected to come and be big tippers when we open up that restaurant. Bridge side, and i have to say, im looking at cynthia, marie tabor, give her a raise. She paid me to just say that. You owe me, marie, and in our office, several people have dedicated a large part of their lives to this. Lastly, there are some empty chairs who represent back in the day. Olson lee, well have the cobblestones along with the make America Great caps. Last, mayor ed lee. He loved this project. I remember talking to him about this the week before he left us, and he loved this. What a fantastic legacy for you to carry on, and dont think we forget about it, supervisor peskin. So with that, i stand between you and a free lunch, and there is one occasionally, so we are now going to do the ground breaking. Somebody needs to get a shovel, and we need some earth. Well do that, and then, well all get a free lunch. Thank you very much, everybody, for coming. The hon. London breed five, four, three, two, one. All right. Get to work hi. My name is carmen chiu, San Franciscos elected assessor. In our seven mile by seven mile city, we have over 210,000 properties and close to 90 of their are residential like the homes you and i live in, so you might ask, how can we possibly value all these properties . Well, to better understand our work, we need to explain the states proposition 13 law. In 1978, california voters passed proposition 13. Under prop 13, we value your property at market value when you first buy it. Every year after, that value goes up by the c. P. I. Or the California Consumer price index. But if the c. P. I. Is more than 2 , prop 13 caps the increase at 2 . Well walkthrough the maximum increases prop 13 would allow. Lets take a home with initial value of 400,000. In the second year your assessed value grows by a maximum of 2 , growing from 400,000 to 408,000. In year three, that 408,000 is increased by 2 to roughly 416,000. Every year, the value grows by the maximum rate of 2 , and that is called your prop 13 value. Keep in mind as time goes by your prop 13 value may not be the same as market rate. What do we mean by that . Lets say over the last ten years, home prices in San Francisco have gone every roughly 10 every year. Despite that, your prop 13 value is capped at 2 growth creating a difference between your market value and prop 13 value. Know that the value recessed when theres a change in ownership. A change in ownership means that the property has a new zoner. Maybe through a new owner. Maybe through a sale, a gift or adding or dropping names through title. At that time the home will be assessed a new market rate. That value becomes a new starting point for the property. Just like before, the Growth Continues to be limited at 2 until the next transfer happens. Remember, the new owners are responsible for paying taxes at the new level from the first day that they own it. Value might also be added when construction happens on your property. That would be another instance when growth in your value might exceed 2 . Here, we would add the value of construction on top of your existing prop 13 value. Every july, well let you know what your assessed value is by sending you a letter called a notice of assessed value. You can use that information to estimate your property taxes early. Please note that a separate office called the treasurer Tax Collectors Office will send you a letter in october and theyre responsible 230r collections. For more information, visit our website, the goal is simple. Its to raise womens voices. Learn a little bit about what you should be thinking about in the future. We had own over 300 over 300 people who signed up for the oneonone counseling today. I think in the world of leading, people sometimes discount the ability to lead quietly and effectively. The Assessors Office is a big one. There are 58 counties in the state of california and every single county has one elected assessor in the county. Our job is to look at property taxes and make sure that we are fairly taxing every single property in San Francisco. One of the big things that we do is as a result of our work, we bring in a lot of revenue, about 2. 6 billion worth of revenue to the city. Often, people will say, what do you do with that money, and i like to share what we do with property taxes. For every dollar we collect in property taxes, about 68 cents of it goes to support public sstss, our police officers, our fire departments, our streets, our cleaning that happens in the city. But i think what most people dont know is 34 cents of the dollar goes to public education. So it goes to the state of california and in turn gets allocated back to our local school districts. So this is an incredibly important part of what we do in this office. Its an interesting place to be, i have to say. My colleagues across the state have been wonderful and have been very welcoming and share their knowledge with me. In my daytoday life, i dont think about that role, being the only Asian American assessor in the state, i just focus on being the best i can be, representing my city very well, representing the county of San Francisco well. By being the only Asian American assessor, i think you have a job to try to lift up and bring as many people on board, as well. I hope by doing the best that you can as an individual, people will start to see that your assessor is your elected leaders, the people that are making important decisions can look like you, can be like you, can be from your background. I grew up with a family where most of my relatives, my aunties, my uncles, my parents, were immigrants to the united states. When my parents first came here, they came without any relatives or friends in the united states. They had very little money, and they didnt know how to speak english very well. They came to a place that was completely foreign, a place where they had absolutely nobody here to help them, and i cant imagine what that must have been like, how brave it was for them to take that step because they were doing this in order to create an opportunity for their family. So my parents had odd jobs, my dad worked in the kitchens, my mom worked as a seamstress sewing. As we grew up, we eventually had a small business. I very much grew up in a family of immigrants, where we helped to translate. We went to the restaurant every weekend helping out, rolling egg rolls, eating egg rolls, and doing whatever we need to do to help the family out. It really was an experience growing up that helped me be the person that i am and viewing Public Service the way that i do. One of the events that really stuck with me when i was growing up was actually the rodney king riots. We lived in Southern California at the time, and my parents had a restaurant in inglewood, california. I can remember smelling smoke, seeing ashes where we lived. It was incredibly scary because we didnt know if we were going to lose that restaurant, if it was going to be burned down, if it was going to be damaged, and it was our entire livelihood. And i remember there were a lot of conversations at that time around what it was that government to do to create more opportunities or help people be more successful, and that stuck with me. It stuck with me because i remain believe government has a role, government has a responsibility to change the outcomes for communities, to create opportunities, to help people go to school, to help people open businesses and be successful. Make sure to be safe, and of course to have fun. And then, i think as you continue to serve in government, you realize that those convictions and the persons that you are really help to inform you, and so long as you go back to your core, and you remember why youre doing what youre doing, you know, i think you cant go wrong. Its funny, because, you know, i never had thought i would do this. I became a supervisor first for the city under very unusual circumstances, and i can remember one day, im shopping with friends and really not having a care in the world about politics or running for office or being in a public position, and the next day, im sworn in and serving on the board of supervisors. For many of us who are going through our Public Service, its very interesting, i think, what people view as a leader. Sometimes people say, well, maybe the person who is most outspoken, the person who yells the loudest or who speaks the loudest is going to be the best leader. And i think how i was raised, i like to listen