Want to thank everyone for coming today. This is truly one of the most proud that ive ever been at Mission Housing and on behalf of us, to you, thank you for coming. Kapuso at the upper yard is a true product of whats possible when Community Works together. Youd have to go all the way back to 2008 for when Community Groups and organizers really started focusing to work on this, which is well over a decade. It was the community who came together to ensure that this piece of land would one day become the landmark that it is today. This development is many communities, many cultures and ethnicities, many heartbeats acting as one. It is from this unified heart that we derive the name kapuso at the upper yard, taken from the tagalog word for heart. We added a car in front of it to show the unification of many things into one. At its core. Kapuso at the upper yard is all of us, its community, its developers, its politicians, its allies of Affordable Housing coming together to form one heart. And we hope you enjoy it as much as we do. Thank you. Now id like to ask Ann Silverberg to step up. Thank you. I am Ann Silverberg. Im ceo for norcal affordable at related and we three are sharing the welcome. So im going to do my part and say welcome to everyone. Thank you so much for coming here today. I know some of you have traveled very far, but it is a Beautiful Day in the city and we are really, really happy that you are here celebrating with us. Youve heard a little of this development. Youll hear so much more over the course of the program here. But this development really is a perfect example. All of what we can do when we all Work Together toward the same end goal, thats what we try to do all the time. But that really, really happened here. As youll hear throughout the program about the partnership between so many critical players, the community, the city, the developers, the, the state, the transit agencies, the funding partners, the architect, the contractor. Everybody worked together. Everyone really brought their a team, their best, best players, really, truly excellent folks coming together and really feeling very passionately about making sure that this got done and got done well. And i think if you kind of take it in, if you go to the ground floor and the retail spaces and the Community Spaces and take in the public art, which is so gorgeous. And i hope you all come this way and look at the mural as well and the connection to transit and the plaza and all of the attention to details and the Beautiful Homes that were created here. I hope you feel as i do that this is not just an ordinary building. This is an extraordinary building. This is really an amazing place to be. And i think it is really the passion, the collaboration, the partnership, everyone coming together to make this happen. And its really the heart and the unity that sam was talking about, that the community, the concept that the Community Created so many years ago, its a continuation through the development process. And we really hope it continues for all of the residents who have decided to make kapuso their home. All right. So today, may we have a number of very, very distinguished guests to help us celebrate this grand opening. Im very, very excited about this all star team here. We have treasurer fiona ma, we have senator scott wiener. We will soon have mayor london breed and supervisor asha safai. We also have Vanessa Rodriguez from wells fargo, janet lee from bart tilly chang from the San Francisco county transport authority. Terrence valin from the Filipino Community center. Juan moya, thank you. Okay, good. I did it. One of our wonderful kapuso residents, unfortunately, secretary Castro Ramirez and director Gustavo Velasquez were not able to make it today, but they send their regrets and we are very, very appreciative of their support. I would like to also say we would not be at this point today without the San FranciscoMayors Office of housing and ed eric shaw, lydia ely, sarah amaral, jennifer collins. The newest addition to the team. Mara blitzer. Robin wang and brendan dwyer. Thank you all very much. Also, the partnership and coordinated efforts with bart janis lee, bevan dufty, abby, abby thorne, lyman, who recently left bart but worked very hard on this project. Carly paine, tim chan, Nicole Franklin and many others. And our wells fargo partners provided an incredible amount of capital. Vanessa rodriguez, terrance cordero, eric limbach, tim mccann, john coe and lorenzo cordova. And i last want to mention our fabulous, fabulous development partner, Mission Housing. I cant say enough about them as a partner or about this partnership when it works well. It really works well. And both partners brought their strengths and supported each other. We worked really, really well all the way through the process, so im very grateful to sam moss, marsha contreas, kevin kitchenham, wade reynolds, julio lara and scott falcone. So thank you very much. And also to the caritas management company. Thank you, sam. Thank you. Thank you. Okay more from me. We have someone whos not here yet, so were changing the program a bit. All right. So i know you all know this already, but developments like this require layers and layers and layers of funding and id like to acknowledge the very critical capital from the California Department of housing and Community Development, as well as the strategic growth council. And we have money through the program as well as the iig program. The Mayors Office of housing and Community Development, wells fargo bank, and our permanent lender, the California CommunityReinvestment Corporation mission. All right. So im going to introduce our first speaker. We are thrilled to have california state treasurer fiona ma with us today as californias 34th state treasurer. She was elected in 2018 with more votes than any other candidate for treasurer in the history of the state of california. Thats amazing. Her office provides funding for schools, roads, recycling and waste management, hospitals, public facilities, crucial Infrastructure Projects , and most importantly, to many of us, housing. And she does all of that to better the lives of california residents. In december of 2020, she approved 47 million of tax credits and 60 million in tax exempt bonds. For this development, please help me welcome treasurer fiona ma. Thank you very much, anne and sam. And to everyone it definitely takes a village and this project is probably one of the hardest ones that have come through my office since i got elected as state treasurer in 2018. I served on the San Francisco board of supervisors representing the sunset district from 2002 to 2006, and some of these projects are still working its way through the system. This was one of the more difficult ones and i just want to let you know that your mayor london breed your supervisor, asha sapphire, were on the phone with me a lot saying, hey, we need more of this. We need more time, we need this, we please wait and, you know, put us back in line. But everything did work out. And over the last four years, we have really focused on new construction for very low and extremely low individuals. And this example is for amis of 30 to 80 of ami for working families, which is sorely needed. And of course, the transit is right here. So this is clearly one of the Transit Oriented Development projects, one of the stars. But it kind of wasnt ranking that high, believe it or not. I mean, we should have given it extra points, but maybe it would have been built faster. But thats how the system works as your state treasurer last year, 3. 7 trillion went through my office. I invest the states excess funds as well as issue all the bonds, even through the pandemic. And we never missed one round here at cid or tcac. We got two rounds of federal 9 federal tax credits, which went to help some of the fire devastated regions and just working together with all of my partners and all of you, we are continuing to see movement in this Affordable Housing crisis. So kudos for this amazing project. Thank you, bill witty. And thank you to our partners at the state and at our transportation levels. As well. So thank you. Thank you, treasurer ma. So id like to introduce our next speaker. We are very, very happy to have with us today mark caswell, Program Manager for the Affordable HousingSustainable Communities Program at the strategic growth council. Mark, there was a there was an illness i think in your stepping in, he promises hes trained in improv. Im so impressed that he is doing this. So thank you very much was a very important part of the Capital Stack for this development provided very important funds for the housing. But also paid for the plaza. If you could see behind us the whole bart plaza was paid for by asic and so its very, very important funding and we appreciate your being here today. Mark. Right. Thank you, anne, and thank you everybody for being here. Mark caswell Program Manager. Affordable housing Sustainable Communities Program, which is in the strategic growth council, which is in the Governors Office of planning and research, and our director, sam assefa, sends his regrets for being unable to attend today, the program really brings makes sure that were funding not only Affordable Housing, but also bringing together other components that will help benefit Community Members and the surrounding community. So not only did we fund 20 million worth of housing funds, but were complementing that with the 9. 5 million investment. Thats to build transportation and other public goods. Were building a bikeway on. Were funding the building of bikeway. The sfmta is building the bikeway on 19th Street Mission avenue, which is actually under construction right now. Theres also pedestrian bulbouts throughout the area to improve pedestrian safety, and we widened sidewalks as well. And then we also have a Great Partnership with bart, with the developers are able to Work Together with bart to purchase three new bart cars to reduce Greenhouse Gases and really help make sure this this program meets its goals and the state is able to reduce Greenhouse Gases while also building more Affordable Housing. So were really combating both the Climate Crisis as well as the Housing Affordability crisis. And this program and this project is such a great example of our Work Together there and our commitments at the state. So i just want to thank everybody for being here. Thank you. Well done. And thank you, mark. Thank you. Um, so our next speaker, vanessa, Vanessa Rodriguez is the managing director and the head of Community Lending and investment at wells fargo bank, one of the top, top lenders and investors in Affordable Housing in the United States. Vanessa manages a team of 170 associates, a nationwide with debt and equity portfolio totaling 24 billion in commitments. Her Team Provides various Financial Solutions to support Community Development needs, including debt and equity for neighborhood revitalize nation through tax credit equity for Affordable Housing and projects like this. She and her team played a key role in financing this development with a construction loan of over 80 million in tax credit equity as well. We are incredibly grateful for the partnership. Thank you. Please help me welcome Vanessa Rodriguez. Thank you, anne. And thank you so much for inviting me to speak today on behalf of wells. Guess i just want to start off with saying that wells believes that everyone should have a quality place to call home Affordable Housing is a top priority of the bank, and over the last five years weve provided about 21 billion of capital, all for the development and rehab of Affordable Housing throughout the us. We have a number of other initiatives around housing that include flexible down payment Financing Options for our homebuyers. Weve. Provided 450 million of flexible capital for Community Development, Financial Institutions and nonprofit Housing Developers nationally. And weve donated over 500 million to help address this housing affordable quality and stability in both Single Family and multifamily rental space. So it is a top priority of the firm and i hope those numbers tell that story. In terms of San Francisco proper, where weve done about 1,000,000,003 of capital through construct finance and tech Equity Investment over the last ten years, since 2012, as well as another 230 million of permanent finance through the gses during that time frame. This represents development and preserves a nation of approximately 3200 units in San Francisco. And these figures do include the 138 million of capital that we provided to kapuso at the upper yard. My colleague terrance schooled me on the term, the terminology here kapuso a tagalog word. So thank you, terrance, for bringing me up to speed. The translation hearts coming together for or of the same heart, which i think is really beautiful. Its a testament to the Larger Community here, you know, coming together, moving together, looking towards a common goal of affordable, quality housing. Were thankful to be a part of it. Were thankful to be part of this collective vision, to take a city owned parking lot and turn it into this high quality, Affordable Housing adjacent to bart and really make a place here, you know, pedestrian friendly, public oriented and this beautiful plaza behind us. So this project hits like a lot of levers for us is affordability, right . Targeting low and moderate income families and individuals, sustainable will be a big priority at wells as well. And we think a critical aspect to providing safe and stable homes for families. So the Energy Efficient designs here are the addition of adjacent to bart and the addition of the plaza where the community can come together for events and everything. I think, hits all the hits, all the buckets for us at and you know, the support from hcd and the city and county of San Francisco for the development and the transportation infrastructure improvements. Its really just a win win. All around. I certainly would be remiss if we didnt acknowledge the great sponsorship here, which in our view is certainly top notch. The related companies is a huge client of ours. The relationship spans 25 plus years. I dont know if you have this count, but i think weve done over 65 projects together nationwide and four projects in San Francisco through 2020 2022. Thats about 335 million. In those three four projects excuse me. And about 580 units here in San Francisco. So and we just recently partnered with them again on the revitalization of the sunnydale community, specifically blocks three a and three b, so were really excited about that one as well. And were delighted to continue the relationship with Mission Housing, one of the Top Community based Affordable Housing developers and operators in San Francisco. This isnt our first project. Weve done a few with them already, creating over 200 Affordable Housing units. So you know, were extremely happy to be here. Were so excited about this project and watching it come to fruition. Thank you to my team for always doing a great job of taking care of the clie