thank you for the public making comments. i want to thank supervisors ronan s office for bringing this forward. i wish we had done this several years ago. in the last few years, as we heard from the public, it s been several fires in the mission and also in the tenderloin. it seems like knowing all details, that these fires could have been preventable if the buildings were up to code. it seems like there were a lot of electrical issues. we need some to make these landlords bring things up to code so it s safer for our residents. it s traumatic for people that have to go through that and the families to move and figure out what to do and they lose everything and have clothes. thank you supervisor ronan and carolyn for working on this and i d like to add it as a co author. great. anything else? i think we can make a motion to send this to the full board with positive recommendations. at this think just so everyone understands why sometimes this is heard in two different commi
so, small sites acquisition money will be used and it will help you more with the take out financing? in this example, that s what you are saying? is that how you anticipate utilizing this funding? yes, that s correct. take-out financing as well as acquisition is what we re calling direct acquisition. so you could have if this would have been proved prior you could have used this money to do the 13 million-dollar up front? that s correct. and, as you said, in this case, it s an estimated savings to the city of $2 million in small sites program funding which, you know, it s enough money to do another six-unit project. again, i m just not familiar. what do you mean by permanent take-out financing? i don t understand that term. permanent take-out financing is financing for the stabilization period. in mortgage and real estate, financing, you typically have different financing for the construction period, the period where there s work being done and then the stabili
meeting of the budget and finance committee for june 29, 2016 will begin shortly. please stand by for the meeting to begin. good afternoon everybody. welcome to the san francisco board of supervisors budget and finance committee meeting for wednesday june 29, 2016. my name is mark farrell. i am chairing the committee and joined by the vice chair katy tang and supervisor wiener and thank the clerk and staff from sfgtv for covering the meeting today. with that madam clerk do we have any announcements? yes mr. chair. please silence all cell phones and complete speaker cards and documents to be part of the file should be submitted to the clerk. items acted upon today will be on the july 12 board of supervisors agenda unless otherwise stated. okay. madam clerk will you call item 1 and two together. item 1 resolution determining and declaring that the public interest and necessity demand the acqusition improvement and accountability and conversion of at
team with respect to every single fire have stepped up to the plate not only in trying to find housing for the victims of many fires that have taken place but also working with my office the city agencies to prevent the fires and so i failed to mention that and i want to say that but i wanted to know that. i know for instance, with every fire, i don t know we would ve been able to find housing for every one of those victims without the apartment association playing the role that are played and i know just now with the latest fire that they re playing an instrument to roll in and find housing for these folks. i want to personally thank the san francisco apartment association for the leadership ever knowing that the city cannot solve this on some to the private sector has a role to play mesa may have played a very important role. with that, mdm. chair, i like to continue this will to continue this item to the call the chair. if we can make a motion to excuse the supervisor.
good afternoon everybody. welcome to the san francisco board of supervisors budget and finance committee meeting for wednesday june 29, 2016. my name is mark farrell. i am chairing the committee and joined by the vice chair katy tang and supervisor wiener and thank the clerk and staff from sfgtv for covering the meeting today. with that madam clerk do we have any announcements? yes mr. chair. please silence all cell phones and complete speaker cards and documents to be part of the file should be submitted to the clerk. items acted upon today will be on the july 12 board of supervisors agenda unless otherwise stated. okay. madam clerk will you call item 1 and two together. item 1 resolution determining and declaring that the public interest and necessity demand the acqusition improvement and accountability and conversion of at risk multi-unit residential buildings to permanent affordable housing and performing need the seismic, fire, health, and safety upgrades and