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Strong neighborhoods and communities versus financial profit and taxes, the city makes taxes whenever we can. Im here knocking on the door of market rate rents. Overhead, please. 80yearold gal, her market rate rent went up 600. She moved to another building and stroked ten months later. Wonderful little couple. Both of these are the nicest people. This couple, i didnt get a chance to shoot the photograph of that. This is the second rent increase. One of our residents who is still living there, a long time resident, about 20 years, she worked for the giants. She has to continue working for the giants because her below market rate apartment isnt paid for by her social security. Section 8, any unit there in section 8 . Any seniors . Weve four different groups of seniors, seniors that own their own home and cant take care of it, seniors whose legs are broken. We need to move homeless and put veterans in. There are disabled and less fortunate people that are part of our community. A market ....
Blurry eyed but happy the deal had been done and i want to recognize the giants. I think one of the things missed in the conversation but eluded to is that the giants are very prolabor organization. We have a lot of folks from Labor Community represented in the room. Not only the workers on site but the workers that will build the facility and this is going to create thousands of jobs for them and then also this was forward thinking in the sense that now we have many projects on public and non Public Land Following in the footsteps, i know we spent a year negotiating a project now that will be 40 affordable and so the expansion of that and this was the groundbreaking project in that regard. So middle class and working class families but also the long conversation we had on inclusionary housing. This is not just lowincome affordable, this is really and truly middle cla ....
Business plan is that right now for new facilities, distribution, stuff that we cant fund through Revenue Bonds, we have to pay cash. And so this gives us a vehicle to debt finance using our revenue. And so we are unable to do that on any new facilities. So, that was the thinking of trying to make the power enterprise. We always had the ability for clean power, not cleanpowersf, but clean power, we have that authority already. But as barbara and they have said, we are separating the business units, or we have hechi and we want clean power to stand on its own. So we started having clean power, you know, at a really relied on the power enterprise and initiation or the start, but now we have it where its true and not codependent, so we want to continue that. Right. I understand that. I just was surprised to first learn about the power Revenue Bonds charter amendment, you know, at ....