to set a goal of 33% of affordable housing in our new production. under proposition k. to do this, requires a careful balance of both preservation and protection of our existing affordable housing which by and large are rent-controlled units as well as planning for and producing new affordable housing. whether it is through our on site inclusionary policy which we just amended the year, on-site acquisition or through our area plans. today we re holding this hearing and votings on the resolution because part of achieveling this affordable goal is to have accountability and monitor the efforts of city. the report is clear that while we have increased our overall affordable housing production since last year by 1.6%, the reality is that over the last 10 years, for every three affordable units the city built, we lost two rent controlled units. as our housing rights advocates have stated, it s three steps forward and two steps back, which can be incredibly frustrating and this is
inflation. supervisor: that s how much income has gone up as a whole for the city? yes. supervisor: okay. and that compares with what housing prices have done. they ve gone up about 100% and total income has gone up about 90%. supervisor: okay. thank you. supervisor: but we re looking at the new employment that s come into san francisco is the ones driving that higher wages? those are the ones getting the higher wages. can we make that correlation? we haven t looked into this for this particular presentation but i think wages overall are going up. certainly wages in the tech sector. supervisor: frankly, city government the wages go up 2% or 3% not by this percentage. you re seeing a disparity amongst people who have employed by city and county, for example, and people in a private industry which i think has implications also not only for our housing costs but our workforce too. what you re telling me is there s an increase in employment that s come in. our cit
what may be a better explanation is employment and wages. if you multiply the number of jobs by the number paid we get a total income for san francisco which has increased about 90% since 95 adjusted for inflation. supervisor: that s how much income has gone up as a whole for the city? yes. supervisor: okay. and that compares with what housing prices have done. they ve gone up about 100% and total income has gone up about 90%. supervisor: okay. thank you. supervisor: but we re looking at the new employment that s come into san francisco is the ones driving that higher wages? those are the ones getting the higher wages. can we make that correlation? we haven t looked into this for this particular presentation but i think wages overall are going up. certainly wages in the tech sector. supervisor: frankly, city government the wages go up 2% or 3% not by this percentage. you re seeing a disparity amongst people who have employed by city and county, for example, a
is employment and wages. if you multiply the number of jobs by the number paid we get a total income for san francisco which has increased about 90% since 95 adjusted for inflation. supervisor: that s how much income has gone up as a whole for the city? yes. supervisor: okay. and that compares with what housing prices have done. they ve gone up about 100% and total income has gone up about 90%. supervisor: okay. thank you. supervisor: but we re looking at the new employment that s come into san francisco is the ones driving that higher wages? those are the ones getting the higher wages. can we make that correlation? we haven t looked into this for this particular presentation but i think wages overall are going up. certainly wages in the tech sector. supervisor: frankly, city government the wages go up 2% or 3% not by this percentage. you re seeing a disparity amongst people who have employed by city and county, for example, and people in a private industry w
cosponsors, supervisors kim,fewer ronen, cohen, and safai. we really need to help our allies at the staff level to help us pass this legislation. i really hope we have a hearing on this and that everyone can be convinced that this is what we need in san francisco. thank you supervisor yee. supervisor breed. and supervisor cohen, you indicated that you were submitting, correct? yes, that is correct. supervisor farrell. last week we had a few affordable housing deals coming through our ordinance and we all agreed there were too many questions for the developers to afford. i think supervisor kim for getting this together. in addition the planning department staff had paired our supervisors. our staff in this department provided a financial analysis of this but maybe i m just used to the budget and finance committee but there is no process to verify these financial deals done for ordinance. i commend our staff to do their best to evaluate the ordinance for fiscal impact but i