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The acting secretary of the department of Homeland Security. Thank you for being with us this morning. Mr. Secretary, the f. Y. 21 proposes 49. 7 billion in net discretionary funding for the department of Homeland Security. Chair roybalallard while this is a cut of 750 million below the current year level, the budget also proposes transferring the United States secret service to the treasury department. I want to be clear that absent any enacted law to effect such a transfer, this subcommittee will continue to include funding for he secret service in its bill. The budget requests for f. Y. 21 is actually 1. 78 billion above the current year level. There are some things in the proposed budget that i believe well find strong bipartisan support. Such as funding for the coast guard second polar security cutter. However, ....
Where crude prices are heading. Arabias investment fun have announced fund has toounced investment plans grow the fund to 2 trillion. Currently we have 90 local domestic, 10 international. These are deployed investments. I think this number will continue. We will have cash inflows coming in, so we are growing our portfolio, and that is one of our objectives, the growth of our portfolio. 2025 the percent will be coming out in the international from less than 10 to about 25 . 25 , and where is that cash coming from now . We know you will get some money from the aramco ipo. That is a good start. The investments that we have today, it is basically all liquidity. We need to look at leverage. That is what everybody is doing. Thesel be limited to things. If we are in one project, we can use down the line the project as a base for the leverage with no recourse to the rest of the portfolios. How do you plan to love her up . Lever of . How much leverage do you plan on using . We hired a new trea ....
To grow the fund to 2 trillion. Currently we have 90 local domestic, 10 international. These are deployed investments. I think this number will continue. We will have cash inflows coming in, so we are growing our portfolio, and that is one of our objectives, the growth of our portfolio. So i think by 2025 the percent will be coming out in the international from less than 10 to about 25 . 25 , and where is that cash coming from now . We know you will get some money from the aramco ipo. That is a good start. The investments that we have today, it is basically all liquidity. We need to look at leverage. That is what everybody is doing. It will be limited to these things. If we are in one project, we can use down the line the project as a base for the leverage with no recourse to the rest of the portfolios. How do you plan to lever up . How much leverage do you plan on using . We hired a new treasury and head of corporate finance. That is part of his mandate. He will come in and about a mo ....
You look at the distribution of units santa clara approved almost 19 hundred singlefamily unit and krois approved 15 hundred and alameda approved 12 and alameda and krois have approximately 5 hundred thousand more residents than San Francisco and over 16 percent we only had 35 houses approved as singlefamily homes the reason people are leaving is because of that in parts of San Mateo County donates notice o not on the tables youve presented but on page 36 we have a shortage of Los Angeles Police department with you should make sure we build the kind of housing that families need and not try to cram too much on the parts of the land. And i was happy to see the big increase in affordable in this particular year as you mentioned unfortunately almost all of it is low and very low but theres very the being built for the ....
Higher than permitted in nevada the stanford housing unit are a critical indicator of the future compared to rests of the bay area San Francisco accounted for 16 units to be constructed only second behind santa clara whether with 4 in a 9 percent it will be in multi singlefamily units this is the next file under review and entitled with the Planning Department. About 4 thousand 8 hundred units were underlined filed with the department as of december 31st the total number of homes was 74 hundred units and the Planning Department approved in title 2 Hunters Point as for Affordable Housing it made up a third of the units added to the stock and seven hundred new units came on line including 4 hundred pl ....