Next, a Senate Committee ooking at Affordable Housing and safety concerns. One of the issues deals with onsider car upon monoxide ctors in all in alln monoxide readers Affordable Housings. To his hearing will come order. Today the committee will receive testimony from leaders in the community on bipartisan opportunities, to expand access to fter for theable housing improve the safety conditions within current federally assisted housing, and to we might better target some of our existing Housing Resources to meet unaddressed needs. Welcome to our witnesses, and thank you for being here and be with us on discussion. Nt join us today are ivory mathews, director of tive the Housing Authority of columbia, South Carolina, mark yost, president and chief executive officer of the skyline champion corporation, and peggy bailey, Vice President for policy at the budget. Hearing ses of todays were focused on examining three bipartisan pieces of in particular that have been introduced in the congres
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and secretary of housing and urban development, both of whom have submitted reform proposals to the president , as well as the director of the federal Housing Finance agency who serves as the regulator conservator of freddie mae and fanny fannie mae and freddie mac. It marks 11 years since the government bailed out and put those where they remain today. Prior to 2008 the Government Sponsored Enterprises held . 45 in capital for every 100 in capital for every 100 in mortgages guaranteed. Now they hold just . 19 after a 200 bailout from taxpayers. 11 years later these systemically Important Companies continue to be too big to fail and are more leverage than they were before the financial crisis. Taxpayers inevitably remain on the hook for the next market downturn. In march pres. Trump signed a memoran
This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum
Plan for it . That got rejected by the cpuc. Commissioner pollock yeah. Do you know if there was any progress on using prop c funds that was the Housing Trust funds on Energy Efficiency . I am not aware. I have no information on that. Commissioner pollock okay. Okay. Its a great question. Commissioner pollock okay. Its 2012 of prop c efficiency . Okay. Commissioner pollock it was a Housing Trust fund and there was i know that supervisor avalos had talked about potentially there could be funds in that that could be used for Energy Efficiency. I am going to find out. I did not believe there were any. I do not believe staff has gotten any of those funds. I like the way youre thinking. Thank you. Commissioner pollock the other question i have is were the programs that have programs come out of the Energy Efficiency task force . Is that still happening . Thats a great, very timely question. The Energy Efficiency task force has completed its work. They completed a report. I have read the rep
Why are we doing that . Whats behind the 30 reduction . Well, when you look at the sources, 1990 and 2017, youll see the pie charts. Youll notice the pies are smaller, and thats because one is 30 smaller. Take a look at the changes. The big change is electricity. In 1990, electricity represented 23 or almost a third of our emissions. Today, its down to 11 . What i want to talk about is the red piece of pie and well come bag to the other pieces of the pie. So what is going on in that electricity decline . Well, part of what happened is the state of california said to the i. O. U. S, everybodys got to have renewable electricity. They set a standard that everybody including pg e were going to meet. Pg e have achieved 51 renewable and 78 gas free, which is good news, except 27 is nuclear. So thats going to go away, and the challenge will be for pg e is making sure they have a mix thats Greenhouse Gas free and ups that renewable. And then, we put in place cleanpowersf during that time perio