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There is already a shortage of Affordable Housing and the need in the neighborhood is great. Prices in the south of market neighborhood is escalating rapidly. If you look onto craigs list at market rate sro [speaker not understood] at 1700, a large studio is at 22, a twobedroom at 3200. Many of these residents have been living in the south of market neighborhood for over decades and what we do need is Affordable Housing. So, right now were asking you to ensure higher Affordable Housing impact fees for Affordable Housing. That is the need. And even before soma became the place to be, you know, i grew up in the neighborhood since i was 9 years old. So, theres families there that have remained decades. What the constant need is to remain in the neighbor ....
8, broadway family apartments. Thank you, mr. Marti. Can i ask two questions . Chair wiener . Mr. Marti. I want to make sure i understand what youre saying. Did you just say that in eastern neighborhoods the transit fees dont go down . That was not my understanding. That is what i heard, that they remain stable. So, they stay at tier 1 from the base, where a project is rezoned or not. Is that backwards . I believe in western soma the fee adjustments were modeled in part on eastern neighborhoods, if im not mistaken. I want to make sure were operating from the same facts. Cory teague staff. The model 1 is different from eastern neighborhoods, umu. That district, the resident impact fees are kept at tier 1 all the time. And instead of having the impact fees tiered based on the up zoning, the Affordable Housing is tiered up with the up zoning. And the rest of eastern neighborhoods, your i am impact fees are tiered 1, 2, 3 based on ....
Lowincome families and seniors and individuals that cannot be present because theyre working or unable to be here. One of the main concerns we see daily in our office is definitely Affordable Housing. Even as i speak, there are many of these families that are also applying for a wait list. There is already a shortage of Affordable Housing and the need in the neighborhood is great. Prices in the south of market neighborhood is escalating rapidly. If you look onto craigs list at market rate sro [speaker not understood] at 1700, a large studio is at 22, a twobedroom at 3200. Many of these residents have been living in the south of market neighborhood for over decades and what we do need is Affordable Housing. So, right now were asking you to ensure higher A ....