Horrible, horrible. We could not communicate with none of our family members. Reporter how are you doing , right now. I dont know, excited. You know, he didnt have his next or nothing over there. Now were happy, he is here. Reporter there have been just so many of those moments, we did speak with a man who told us that it was first hit by maria. He said Biggest Issue right now is that water is becoming sparse and even being here at Philadelphia International airport is such a departure from where they came from in san juan where airport they have gotten are even navigation and radar backup airport is still without lights, air conditioning. So it has been a struggle to get here but for those who made it home, welcome home. Reporting live from Philadelphia International im alexandria hoff now back to you. Alex, thank you. Also a bucks County Church is mobilize took send help to puerto rico. Volunteers from the International Temple of restoration are filling up a truck with critical suppl
It is essential the process of providing liquidity assistance does not become detached from the fiscal process that is the essence of our charge. The longterm Solution Congress is contemplating the emergency supplemental should have formalized mechanisms to tie liquidity relief to the fiscal plans. Revision of those fiscal plans we are well aware as you stated we have to revise certified Physical Plant in light of the hurricanes devastation. This process will take several weeks, the board will hold 3 listening sessions in which all stakeholders are providing input to those fiscal plans as part of the revision process and also agreed with federal mediators to hold two additional sessions with creditor stakeholders. Our aim is to prepare revised plans. Deadline for the commonwealth to submit the use plans to the board descend the 22nd 2017 with revision through the certification date of february 2, 2018. Deadline for other entities will follow on the heels of that. Achieve transformation
Estate transfer tax, shortterm flip property. When a profit is being made off of the sale. If the resale is within the first year of purchase then the tax will be 24 of the retail price. Within two years, 22 . Three years, 20 . Up to five years at 14 . If you buy property and hold onto it for five years or longer it doesnt impact you at all. The tax also focuses specifically on greedy speculators. It does not apply at all to six categories. Singlefamily homes or condos, Owner Occupied tics or tenancy in commons, new construction, buildings over 30 units. When a Property Owner sells their property at a loss, and lastly, sales to create permanently Affordable Housing. We know that speculation leads to increased housing costs. There have been a number of studies showing that. Also, we know that astronomical housing costs like were facing today in San Francisco is the greatest concern of many san franciscans throughout our city from the rich modxctionv to ~ richmonds and other neighborhood
Is important. District 6 is not the only neighborhood that wants targeted Affordable Housing. So, what does this legislation do if passed . One, the legislation asks that the city establish a rolling tenyear count on the number of Affordable Housing produced in comparison to market rate luxury housing. Affordable housing is defined as 120 of average Median Income and below, according to the Mayors Office of housing, 2014 chart, this would include individuals that make 81,550 and under for a family of four 116,500. Were not even talking about just what most residents consider lowincome Affordable Housing. Were talking about the teacher, the principal, beginning firefighter, police officer, and most san franciscans. In fact, 60 of the city make below that amount. Doing a rough count, based on how we have written it in the measure the city is currently i am balanced and will continue to be for the next few years. If we continue to stay imbalanced in the future, this legislation will never
Inclusionary housing policies. With conshes us in our city that the state of luxury housing, what we are currently building is not creating the housing that we want. This is the first real attempt by the board of supervisors to address the imbalance of Affordable Housing production for 60 of San Francisco residents that make 80,000 or less. This puts us on track to be really serious about what building Affordable Housing means into the future. Going out of balance is not what the city wants. Its not about height, its not about development or even the waterfront. But we must build what san franciscans can afford. I want to thank cosponsors supervisor avalos, campos, yee and mar. And i just also want to make clear we are not closing the door on the legislative process. Hence the new introduction. Everyone supports this goal so lets keep talking and lets pass a package of land use and revenue legislation that gets us to our goal. And finally, on behalf of supervisor london breed and mysel