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SFGTV December 30, 2012

Marketrate development. It would depend. So those projects that were contemplating . Great. Commissioner antonini, i would move to adopt . Second. Commissioner antonini . Yes, as you know, there is a statewide requirement to provide housing for all income levels and in particular county or cities. But it does not necessarily have to be inclusionary housing. I mean, you can use other methods of doing it. From what i understand, and maybe you could comment on other jurisdictions within the bay area . What do they do . If they use inclusionary, what sort of percentages of ami are they using for their rental and housing or ownership units . Are they similar to ours . Are they lower percentages . Well, there is an ami level and there is also the 15 onsite and 20 offsite . Im afraid i cant comment on that. I am not familiar with Inclusionary Programs in other jurisdictions. That is a problem for me, because when i am asked to vote ....

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SFGTV December 22, 2012

Effective date basically saying that the Procedures Manual and associated documents do not become effective until this associated ordinance becomes effective. So those are two of the nonsubstantive changes that i think should be added to the resolution. The other in responding to representative for a project which you had approved in october. They were concerned that some of the changes might apply to this project, which you had approved, but they havent finalized their entitlements. This is a project that has some of the cdlacfunded units and they felt that going through the inclusionary housing might be burdensome for them. We dont think its burdensome and we dont think it was intended to apply to projects that you already approved and therefore, were recommending that you do a grandfathering for those projects. So that this ordinance and the change of procedures would only apply to those projects that are approved after the ....

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SFGTV December 29, 2012

Call middleincome permanently Affordable Housing stock. That is it and were still waiting for information that shows us that the market is producing anything. In that income category its above where our publicly subsidized Affordable Housing can hit. This is the program that frankly produces housing for the middleclass, who are not able to reach the market. Its impressive over the life of the program. I think you heard a lot of numbers, 1200 units,. That is a good track record. As you all know the Housing Trust fund was a big package. And within that, and i think really smartly, we dont see it as a giveaway, but we see it as a very intentional and thoughtful policy. It incents onsite bmr to the developer for exchange to producing units, bricks and mortar, permanently
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SFGTV2 January 3, 2013

Recertification of income. The fourth point compliance is referenced to the land dedication to give additional instruction to the planners to identify in the review process whether the land dedication applies to a single site or multiple sites in cases where there are multiple parcels being dedicated under the land dedication model. Also under the land dedication model, we make clear that the approval letter that moe issues can change, but only under situations based on new information. But approval by the mayor and the board of supervisors is of course final. And finally, important insertion under our bmr rental to ownership conversion rule. Where the right of first refusal for the existing resident includes pricing at the original bmr rental rate. Or the actual income level of the renter, in cases where the existing occupant or tenant, their income has increased above the rental level. The pricing of the unit under that first right of first refusal scenario would be priced per their ....

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SFGTV January 5, 2013

Again the Housing Trust fund the passage of the Housing Trust fund will generate some modifications to the manual and we plan on come back to you next year for that update. This update doesnt contemplate or contradict any of the Housing Trust fund work. Im going to refer to a memo included in your packet, which outlines the few changes that have happened since the last hearing. The first there was a clarification had a we made that bmr onsite ownership will be priced at 90 ami. We wanted to make that explicit and we added the phrase for those units not able to save, the owner must make goodfaith efforts to ensure that before any modification to the sale price is made, that the owner during a six month period is making a goodfaith effort to sell the unit under the current program. Similar to the first point, were clarifying ....

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