Garden. Two also spoke about trade relations under the u. S. Mexicocanada agreement, and about the coronavirus pandemic. Ladies and gentlemen, the president of the united mexican states. The president of the United States, and the president of the united mexican states. [applause] President Trump thank you very much, everyone. It is a nice, hot day to put it , mildly. So we will make this quick, but it is all very positive. And it is my tremendous pleasure to welcome everyone to the white house, with my good friend president Lopez Obrador of mexico. We have an outstanding relationship. Mr. President we are truly moved , that you choose to make your first foreign visit since successfully taking office to be , with us at the white house. The relationship between the United States and mexico has never been closer than it is right now, and as the president said a while ago, the people were betting against that. They were actually betting against that. But it has never been stronger closer.
Welcomed the president of mexico to the white house to sign a joint declaration in the white rose garden. About tradee relations under the u. S. Mexico agreement and the coronavirus pandemic. Ladies and gentlemen, the president of the United States, and the president of the united execute states. Mexican states. Trump thank you very much. Itice, hot day, to put mildly. We will make this quick, but it is all very positive. It is my tremendous pleasure to welcome everyone to the white house, my good friend president Lopez Labrador of mexico. We have at an outstanding relationship. We are moved that you have to make your first foreign visit since taking office, successfully taking office, i might add, to be with us at the white house. The relationship between a night of states and mexico has never been closer than it has been right now. People were betting against that. It is never been stronger, closer. We are doing a tremendous job together. We are cherished partners and neighbors. Our
Mismatch between the number of jobs that are being created and the housing particularly Affordable Housing thats needed to meet that demand. We are also helping here to meet a need that ive heard again and again from the Mayors Office of housing one of the meetings i had early on was to go through the pipeline of Housing Project Affordable Housing projects in my district. One of the most frustrating things was there were a number of projects where we already have the land the city owns the land, and i was told that we cant even begin to build on these sites for in some cases six seven eight years from now because we dont have the funding, because we dont yet have enough money available for the Mayors Office of housing in order to start these projects. So with that, this legislation which im very proud to have introduced and cosponsored, with supervisors mar ronen, peskin brown walton fewer and im hopeful that well have the support of this committee and of the entire board. As you saw i
Office growth. Its not at all connected to or analyzing the pipeline that we already have. Because we know that there are very large projects that are jumping all over each other to try to take whats available under prop m which is expected to at least in the next few years, in the near term, be a lot higher than much closer to the full prop m. I think the challenge we have now is having enough, year over year, because theres way more than the 950,000 that we have available. So i want to be clear the analysis is not connected to the actual pipeline that is existing now. Its based on the past and tends to be a long term forward look assuming the citys economy is as favorable as its been over the past 20 years for office. And to the extent that we bump into the prop m limit, the impact of projects being infeasible above that limit or rendered infeasible by this increase would not have any impact. They would simply be punted into the next year or at some future point when Market Condition
So, we want to at least build the foundation for something that can be ongoing. Oewd believes they can manage that and implement it. I think in hearing from the board of supervisors and briefing them and speaking with them, the businesses are feeling the pain so they want to see the money get out as quickly as possible. So i think we increase the proportion that will go directly to grants in response to that concern. Any other questions before i open it up to the public for Public Comment . Chair, i guess im just having a hard time drawing a bead on this. Who would want a loan if they can get a grant . I mean, who asked for the loans . The guys who are, i mean, i dont understand. Just i think the criteria right now for the grants, only available after the 24month project is delayed. The recommendation is for loans to be available at the inception of the project, which is a difference. That makes the loan more attractive. Attractive to help them sustain during the period of time when co