00:00:10 . >> GOOD MORNING EVERYBODY.
00:00:11 WELCOME TO OUR JUNE 20 TO 2026 RULES COMMITTEE MEETING.
00:00:18 I'M YOUR CHAIR SUPERVISOR SHERMAN WALTON.
00:00:21 SOON TO BE JOINED BY VICE CHAIR STEPHEN SHERYL AND CURRENTLY
00:00:24 JOINED BY PRESIDENT MOUNT MEN. WE ALSO ARE JOINED BY A
00:00:26 SUPERVISOR FOR MELGAR THIS MORNING OUR CLERK TODAY IS
00:00:30 VICTOR YOUNG AND I WANT TO THANK MATTHEW NOW FROM S.F. GOV
00:00:40 TV FOR MAKING SURE THAT THIS MEETING IS PUBLIC AND AVAILABLE
00:00:44 TO THE PUBLIC. MR. CLERK, DO YOU HAVE ANY
00:00:48 ANNOUNCEMENTS? >> YES, PUBLIC COMMENT WILL BE
00:00:52 TAKEN ON EACH ITEM ON THIS AGENDA WHEN YOUR ITEM OF
00:00:55 INTEREST COMES UP AND PUBLIC COMMENT IS CALL PLEASE LINE UP
00:00:57 TO SPEAK ON YOUR RIGHT ACTUALLY NOT ON YOUR RIGHT SHE'S LINED
00:01:00 UP TO SPEAK AGAINST THE WALL BY THE WINDOW TRYING TO FIND MY
00:01:07 SPOT AGAIN. >> ATTORNEY MAY SUBMIT PUBLIC
00:01:11 COMMENT IN WRITING EITHER THE FOLLOWING WAYS EMAIL THEM TO
00:01:14 MYSELF THE RULES COMMITTEE CLERK AT VICTORIA DOT Y O U
00:01:18 AND G AT S.F. GOV DAWG IF YOU SUBMIT PUBLIC COMMENT VIA EMAIL
00:01:23 BE INCLUDED AS PART OF THE FILE.
00:01:26 YOU MAY ALSO SEND YOUR WRITTEN COMMENTS BY A US MILITARY
00:01:29 OFFICE IN CITY HALL ONE DR. CARLTON BUERKLE PLACE ROOM TWO
00:01:32 FOUR FOR SAN FRANCISCO CALIFORNIA NINE FOR 1 OR 2
00:01:35 PLEASE MAKE SURE TO SILENCE ALL CELL PHONES AND ELECTRONICS
00:01:39 DEVICES. ITEMS ACCESSED FROM TODAY ARE
00:01:40 EXPECTED TO APPEAR ON THE BOARD OF SUPERVISORS AGENDA OF JUNE
00:01:43 30TH UNLESS OTHERWISE STATED. >> THAT COMPLETES MY INITIAL
00:01:47 ANNOUNCEMENT. THANK YOU SO MUCH, MR. CLERK
00:01:50 AND PLEASE FORGIVE US ALL FOR ANY RUSTINESS.
00:01:52 I KNOW I HAVE NOT BEEN IN THIS ROOM SINCE THE PANDEMIC AND WE
00:01:55 HAVE NOT HAD A RULES COMMITTEE HERE FOR A VERY LONG TIME.
00:01:59 SO THANK YOU ALL FOR BEING WITH US THIS MORNING.
00:02:02 WITH THAT SAID, MR. CLERK, PLEASE CALL.
00:02:05 >> ITEM NUMBER ONE. ITEM NUMBER ONE IS A RESOLUTION
00:02:08 AUTHORIZING THE DEPARTMENT OF HOMELESSNESS AND SUPPORT OF
00:02:09 HOUSING EXECUTIVE DIRECTOR CHIEF DEPUTIES DEPUTY DIRECTORS
00:02:15 AND PROGRAM DIRECTORS TO SOLICIT DONATIONS FROM VARIOUS
00:02:16 PRIVATE ENTITIES AND ORGANIZATIONS TO SUPPORT
00:02:19 THE EXPANSION OF TEMPORARY SHELTERS AND OTHER HOMELESS
00:02:23 SERVICES TO SUPPORT PEOPLE EXPERIENCING HOMELESSNESS.
00:02:27 NOT WITHSTANDING THE BEHEST OF PAYMENT ORDINANCE, THERE IS A
00:02:31 REQUEST THAT THIS MATTER BE SENT OUT AS A COMMITTEE REPORT.
00:02:33 THANK YOU SO MUCH MR. CLERK AND I DO BELIEVE THAT WE HAVE
00:02:36 DIRECTOR EMILY KORN WITH THE DEPARTMENT OF HOMELESSNESS
00:02:39 AND SUPPORTIVE HOUSING HERE WITH THIS THIS MORNING TO
00:02:42 PRESENT. >> GOOD MORNING.
00:02:43 GOOD MORNING CHAIR WALTON GOOD MORNING PRESIDENT MANDOLIN
00:02:46 SUPERVISORS EMILY COHEN WITH THE DEPARTMENT OF HOMELESSNESS
00:02:50 AND SUPPORTIVE HOUSING AND I'M BEFORE YOU TODAY REQUESTING
00:02:54 APPROVAL OF A RESOLUTION THAT WOULD AUTHORIZE THE SIXTH
00:02:57 WAIVER OF THE BE VESTED PAYMENT ORDINANCE FOR LEADERSHIP OF THE
00:03:01 DEPARTMENT OF HOMELESSNESS AND SUPPORTIVE HOUSING.
00:03:05 TO ENGAGE IN SOLICITATION OF PHILANTHROPIC AND PRIVATE
00:03:08 RESOURCES TO AUGMENT THE EXISTING HOMELESS RESPONSE
00:03:12 SYSTEM IN SAN FRANCISCO WE HAVE HAD THIS WAIVER IN THE PAST
00:03:19 WHICH HAS HELPED US SUCCESSFULLY LEVERAGE RESOURCES
00:03:21 FROM PHILANTHROPY SUCH AS CRANK START OR THE HOUSING
00:03:24 ACCELERATOR FUND. THE SCHWAB FOUNDATION
00:03:27 AND OTHERS THAT HAVE LED TO SIGNIFICANT INVESTMENT IN THE
00:03:31 HOMELESS RESPONSE SYSTEM BEYOND.
00:03:32 WITH THE PUBLIC RESOURCES ARE ABLE TO DO WE ASKED FOR THIS
00:03:36 CONTINUE TO WAIVER GIVEN THAT WE ARE STILL IN A STATE OF
00:03:40 CRISIS WHEN IT COMES TO HOMELESSNESS, PARTICULARLY
00:03:44 UNSHELTERED HOMELESSNESS IN OUR COMMUNITY AND RESPECTFULLY
00:03:48 REQUEST YOUR SUPPORT FOR ONGOING COLLABORATION WITH OUR
00:03:52 PHILANTHROPIC PARTNERS. >> THANK YOU.
00:03:53 THANK YOU SO MUCH. DIRECTOR COHEN.
00:03:56 DON'T SEE ANY QUESTIONS OR COMMENTS FROM COLLEAGUES.
00:04:00 MR. CLERK, WOULD YOU PLEASE CALL FOR PUBLIC COMMENT ON THIS
00:04:04 ITEM? >> YES.
00:04:04 MEMBERS OF THE PUBLIC WHO WISH TO SPEAK.
00:04:05 MR. CHAIR CHAIRMAN, WOULD YOU LIKE TO DO 1 MINUTE OR 2 MINUTE
00:04:09 PUBLIC COMMENTS? THANK YOU SO MUCH.
00:04:11 >> THIS IS A REMINDER THAT WE WILL BE DOING ONE MINUTE PUBLIC
00:04:15 COMMENT FOR TODAY. THE THIS MEETING IS EXPECTED TO
00:04:19 RUN PRETTY LONG AND AS YOU KNOW WE ALSO HAVE BUDGET
00:04:20 AND APPROPRIATIONS TODAY AT 11 A.M. SO WE WILL DO.
00:04:24 ONE MINUTE FOR PUBLIC COMMENT FOR THIS MEETING.
00:04:26 >> THANK YOU MR. CLERK. YES.
00:04:27 MEMBERS OF THE PUBLIC WHO WISH TO SPEAK ON THIS ITEM SHOULD
00:04:31 LIKE TO SPEAK AT THIS TIME EACH SPEAKER WILL BE ALLOWED ONE
00:04:34 MINUTE. THERE WILL BE A SOFT TIME WHEN
00:04:35 YOU HAVE 30S LEFT AND A LOT OF TIME WHEN YOUR TIME HAS
00:04:38 EXPIRED. ARE THERE ANY MEMBERS OF THE
00:04:39 PUBLIC WHO LIKE TO COMMENT ON THIS ITEM?
00:04:44 THERE DOES NOT APPEAR TO BE ANY COMMENT FOR THIS ITEM.
00:04:47 THANK YOU. SAYING NO SPEAKERS PUBLIC
00:04:48 COMMENT IS NOW CLOSED. I WANT TO THANK THE DEPARTMENT
00:04:52 OF HOMELESSNESS AND SUPPORTIVE HOUSING FOR COMING IN AND OF
00:04:56 COURSE PRESENTING ON THIS ITEM TODAY.
00:04:57 I THINK THIS IS IMPORTANT THAT WE DO ALLOW FOR THAT
00:04:59 OPPORTUNITY AS WE CONTINUE TO ADDRESS ONE OF THE CITIES
00:05:03 CRISIS. WITH THAT SAID, SEE.
00:05:07 NO COMMENTS OR STATEMENTS FROM COLLEAGUES I WILL MOVE THAT WE
00:05:10 FORWARD ITEM ONE TO THE FULL BOARD WITH RECOMMENDATION AS A
00:05:15 COMMITTEE REPORT YES ON THAT MOTION VICE CHAIR CHERYL CHERYL
00:05:19 I REMEMBER MADAM AND I HAD A MINUTE HERE WATCHING I.
00:05:23 WELL TONIGHT THAT MOTION IS ADOPTED WITHOUT UNANIMOUSLY
00:05:26 THANK YOU. >> MOTION CARRIES MR. CLERK,
00:05:31 PLEASE CALL ITEM NUMBER TWO. ITEM NUMBER TWO IS A CHARTER
00:05:37 AMENDMENT FIRST DRAFT TO AMEND THE CHARTER OF THE CITY
00:05:40 AND COUNTY OF SAN FRANCISCO TO INCREASE THE AMOUNT OF FUNDING
00:05:43 THE CITY MUST APPROPRIATE TO THE HOUSING TRUST FUND EACH
00:05:47 FISCAL YEAR THAT IS USED FOR THE CREATION ACQUISITION
00:05:48 AND REHABILITATION OF AFFORDABLE RENTAL AND OWNERSHIP
00:05:51 HOUSING. FOR DOWNPAYMENT LOANS
00:05:55 AND HOUSING STABILIZATION FOR CERTAIN HOUSEHOLDS AND FOR
00:05:56 HOUSING RELATED INFRASTRUCTURE PROVIDED FOR A TEMPORARY FREEZE
00:05:59 AND TEMPORARY REDUCTION IN THE ANNUAL APPROPRIATION TO THE
00:06:03 HOUSING TRUST FUND UNDER CERTAIN CIRCUMSTANCES EXTEND
00:06:06 THE SUNSET DATE OF THE HOUSING TRUST FUND FROM JULY 1ST, 2043
00:06:10 TO JULY 1ST, 2058 AND DELETE OBSOLETE PROVISIONS AT AN
00:06:13 ELECTION TO BE HELD ON NOVEMBER 3RD, 2026.
00:06:17 >> THANK YOU SO MUCH. >> AND AS STATED WE ARE JOINED
00:06:21 BY SUPERVISOR MALE GORE THIS MORNING.
00:06:23 >> SUPERVISOR YOU HAVE THE FLOOR THANK YOU SO MUCH CHAIR
00:06:27 WALTON FOR SCHEDULING THIS AND THANK YOU COLLEAGUES FOR
00:06:31 HEARING THIS ITEM TODAY. I BELIEVE THAT THIS IS ONE OF
00:06:34 THE MORE CONSEQUENTIAL ITEMS THAT WE MAY BE PLACING ON THE
00:06:38 BALLOT THIS NOVEMBER GIVEN THAT OUR CITY HAS BEEN FACING WITH
00:06:42 A. FACE A HOUSING PRODUCTION
00:06:46 ISSUE. IT'S BEEN STALLED AT RENTS
00:06:47 AND EVICTIONS ARE HOWEVER AT A HIGH WE'VE ALWAYS NEEDED A
00:06:54 LIFELINE A DEDICATED STABLE SOURCE OF FUNDING FOR
00:06:55 AFFORDABLE HOUSING THAT IS NOT DEPENDENT ON THE WHIMS OF THE
00:06:59 MARKET. WE ARE FACED RIGHT NOW WITH A
00:07:03 SITUATION THAT IN A COUPLE YEARS.
00:07:06 THERE IS NO FUNDING FOR WHAT WE HAVE IN TERMS OF THE PRODUCTION
00:07:13 OF THE PIPELINE. AS WE ALL KNOW IT TAKES A GOOD
00:07:16 FIVE SIX YEARS BETWEEN THE TIME THERE'S A PREDEVELOPMENT OF A
00:07:21 PROJECT TO WHEN THERE IS A CERTIFICATE OF OCCUPANCY ISSUED
00:07:24 FOR AN AFFORDABLE HOUSING. ON THE WHOLE SOME PEOPLE HAVE
00:07:28 BEEN ABLE TO PULL IT OFF FASTER BUT THAT'S THE AVERAGE.
00:07:29 >> SO WHAT HAPPENS WHEN WE ARE FUNDING AFFORDABLE HOUSING
00:07:33 PRODUCTION WITH FEES IS THAT WHEN THE MARKET IS REALLY
00:07:41 HEALTHY, WHEN MARKET RATE HOUSING IS BEING PRODUCED
00:07:45 AND PEOPLE ARE PAYING THOSE IN LIEU FEES, THERE IS MONEY
00:07:48 IN THE BUDGET FOR AFFORDABLE HOUSING BUT WHEN THE MARKET
00:07:49 GOES DOWN WHICH IS RIGHT NOW THERE'S NO FEES BEING PAID BUT
00:07:56 THAT'S ALSO WHEN THERE'S LESS COMPETITION FOR.
00:08:00 LAND TO BE ABLE TO BUILD THE AFFORDABLE HOUSING SO WE HAVE
00:08:04 THIS COUNTERCYCLICAL ISSUE WHERE WE ARE YOU KNOW HAVING
00:08:08 LOTS OF MONEY WHEN THE MARKET'S GOOD BUT NOT ENOUGH MONEY WHEN
00:08:12 WE ARE ABLE TO BUY THAT LAND. >> SO THIS IS A WAY TO MAKE
00:08:16 SURE THAT WE HAVE BOTH THAT WE HAVE A STABLE SOURCE OF FUNDING
00:08:23 SO THAT WE CAN RELY ON IT ALWAYS AND WE KNOW HOW TO
00:08:27 PREDICT IT AND HAVE THE CAPACITY TO DO IT AND THEN WHEN
00:08:30 THE MARKETS. GOOD THEN WE HAVE THAT ICING ON
00:08:32 THE CAKE ON TOP OF IT. OVER THE PAST FEW MONTHS WE
00:08:35 HAVE CONVERGED A DIVERSE COALITION OF AFFORDABLE HOUSING
00:08:39 ORGANIZATIONS, NONPROFIT ORGANIZATIONS, HOUSING FINANCE
00:08:43 EXPERTS, LABOR ALONG WITH THE MAYOR'S OFFICE OF HOUSING TO
00:08:47 CRAFT THIS CHARTER AMENDMENT THAT WILL GRADUALLY EXPAND THE
00:08:51 HOUSING TRUST FUND OVER THE COURSE OF TIME TO REACH 125
00:08:54 MILLION ANNUALLY. >> I AM GRATEFUL TO THE VOTERS
00:08:58 OF SAN FRANCISCO THAT SUPPORTED THE CREATION OF THE ORIGINAL
00:09:01 HOUSING TRUST FUND IN 2012 THAT IS IN OUR CHARTER.
00:09:05 BUT ANY CHANGES HAVE TO GO BACK TO THE VOTERS AND THAT'S WHAT
00:09:06 I'M ASKING FOR PERMISSION TO DO TODAY.
00:09:09 >> WE DESIGNED THIS CHARTER AMENDMENT SO THAT THE HOUSING
00:09:13 TRUST FUND GROWS BY AN ALLOCATION BY ALLOCATING A
00:09:17 PORTION OF FUTURE PROPERTY TAX GROWTH EVERY YEAR.
00:09:20 >> LAST YEAR WE JUST REZONE MOST OF THE WEST SIDE AND NORTH
00:09:22 OF THE CITY. THIS IS A VALUE CAPTURE THAT
00:09:25 INVESTS BACK INTO MUCH NEEDED AFFORDABLE HOUSING.
00:09:28 WE ALSO MADE SURE THAT WE ARE EXPANDING THE HOUSING TRUST
00:09:32 FUND IN A FISCALLY RESPONSIBLE WAY.
00:09:35 THE GRADUAL GROWTH OF THE FUND WILL NOT START UNTIL 2029
00:09:38 AND WE INCLUDED FISCAL SAFEGUARD TO FREEZE THE GROWTH
00:09:42 OF THE FUND DURING A BUDGET DEFICIT INTO DECREASE AT
00:09:46 BASELINE DURING A RECESSION. I WANT TO THANK MY CO-SPONSOR
00:09:50 SUPERVISOR WALTON SAUDER, CHERYL WANG, DORSEY AND MAHMOOD
00:09:58 AND I ALSO WANT TO THANK MAYOR LURIE ALONG WITH HIS TEAM
00:10:02 NET. SIEGEL ALI BONDI, BEN WHITE,
00:10:03 LEE LE10 SKI JACOB BENTLEY'S ASSESSOR RECORDER JOAQUIN
00:10:09 TOURIST AND HIS TEAM VICTORIA WANG, BRAD ROSSI AND KEITH
00:10:13 NAKAYAMA AND OF COURSE DIRECTOR DAN ADAMS WHO WE WILL HEAR FROM
00:10:17 ELLIOTT IN A LITTLE BIT. ALONG WITH COMPTROLLER GREG
00:10:19 WAGNER FOR ALL HIS SUPPORT IN CRUNCHING THE NUMBERS WHICH
00:10:22 WAS NOT EASY I LOOK FORWARD TO FURTHER THE DISCUSSION
00:10:26 AND GETTING YOUR SUPPORT TO SEND THIS TO VOTERS FOR
00:10:29 APPROVAL IN NOVEMBER. THERE ARE SOME AMENDMENT THAT I
00:10:33 AM PROPOSING TODAY IN CONSULTATION WITH THE
00:10:34 MAYOR'S OFFICE STAFF. WE WANTED TO ALIGN THE
00:10:38 ELIGIBILITY FOR DOWN PAYMENT ASSISTANCE PROGRAMS ONLY FOR
00:10:41 HOUSEHOLDS UP TO 200% OF EMI WHICH IS WHAT SOME PROGRAMS
00:10:46 ALREADY DO BUT NOT ALL OF THEM. >> SO WE WANT TO MAKE THAT
00:10:50 CONSISTENT AND THIS ALLOWS FOR FLEXIBILITY OF FUNDING SOURCES
00:10:53 FOR THESE TYPES OF PROGRAMS AND IF THAT WHEN THAT IS
00:10:59 PROPOSED IT WILL COME BACK TO THE BOARD OF SUPERVISORS FOR
00:11:01 APPROVAL BEFORE IT HAPPENS. >> AND THERE'S ALSO A COUPLE OF
00:11:04 OTHER CLERICAL TECHNICAL AMENDMENTS THAT IS JUST CLEAN
00:11:08 UP THAT WE ARE WORKING ON WITH OUR CITY ATTORNEY THROUGH THE
00:11:11 CHAIR WE DO HAVE A BRIEF PRESENTATION TO PROVIDE AN
00:11:15 OVERVIEW OF THIS CHARTER AMENDMENT BY THE MAYOR'S OFFICE
00:11:19 OF HOUSING AND COMMUNITY DEVELOPMENT AND ADAMS AND ALSO
00:11:23 JAKE AND JACOB BENTLEY WHO IS A PROJECT MANAGER HERE WAS JUST
00:11:27 SO LIKE HELPFUL THE BRAINS BEHIND A LOT OF THIS NUMBER
00:11:33 CRUNCHING AT THE OFFICE OF ECONOMIC AND WORKFORCE
00:11:37 DEVELOPMENT AND WE ALSO HAVE CONTROLLER STAFF ON STANDBY FOR
00:11:41 THIS. SO THANK YOU CHAIR WALTON THAT
00:11:44 I HAVE CIRCULATED THE AMENDMENTS AND YOU KNOW CAN
00:11:48 READ THEM INTO THE RECORD IF THAT'S NECESSARY BUT IF THAT'S
00:11:51 OKAY WE COULD GO TO MR. ADAMS BEFORE WE GO TO DIRECTOR ADAMS
00:11:56 I BELIEVE PRESIDENT BENJAMIN WANTS TO CHIME IN LIKE A
00:12:03 MAJORITY OF SAN FRANCISCANS I SUPPORTED PROP II AND I THINK
00:12:10 ONE OF THE CHALLENGES OVER THESE MANY YEARS HAS BEEN THAT
00:12:14 ALTHOUGH PROP II GAVE US A SOURCE IT NEVER ENSURED THAT
00:12:15 THAT AS AS DRAFTED IT WASN'T GOING TO ENSURE THAT THAT
00:12:19 SOURCE WENT TO AFFORDABLE HOUSING.
00:12:22 AND AS WE'VE SEEN OTHER SOURCES CONSTRAINED AND CONSTRICTS THE
00:12:29 NEED FOR MORE DEDICATED FUNDS FOR AFFORDABLE HOUSING AS I
00:12:34 THINK BECOME CLEAR IT'S BEEN CLEAR TO SUPERVISOR MELGAR
00:12:37 LADIES CHAIR MELGAR FOR A VERY LONG TIME AND SHE HAS BEEN LIKE
00:12:41 A DOG WITH A BONE ON THIS FOR MORE THAN A YEAR PUSHING ON
00:12:45 LOTS OF DIFFERENT POSSIBLE FUNDING SOURCES IN THE END
00:12:52 THERE IS I THINK SOME ODDNESS LATER IN THIS AGENDA WE'RE
00:12:56 GOING TO TALK ABOUT A CHARTER REFORM MEASURE THAT I'M PUTTING
00:13:00 FORWARD AND OUR CHARTER REFORM CONVERSATIONS HAVE BEEN A LOT
00:13:04 ABOUT HOW WE NEED TO GRAPPLE WITH AND GET A HANDLE ON SET
00:13:08 ASIDES THAT IS A CONVERSATION I THINK FOR ANOTHER YEAR.
00:13:11 IT IS NOT SOMETHING THAT WE HAVE TACKLED THIS YEAR AND THE
00:13:15 ONE SIGNIFICANT SET ASIDE MEASURE THAT IS GOING TO GO ON
00:13:19 THE BALLOT I THINK IS GOING TO BE THIS ONE BUT I THINK IT IS
00:13:23 WORTHWHILE AND WORTHY AND ALSO RESPONSIBLE AS IT IS GOING TO
00:13:27 ENSURE THAT THE THE THE IMPACT OF THIS ON OUR GENERAL FUND
00:13:31 WILL OCCUR OVER TIME WILL NOT BE SOMETHING THAT WE HAVE TO
00:13:35 SWALLOW RIGHT NOW IN THIS VERY DIFFICULT AND CHALLENGING
00:13:42 BUDGET YEAR. >> AND SO I WANT TO
00:13:46 CONGRATULATE THE AUTHOR SUPERVISOR MELGAR AND I WOULD
00:13:47 LIKE TO BE ADDED AS A CO-SPONSOR.
00:13:50 >> THANK YOU SO MUCH FOR THAT. NOT THAT PAN OUT IN THIS
00:13:54 PRESENTATION WAS NOT SOMETHING TO BE WORTH WAITING FOR.
00:13:55 >> I'M SURE IT RUINED THE SUSPENSE AND WE ADD TO MY
00:13:58 SUPPORT FOR THIS. THANK YOU PRESIDENT MADAM VICE
00:14:01 CHAIR CHERYL DAN, THANK YOU FOR BEING HERE.
00:14:05 I'M SURE YOUR WORDS WILL BE ENTHRALLING SO I'M GOING TO
00:14:09 MAKE EVERYBODY WAIT. SUPERVISOR MUNGER I JUST WANT
00:14:12 TO THANK YOU FOR PUTTING THIS ON.
00:14:13 THIS MIGHT BE THE MOST IMPORTANT MEASURE ON THE BALLOT
00:14:16 THIS FALL AND I DON'T SAY THAT LIGHTLY BECAUSE THE TRANSIT
00:14:18 MEASURES ARE GODLY IMPORTANT AS ARE THE CHARTER REFORM MEASURES
00:14:23 . I THINK PRESIDENT MANAGEMENT'S
00:14:24 REMARKS ABOUT SET ASIDES SHOULD NOT BE TAKEN LIGHTLY AND THE
00:14:28 REASON THAT I FEEL SO STRONGLY ABOUT THIS SET ASIDE IS WHEN WE
00:14:33 LOOK AT THE PROBLEMS IN THIS CITY, THE LACK OF HOUSING AT
00:14:36 AFFORDABLE LEVELS IS THE NUMBER ONE PROBLEM THAT'S WORTH
00:14:40 SETTING ASIDE MONEY FOR. SO THANK YOU FOR WORKING SO
00:14:43 HARD ON THIS. I'M PROUD TO ALREADY BE A
00:14:47 CO-SPONSOR. THAT'S NOT A DIG I SWEAR.
00:14:48 PRESENT MIDDLEMAN BUT BUT TO EVERYONE IN THE AUDIENCE WHO I
00:14:55 KNOW I RECOGNIZE SEVERAL FACES OUT THERE HAVE BEEN WORKING
00:14:58 VERY HARD ON THIS. THANK YOU TO ALL OF YOU FOR
00:15:02 LEANING IN SO HARD. THANK YOU SO MUCH.
00:15:06 MY SISTER TWO BROTHER. DID YOU WANT TO SPEAK ON THIS?
00:15:11 >> THANK YOU EVERYONE FOR BEING HERE.
00:15:13 THANK YOU DAN FOR SAYING SORRY. I DIDN'T SEE THE PRESENTATION
00:15:15 BUT I JUST WANT TO THANK SUPERVISOR MELGAR AGAIN FOR
00:15:19 LEADING ON THIS LEGISLATION. I THINK I REMEMBER WE HAD A
00:15:20 HEARING WHERE DAN PRESENTED AT THE LAND USE COMMITTEE WHERE HE
00:15:27 OUTLINED HOW WE'RE GOING TO RUN OUT OF MONEY AT 2829 AND THIS
00:15:31 IS THE FIRST INITIATIVE AND I DON'T KNOW HOW LONG PROBABLY
00:15:37 EVER THAT PROVIDES A SUSTAINABLE AND RELIABLE SOURCE
00:15:41 OF REVENUE THAT ALSO ACKNOWLEDGES THE DEFICIT THAT
00:15:43 WE'RE IN WITH RESPONSIBLE DEFICIT CONTROLS
00:15:46 AND CHECKPOINTS TO HELP US ENSURE THAT WE ARE RAISING THIS
00:15:49 LIMIT RESPONSIBLY. AND I ALSO WANT TO COMMEND SO
00:15:53 AS A MELGAR FOR LEADING A COALITION BRINGING CONSENSUS
00:15:56 MEASURE TO THE BALLOT IN NOVEMBER TO SHOW HOW WE
00:16:00 SHOULD BE DOING HOUSING LEGISLATION AND LEADING THE WAY
00:16:04 ON SOLVING A SIGNIFICANT PROBLEM FOR OUR CITY.
00:16:05 SO THANK YOU BROTHER MELGAR AND HONORED TO BE SUPPORTING.
00:16:08 THANK YOU EVERYBODY. AND AGAIN THANK YOU SUPERVISOR
00:16:12 MELGAR FOR BRINGING THIS FORWARD.
00:16:13 >> THIS IS A CONSENSUS MEASURE AND LIKE PRESIDENT AND I WON'T
00:16:16 GET IN THE DEBATE ABOUT SET ASIDES AT THIS MEETING I WILL
00:16:20 SAY THAT THEY DO DEMONSTRATE THE PRIORITIES OF THE PEOPLE
00:16:24 BECAUSE THEY VOTE TO DECIDE THAT WE SHOULD SET RESOURCES
00:16:28 ASIDE FOR THINGS LIKE CHILD CARE, FOR THINGS LIKE
00:16:31 CHILDREN'S SERVICES, ETC. AND MOST CERTAINLY IN THIS CASE
00:16:35 HOUSING. >> WITH THAT SAID, WE WILL GO
00:16:39 TO DIRECTOR ADAMS WITH THE DEPARTMENT OF HOUSING
00:16:42 AND COMMUNITY DEVELOPMENT. >> THANK YOU SO MUCH, CHAIR
00:16:46 WALTON AND THANK YOU FOR THOSE ENCOURAGING COMMENTS SO IT
00:16:49 MAKES OUR JOB A LOT EASIER. I WANT TO APPRECIATE AGAIN THE
00:16:54 LEADERSHIP OF SUPERVISOR MELGAR AND BRINGING THIS FORWARD AS
00:16:55 WELL AS ALL OF THE CO-SPONSOR CERS BOTH PREVIOUS AND NEW.
00:16:58 >> AND WITH THAT I JUST WANT TO SAID A LITTLE BIT OF CONTEXT.
00:17:02 >> I'LL BE VERY BRIEF OF COURSE HERE TO ANSWERING QUESTIONS.
00:17:06 I'LL TURN IT OVER TO MY COLLEAGUE JACOB BITTNER.
00:17:07 WE'LL GO THROUGH SOME OF THE MECHANICS AND GUARDRAILS AROUND
00:17:09 THE HOUSING TRUST FUND AND THEN WE HAVE THE COMPTROLLER'S
00:17:13 OFFICE HERE TO ANSWER HIS QUESTIONS AS WELL.
00:17:17 >> SO JUST A QUICK REFRESHER HERE AND WE DID HAVE A VERY
00:17:22 COMPREHENSIVE HEARING ON THIS AT LAND USE THE OTHER DAY.
00:17:25 >> BUT IT'S IMPORTANT TO REMEMBER THAT OUR LOCAL FUNDS
00:17:29 LEVERAGE A HOST OF STATE AND FEDERAL RESOURCES SO EVERY
00:17:33 DOLLAR THAT WE PUT IN LEVERAGE IS A COUPLE DOLLARS FROM STATE
00:17:34 AND FEDERAL RESOURCES AND IT REALLY IS A KIND OF MENU OF
00:17:38 RESOURCES THAT WE BRING TOGETHER.
00:17:41 >> CRITICAL TO THIS IS HAVING LOCAL DOLLARS AND THAT'S WHY
00:17:44 THE HOUSING TRUST FUND AS A LOCAL SOURCE IS GOING TO BE SO
00:17:46 ESSENTIAL FOR US MOVING FORWARD .
00:17:52 OUR LOCAL FUNDING SOURCES HAVE BEEN DIVERSE AND ARE DIVERSE.
00:17:56 WE HAVE PASSED GENERAL OBLIGATION BONDS OVER THE
00:18:00 YEARS. OVER THE LAST TEN YEARS WE'VE
00:18:02 PASSED $1.1 BILLION OF GENERAL OBLIGATION ALLOCATION TO
00:18:07 DEDICATE TOWARD AFFORDABLE HOUSING.
00:18:08 >> OBVIOUSLY THE HOUSING TRUST FUND HAS BEEN A SUPER IMPORTANT
00:18:10 SOURCE FOR US AND WILL GROW AND IMPORTANCE SHOULD THIS
00:18:14 MEASURE PASS IN NOVEMBER. >> WE'VE ISSUED CERTIFICATES OF
00:18:18 PARTICIPATION, IMPACT FEES AND JOBS HOUSING LINKAGE FEES
00:18:22 THIS BEFORE THE PANDEMIC WAS A REALLY IMPORTANT SOURCE FOR US.
00:18:26 WE WERE AVERAGING ABOUT $75 MILLION ANNUALLY IN THE TEN
00:18:29 YEARS PRIOR TO THE TO THE PANDEMIC.
00:18:32 THOSE FUNDS HAVE REALLY DRIED UP AND THEN WE HAVE SPECIAL
00:18:36 FEES THAT COME INTO OUR OFFICE ON OCCASION.
00:18:39 THIS GRAPH SHOWS THE VALUE ABILITY OR THE VARIANCE
00:18:47 IN FUNDING THAT WE RECEIVE. THE THE BIG BARS THAT YOU SEE
00:18:48 ARE REALLY RELATED TO THOSE GENERAL OBLIGATION BONDS AND SO
00:18:55 THAT WE'VE BEEN DRAWING DOWN ON THAT LARGESSE OVER THESE LAST 5
00:18:59 OR 6 YEARS AND REALLY DEDICATING IT TO A VERY
00:19:03 AGGRESSIVE AND ROBUST PIPELINE. WE HAVE A LOT OF PROJECTS
00:19:04 IN CONSTRUCTION RIGHT NOW OVER THE NEXT COUPLE OF YEARS WE
00:19:07 HAVE A REALLY AGAIN ROBUST PIPELINE TO MOVE FORWARD.
00:19:11 BUT AS SUPERVISOR MAHMUD REFERENCED, YOU KNOW, WE REALLY
00:19:15 RUN OUT OF MONEY IN A COUPLE OF YEARS 2 TO 3 YEARS AND SO THIS
00:19:18 HOUSING TRUST FUND IS EXTREMELY WELL TIMED.
00:19:21 YOU CAN SEE THOSE LITTLE TINY BARS IN THE IN THE YEARS TO
00:19:24 COME. THAT MEANS WE'VE GOT TO FIND
00:19:25 ANOTHER SOURCE AND THIS IS THE SOURCE TO MOVE OUR OUR PROJECTS
00:19:31 FORWARD. >> OTHERWISE WE'RE JUST GOING
00:19:32 TO HAVE TO SAY PENCILS DOWN. THERE HAVE BEEN A NUMBER OF NEW
00:19:37 AND EMERGING FUNDING SOURCES THE HOUSING TRUST FUND
00:19:40 OBVIOUSLY ONE OF THEM. BUT WE ALSO HAVE AN AFFORDABLE
00:19:43 HOUSING OPPORTUNITY FUND THIS PAST LAST YEAR AND IT'S
00:19:45 RELATIVELY SMALL SET ASIDE TO SUPPORT RENT SUBSIDIES FOR
00:19:48 EXTREMELY LOW INCOME HOUSEHOLDS.
00:19:51 THAT'S AN IMPORTANT PRIORITY FOR OUR OFFICE.
00:19:55 WE ARE LOOKING AT LIKELIHOOD OF A STATE HOUSING BOND
00:19:58 IN NOVEMBER AS WELL AS DISCUSSIONS ARE STARTING AROUND
00:20:02 A REGIONAL HOUSING FUNDING MEASURE IN 2028.
00:20:06 AGAIN THESE ARE WOULD BE LEVERAGED SOURCES AND IT JUST
00:20:09 EMPHASIZES THE NEED TO HAVE THESE LOCAL DOLLARS IN ORDER TO
00:20:13 ACCESS THOSE FUTURE STATE BONDS OR REGIONAL FUNDING SOURCES
00:20:15 IN THE FUTURE. AND FINALLY OUR HOUSING TRUST
00:20:24 FUND HAS REALLY BEEN AND WOULD REMAIN OUR MOST FLEXIBLE SOURCE
00:20:27 . IT ALLOWS US TO CREATE
00:20:28 AND PRESERVE AFFORDABLE HOUSING AS WELL AS HOUSING RELATED
00:20:31 INFRASTRUCTURE. >> WE USE IT TO SUPPORT OUR
00:20:35 HOUSING STABILIZATION PROGRAMS. IT'S HELPS KEEP PEOPLE IN THEIR
00:20:38 HOMES SUCH AS OUR EVICTION DEFENSE PROGRAM IS FUNDED
00:20:40 IN PART WITH THE HOUSING TRUST FUND AND OUR REALLY IMPORTANT
00:20:43 DOWNPAYMENT ASSISTANCE LOAN PROGRAM FOR FIRST TIME
00:20:46 HOMEBUYERS THAT'S BEEN ESSENTIAL TO MOVE FOLKS INTO
00:20:50 HOMEOWNERSHIP AND THE KIND OF EQUITY AND WEALTH ACCRUAL THAT
00:20:53 CAN HAPPEN THROUGH HOMEOWNERSHIP EVEN FOR MODERATE
00:20:54 AND LOW INCOME HOUSEHOLDS. SO AGAIN, REALLY AN IMPORTANT
00:21:00 SOURCE FOR US GIVEN ITS FLEXIBILITY AND ITS PERMANENCE
00:21:04 . ONE OF THE BEAUTIES OF HAVING
00:21:05 AN ONGOING SET ASIDE IS THAT WE CAN ISSUE DEBT AGAINST IT
00:21:08 AND SO IT'S PARTICULARLY IN THE YEARS IN WHICH IT'S GOING TO
00:21:10 START TO GROW WE IMAGINE ISSUING SOME FORM OF DEBT
00:21:13 EITHER BOND OR CERTIFICATES OF PARTICIPATION AGAINST THAT
00:21:17 INCOME STREAM SO WE CAN KIND OF PRIME THE PUMP AND WE CAN
00:21:21 REALLY MOVE FORWARD MORE PROJECTS IN THE EARLY DAYS
00:21:24 BECAUSE WE CAN SUPPORT DEBT THROUGH THIS PERMANENT SOURCE.
00:21:28 SO AS OPPOSED TO A GO BOND WHICH IS ITS OWN FORM OF DEBT
00:21:32 OF COURSE BUT WHICH COMES IN ONE LUMP THIS WILL BE AN
00:21:33 ANNUAL SET ASIDE THAT WE CAN USE TO SUPPORT BOND ISSUANCES
00:21:39 ON A ON A THROUGH THROUGH PERIODS DURING THAT FIRST TEN
00:21:42 YEARS IN PARTICULAR. SO WITH THAT I'LL TURN IT OVER
00:21:44 TO MY COLLEAGUE JACOB TO GO THROUGH SOME OF THE MECHANICS.
00:21:49 >> THANK YOU DAN THIS MORNING SUPERVISORS JACOB BENTLEY OF
00:21:54 OFFICE OF ECONOMIC AND WORKFORCE DEVELOPMENT JUST
00:21:57 TO ROUND IT OUT WITH A COUPLE OF THE NUTS AND BOLTS FOR THIS
00:22:00 MEASURE. SO AS SUPERVISOR MELGAR SAID,
00:22:03 THE HOUSING TRUST FUND HAS BEEN IN PLACE SINCE 2012
00:22:05 AND CURRENTLY HAS AN APPROPRIATION OF JUST OVER $50
00:22:09 MILLION ALMOST $51 MILLION IT CURRENTLY IS SET TO GROW OR
00:22:12 DECREASE BY THE PERCENT INCREASE OR DECREASE IN OVERALL
00:22:16 GENERAL FUND DISCRETIONARY REVENUE OR ADR AND IS SET TO
00:22:21 SUNSET IN 2043. SO THAT WAS A 30 YEAR SET ASIDE
00:22:23 WHEN IT WAS PASSED ORIGINALLY UNDER THE PROPOSED CHARTER
00:22:26 AMENDMENT THAT WOULD BE CHANGED IN THE FOLLOWING WAYS SO WE
00:22:30 WOULDN'T MAKE ANY CHANGES TO THAT FORMULA FOR THE NEXT TWO
00:22:33 FISCAL YEARS. BUT BEGINNING IN FISCAL YEAR 29
00:22:36 THE ANNUAL APPROPRIATION WOULD GROW BY THE HIGHER OF ONE OF
00:22:40 TWO CALCULATIONS. THE FIRST WOULD BE THE CURRENT
00:22:43 FORMULA TO CONTINUE TO INCREASE IT BY THE PERCENT GROWTH OF
00:22:47 GENERAL FUND DISCRETIONARY REVENUE OR IF HIGHER AND WE
00:22:51 PROJECTED IT WOULD BE HIGHER THE FUND WOULD TAKE 20% OF THE
00:22:54 CITIES ANNUAL GROWTH IN PROPERTY TAX REVENUE THAT
00:22:55 WOULD COME FROM OUR GROWTH IN THE OVERALL ASSESSED VALUE
00:22:58 OF THE CITY. SO IT'S NOT THE ACTUAL NET
00:23:01 PROPERTY TAX REVENUE, IT IS THE AMOUNT OF PROPERTY TAX REVENUE
00:23:05 THAT WOULD COME FROM THE CITIES 1% OF OUR OVERALL GROWTH
00:23:08 IN ASSESSED VALUE WHICH REPRESENTS GROWTH IN GENERAL
00:23:12 IN THE CITY COMING IN. SO WE TAKE 20% OF THAT EACH
00:23:14 YEAR UNTIL THE FUND REACHES $125 MILLION FROM ITS CURRENT
00:23:20 $50 MILLION AND AT THAT POINT IN TIME THE FUND WOULD CAP OUT
00:23:24 AT 125 MILLION BUT CONTINUE TO GROW ANNUALLY BY UP TO 3%.
00:23:27 IT WOULD GROW AT THAT SAME 80% GROWTH UP TO 3% AND THE FUND
00:23:30 WOULD BE EXTENDED THROUGH 2058. SO ANOTHER 30 YEARS FROM THAT
00:23:35 FY 29 STARTING POINT. >> SO THE IDEA HERE IS FOR THIS
00:23:40 TO GROW IN TANDEM WITH THE CITY'S OVERALL GROWTH UP UNTIL
00:23:44 WE HIT THAT 125 MILLION. FINALLY, AS YOU ALL HAVE
00:23:47 MENTIONED, YOU KNOW, WE TAKE A 30 YEAR SET ASIDE IN THE
00:23:51 CHARTER SERIOUSLY. SO WE DID WORK QUITE A BIT WITH
00:23:55 THE COMPTROLLER'S OFFICE AND THE MAYOR'S BUDGET OFFICE
00:23:58 AND EVERYONE TO ENSURE A NUMBER OF FISCAL GUARDRAILS IN THIS
00:24:01 MEASURE. SO FIRST OF ALL, AS WE'VE SAID,
00:24:03 WE'RE NOT MAKING ANY CHANGES FOR THE NEXT TWO FISCAL YEARS
00:24:05 STARTING IN FY 29. THIS WILL BE A GRADUAL RAMP UP
00:24:08 OVER ABOUT A DECADE TO GET TO THAT HUNDRED AND 25 MILLION
00:24:12 WHICH WILL THEN BE CAPPED AS I SAID AND INDEXED UP TO NO MORE
00:24:16 THAN 3% A YEAR. WE WILL MAINTAIN A SUNSET
00:24:20 THOUGH EXTENDED OUT TO GIVE THIS ANOTHER 30 YEARS.
00:24:22 IMPORTANTLY WE'RE ADDING TO MEASURES THAT WERE NOT INCLUDED
00:24:26 IN THE CURRENT HOUSING TRUST FUND.
00:24:27 FIRST IS THE ABILITY OF THE BOARD OF SUPERVISORS TO
00:24:29 TEMPORARILY FREEZE THE ANNUAL APPROPRIATION IN ANY YEAR WHEN
00:24:34 THE FIRST YEAR DEFICIT IS PROJECTED TO BE MORE THAN 250
00:24:37 MILLION. THE SECONDLY, THE BOARD MAY
00:24:38 ALSO TEMPORARILY REDUCE BY UP TO 10% THE APPROPRIATION
00:24:43 IN YEARS WHEN THE CITY IS ELIGIBLE TO TAP INTO THE RAINY
00:24:45 DAY FUND IN A RECESSIONARY ENVIRONMENT.
00:24:47 >> SO WE BELIEVE WITH THESE MEASURES THIS IS A RESPONSIBLE
00:24:52 MEASURE THAT WILL GROW THE RESOURCES OF THE CITY FOR
00:24:55 AFFORDABLE HOUSING IN TANDEM WITH OUR OVERALL GROWTH AND WE
00:24:57 ARE HERE ALONG WITH OUR COLLEAGUES AT THE COMPTROLLER'S
00:25:00 OFFICE FOR ANY QUESTIONS. THANK YOU SO MUCH.
00:25:02 THANK YOU. AND THAT CONCLUDES OUR
00:25:07 PRESENTATIONS FROM CITY DEPARTMENTS.
00:25:10 >> WE WILL NOW GO TO PUBLIC COMMENT ON THIS ITEM AND I JUST
00:25:14 WANT TO REMIND EVERYONE THAT WE ARE DOING ONE MINUTE PUBLIC
00:25:15 COMMENT TODAY. >> MR. CLERK YES, MEMBERS OF
00:25:18 THE PUBLIC WHO WISH TO SPEAK ON THIS ITEM SHOULD LINE UP BY THE
00:25:22 WINDOW EACH SPEAKER WILL BE ALLOWED ONE MINUTE.
00:25:26 ARE THERE ANY MEMBERS OF THE PUBLIC WHO WOULD LIKE TO SPEAK
00:25:29 ON THIS MATTER? YOU CAN LINE UP BY THE BY THE
00:25:30 WINDOW. PLEASE APPROACH COME ON
00:25:39 SUPERVISORS BY NAME IS MENTIONED AND WITH SELF-HELP
00:25:41 FOR THE ELDERLY I'M HERE ON BEHALF OF THE 40,000 OTHER HERE
00:25:45 URGE THE COMMUNITY TO AT THAT THIS RESOLUTION FROM SO
00:25:53 CIVILIZED AND MEAGER BECAUSE OUR ELDERLY NEED THE ELEVATOR
00:25:56 IT'S A MOBILITY PROBLEM IT'S AN ISSUE FOR ALL THE ELDERLY
00:26:00 INCLUDING EVERYONE HERE SO WISH THAT YOU GUYS CAN UNDERSTAND
00:26:05 OUR NEED THIS COMMUNITY TO STILL NEED TO APPROVE THIS
00:26:12 FUNDING. >> THANK YOU.
00:26:15 GOOD MORNING SUPERVISORS. MY NAME IS QUINTON MACKEY,
00:26:20 EXECUTIVE DIRECTOR OF THE COUNCIL OF COMMUNITY HOUSING
00:26:23 ORGANIZATIONS. I AM THRILLED THAT THIS IS A
00:26:24 CONSENSUS MEASURE AND THANK YOU TO SUPERVISOR MELGAR FOR HER
00:26:27 LEADERSHIP IN HELPING CRAFT THIS MEASURE AS DIRECTOR ADAMS
00:26:31 HAS POINTED OUT, THIS IS A KEY MEASURE TO UNLOCK SOME UNITS
00:26:38 IN THE PIPELINE AND WE SHOULD BE CLEAR THE OVERALL NEED AS
00:26:42 PRESENTED BY THE BUDGET ANALYST LAST WEEK OR TWO WEEKS AGO IS
00:26:46 IN THE BILLIONS SO WE NEED TO TREAT THIS AS A FLOOR NOT A
00:26:50 CEILING FOR FUNDING FOR AFFORDABLE HOUSING.
00:26:53 BUT IN THIS CURRENT BUDGET ENVIRONMENT THIS IS ABSOLUTE
00:26:58 LUTELY NECESSARY TO PASS THIS FALL.
00:26:59 SO I THANK YOU FOR THIS BEING A CONSENSUS MEASURE AND I LOOK
00:27:02 FORWARD TO PASSING THIS NOVEMBER.
00:27:03 >> THANK YOU. GOOD MORNING.
00:27:10 LINE UP THEY WITH WHETHER WE ARE IN FULL SUPPORT OF THIS
00:27:14 MEASURE I AGREE WITH QUENTIN BEFORE ME THIS SHOULD BE A
00:27:17 FLOOR NOT A CEILING AND I THINK THE NEXT ITEM ON YOUR AGENDA WE
00:27:21 ARE IN FULL SUPPORT AND WE WILL GIVE PUBLIC COMMENT BUT I THINK
00:27:25 THAT'S AN ALSO A WAY THAT WE CAN GET AFFORDABLE HOUSING.
00:27:27 >> THANK YOU. SHE'S HANSING THEIR HOME WE'LL
00:27:36 GIVE THEM A LOT TO SAMPLE AND CONTENT
00:28:43 HI SUPERVISORS MY NAME IS UMA. I AM FROM SOLID FAMILIES UNITED
00:28:49 COLLABORATIVE. MY FAMILY OF THREE LIVES IN THE
00:28:52 VERY SMALL SMALL ROOM WE HAVE TO SHARE KITCHEN AND BATHROOM
00:28:56 WITH OTHER TENANTS AND OUR LIVING CONDITIONS ARE VERY
00:29:00 DIFFICULT. MY SON IS SEVEN YEARS OLD.
00:29:03 >> HE HAS HAD A ALLERGY WITH HIS NOSE SINCE HE WAS ONE
00:29:09 BECAUSE THE AREA IN THE SOUTH DOES NOT CIRCULATE WELL.
00:29:13 HE HAS A RUNNY NOSE EVERY MORNING OFTEN FEELS TIRED
00:29:17 AND SOMETIMES EVEN HAS NOSEBLEEDS.
00:29:18 THIS AFFECTS BOTH HIS HEALTH AND HIS LEARNING.
00:29:22 I HAVE APPLIED FOR AFFORDABLE HOUSING FOR MORE THAN TEN YEARS
00:29:25 BUT I HAVE NEVER BEEN SELECTED. >> MY SON OFTEN ASKS ME WHEN HE
00:29:29 CAN HAVE HIS OWN ROOM AND WHEN HE CAN HAVE IT JUST LIKE OTHER
00:29:33 CHILDREN TO DO HIS HOMEWORK. I TELL HIM TO KEEP STUDYING
00:29:37 HARD AND THAT I WILL NOT GIVE UP.
00:29:41 WE WILL CONTINUE TO APPLY AND HOPE THAT ONE DAY WE CAN
00:29:45 MOVE OUT OF THE ASSAULT SUPERVISORS.
00:29:48 I ASK YOU TO SUPPORT EXPANDING THE HOUSING TRUST FUND SO OUR
00:29:52 CHILDREN DO NOT HAVE TO KEEP LIVING IN SILOS AND CAN HAVE A
00:29:56 SAFE, STABLE AND AFFORDABLE HOME TO BE IN.
00:30:00 >> THANK YOU
00:31:23 . >> HI SUPERVISORS.
00:31:23 MY NAME IS CHEN SU. >> I AM HERE TODAY TO ASK THE
00:31:28 HOUSE YOU TO SUPPORT EXPANDING THE HOUSING TRUST FUND MY
00:31:33 FAMILY OF FOUR ACROSS THREE GENERATIONS LIVES IN AND SAW
00:31:35 OVER IN CHINATOWN THAT IS ONLY ABOUT TEN SQUARE METERS.
00:31:39 >> THIS INCLUDES MY EIGHT YEAR OLD SON AND MY PARENTS WHO ARE
00:31:45 OVER 68 YEARS OLD. WE HAVE TO SHARE KITCHEN
00:31:46 BATHROOM AND SHOWER WITH OTHER TENANTS.
00:31:50 >> MORE THAN 30 HOUSEHOLDS OFTEN HAVE TO WAIT IN LINE JUST
00:31:54 TO USE BASIC FACILITIES. SOMETIMES MY CHILD EVEN HAS TO
00:31:58 WAIT TO USE THE BATHROOM. >> HE HAS ALWAYS WISH FOR A
00:32:01 ROOM OF HIS OWN. >> THIS LIVING SITUATION
00:32:05 AFFECTS OUR WHOLE FAMILY MY ELDERLY PARENTS HAVE DIFFICULTY
00:32:08 MOVING AROUND AND MY CHILD DOES NOT HAVE ENOUGH SPACE TO STUDY,
00:32:12 REST OR GROW OUR LIFE VIEWS CROWDED AND UNSTABLE.
00:32:16 I'M A NEW IMMIGRANT. I TAKE ENGLISH CLASSES AT CITY
00:32:19 COLLEGE EVERY DAY TO IMPROVE MYSELF AND I HAVE TRIED TO FIND
00:32:23 WORK IN CHINATOWN. MY JOB OPTIONS ARE VERY
00:32:27 LIMITED. MY INCOME IS NOT ENOUGH TO
00:32:28 AFFORD MARKET RATE RENT EVEN THOUGH WE WORK FOR LOW INCOME
00:32:32 FAMILIES LIKE MINE CANNOT FIND SAFE, STABLE AND AFFORDABLE
00:32:35 HOUSING IN A CITY AS EXPENSIVE AS SAN FRANCISCO.
00:32:42 THIS IS WHY I RESPECTFULLY ASK YOU ALL TO SUPPORT EXPANDING
00:32:45 THE HOUSING TRUST FUND. THANK YOU.
00:32:49 >> THANK YOU
00:33:54 . ORGANIZERS MY NAME IS CHER FONG
00:33:59 LIU MY 15 YEAR OLD DAUGHTER AND I IMMIGRATED TO THE UNITED
00:34:02 STATES LAST YEAR. WE NOW LIVE IN EXILE
00:34:04 IN CHINATOWN. MY DAUGHTER IS QUIET AND SHY.
00:34:07 SHE IS TRYING HARD TO ADJUST TO A NEW LIFE AND SHE VALUES THE
00:34:10 CHANCE TO STUDY HERE. BUT LIVING IN AN EXILE HAS BEEN
00:34:14 VERY DIFFICULT FOR US. WE HAVE TO SHARE THE BATHROOM
00:34:18 AND SHOWER WITH MANY OTHER FAMILIES.
00:34:22 ONE TIME BEFORE TAKING A SHOWER MY DAUGHTER WENT BACK TO OUR
00:34:25 ROOM TO GET HER CLOTHES. WHEN SHE RETURNED ABOUT FIVE
00:34:28 MINUTES LATER SOMEONE HAD THROWN HER BELONGINGS OUT OF
00:34:30 THE SHOWER. SHE CRIED AND I FELT
00:34:33 HEARTBROKEN LIVING IN THIS ENVIRONMENT HAS MADE HER MORE
00:34:36 NERVOUS AND I WORRY ABOUT HER MENTAL HEALTH.
00:34:40 I'M A SINGLE MOTHER. I DO NOT SPEAK THE LANGUAGE
00:34:41 WELL AND I RECENTLY HAD SURGERY SO DO I HAVE TO WORK VERY HARD
00:34:45 INCLUDING CARRYING HARRY ITEMS JUST TO SUPPORT US?
00:34:48 BUT WE STILL CANNOT AFFORD MARKET RATE RENT IN SAN
00:34:52 FRANCISCO WE HAVE APPLIED FOR AFFORDABLE HOUSING BUT THE
00:34:56 CHANCES ARE VERY LIMITED AND WE HAVE NOT BEEN SELECTED.
00:35:00 THIS IS WHY I RESPECTFULLY ASK SUPERVISORS TO SUPPORT
00:35:04 EXPANDING THE HOUSING TRUST FUND.
00:35:07 THIS FUND CAN HELP BUILD MORE AFFORDABLE HOUSING AND PROTECT
00:35:11 FAMILIES LIKE OURS FROM UNSAFE AND UNSTABLE LIVING CONDITIONS.
00:35:14 I HOPE MY DAUGHTER CAN GROW UP IN A SAFE, STABLE AND DIGNIFIED
00:35:17 HOME. >> THANK YOU
00:36:34 . >> OKAY.
00:36:37 THANK YOU. HI SUPERVISORS.
00:36:42 >> MY NAME IS CHE HA. WELL, MY FAMILY OF FOUR LIVES
00:36:47 IN A VERY SMALL CELL IN CHINATOWN.
00:36:50 I AM A MOTHER OF TWO CHILDREN. OUR BUILDING HAS MANY SERIOUS
00:36:54 PROBLEM INCLUDING MICE, ROACHES ,WATER LEAKS, MOLD A BROKEN
00:36:58 STOVE AND CLOCK TOILETS AT NIGHT.
00:37:02 MICE AND ROACHES OFTEN MOVE THROUGH THE CEILING AND MAKE
00:37:06 NOISES MAKING IT HARD FOR US TO SLEEP.
00:37:07 MANY SMALL FAMILIES FACE THE SAME UNSAFE LIVING CONDITION
00:37:10 EVEN THOUGH WE WORK HARD EVERY DAY.
00:37:14 >> WE STILL CANNOT AFFORD MARKET RATE RENT IN SAN
00:37:17 FRANCISCO. THIS IS WHY WE NEED THE CITY
00:37:20 SUPPORT. >> EXPANDING THE HOUSING TRUST
00:37:21 FUND WILL HELP BUILD MORE AFFORDABLE HOUSING, IMPROVE
00:37:25 EXISTING SOCIAL HOUSING CONDITIONS AND HELP FAMILIES
00:37:29 LIKE MINE MOVE OUT OF UNSAFE HOMES.
00:37:30 PLEASE SUPPORT EXPANDING THE HOUSING TRUST FUND SO MORE
00:37:33 FAMILIES CAN LIVE IN SAFE AND STABLE HOUSING.
00:37:37 >> THANK YOU
00:38:48 I SUPERVISORS. >> MY NAME IS PING SCHILLING.
00:38:53 I AM A MOTHER OF TWO CHILDREN. I HAVE TWO SONS AGES 13
00:38:56 AND FIVE. OUR SMALL ROOM DOES NOT HAVE A
00:39:00 KITCHEN BECAUSE OUR BUILDING IS VERY CLOSE TO GROCERY STORES
00:39:03 AND RESTAURANTS. WE OFTEN SEE MICE AND ROACHES
00:39:07 IN THE BUILDING. MY YOUNGER SON IS VERY SCARED
00:39:09 AFTER SCHOOL. HE OFTEN TRIES TO DELAY GOING
00:39:11 HOME BECAUSE HE'S AFRAID TO RETURN TO THIS ENVIRONMENT.
00:39:15 I FEEL GUILTY THAT I CANNOT GIVE MY CHILDREN A BETTER PLACE
00:39:19 TO LIVE. BUT THE REALITY IS THAT THE
00:39:22 COST OF LIVING IS VERY HIGH. RENT IS EXPENSIVE AND MOST OF
00:39:26 OUR INCOME GOES TOWARDS RENT. EVERY TIME I APPLY FOR
00:39:30 AFFORDABLE HOUSING I FEEL LESS AND LESS HOPEFUL.
00:39:31 >> THERE MAY BE ONLY A FEW DOZEN AFFORDABLE UNITS BUT
00:39:35 THOUSANDS OF PEOPLE APPLY. WHEN I SEE THAT MY LOTTERY
00:39:39 NUMBER IS OVER 2000 I KNOW RIGHT AWAY THAT WE HAVE ALMOST
00:39:45 NO CHANCE. I SINCERELY HOPE SUPERVISORS
00:39:46 WILL SUPPORT EXPANDING THE HOUSING TRUST FUND AND HELP
00:39:50 BUILD MORE AFFORDABLE HOUSING IN CHINATOWN AND NEARBY
00:39:54 NEIGHBORHOODS SO FAMILIES LIKE MINE CAN HAVE A REAL CHANCE TO
00:39:58 MOVE INTO SAFE AND AFFORDABLE HOMES.
00:40:00 >> THANK YOU
00:41:17 ,MISS JEN CHANG. >> TODAY I WOULD LIKE TO SHARE
00:41:22 MY FAMILY'S STORY AND ASK FOR YOUR SUPPORT IN EXPANDING THE
00:41:25 HOUSING TRUST FUND. I HAVE A TWO YEAR OLD SON
00:41:28 AND OUR FAMILY IS CURRENTLY LIVING IN AND I SAW THE ROOM IS
00:41:31 VERY SMALL. MY CHILD HAS TO EAT AND PLAY ON
00:41:33 THE BED SIMPLY BECAUSE THERE IS NOT ENOUGH SPACE FOR HIM.
00:41:36 THE BUILDING WE LIVE IN IS OLD. TWO MONTHS AGO MICE ENTER OUR
00:41:42 ROOM AT NIGHT AND AFFECT THE ASLEEP.
00:41:43 WE LATER FOUND THAT THEY HAD DAMAGED THE WINDOW FRAME
00:41:48 AND WERE COMING THROUGH HOLES IN THE SINK.
00:41:50 >> ALTHOUGH THE ISSUE HAS BEEN TEMPORARILY FIXED I STILL WORRY
00:41:54 ABOUT MY CHILD'S HEALTH AND SAFETY.
00:41:55 I KNOW SAN FRANCISCO HAS AFFORDABLE HOUSING BUT THERE
00:41:58 ARE MANY APPLICANTS AND LONG WAIT LISTS.
00:42:01 EVEN AFTER WAITING FOR MANY YEARS MANY FAMILIES ARE NOT
00:42:05 SELECTED FOR LOW INCOME FAMILIES LIKE OURS.
00:42:06 >> MARKET RATE RENT IS AN OF. THIS IS WHY I SUPPORT EXPANDING
00:42:13 THE HOUSING TRUST FUND AND I ASK FOR YOUR SUPPORT.
00:42:14 THANK YOU
00:43:25 . >> HI SUPERVISORS.
00:43:25 MY NAME IS GINGER QUAN. MY TWO DAUGHTERS AND I LIVE
00:43:29 IN AN ALL IN CHINATOWN. ONE OF MY DAUGHTERS IS 20 YEARS
00:43:35 OLD AND THE OTHER JOHNSON IS EIGHT.
00:43:36 MY OLDER DAUGHTER STUDIES AT CITY COLLEGE AND MY YOUNGER
00:43:40 DAUGHTER IS IN ELEMENTARY SCHOOL.
00:43:41 >> WE ARE NEW IMMIGRANTS. WE CAME TO THE UNITED STATES SO
00:43:44 MY DAUGHTERS COULD RECEIVE A BETTER EDUCATION AND HAVE A
00:43:47 BETTER FUTURE. >> I AM CURRENTLY UNEMPLOYED SO
00:43:51 OUR FAMILY'S DEPENDS ON MY HUSBAND'S INCOME.
00:43:54 WITH OUR CURRENT FINANCIAL SITUATION WE CANNOT AFFORD
00:43:55 MARKET RATE RENT. THIS IS WHY WE HAVE NO CHOICE
00:43:59 BUT TO LIVE IN THE NEST ALL IN THE SOL WE MUST SHARE A
00:44:03 KITCHEN, BATHROOM AND SHOWER WITH OTHER TENANTS.
00:44:06 WAITING IN LINE IS PART OF DAILY LIFE.
00:44:09 >> I REMEMBER ONE TIME WE HAD TO WAIT TWO HOURS JUST TO COOK
00:44:13 AND WE DID NOT EAT DINNER UNTIL 9 P.M..
00:44:16 >> AS A MOTHER I TRULY HOPE MY CHILDREN CAN GROW UP IN A
00:44:20 HEALTHY AND SAFE ENVIRONMENT. I SINCERELY ASK SUPERVISORS TO
00:44:24 SUPPORT EXPANDING THE HOUSING TRUST FUND AND HELP BUILD MORE
00:44:28 AFFORDABLE HOUSING IN CHINATOWN AND NEARBY NEIGHBORHOODS.
00:44:32 SO WHILE HONORABLE FAMILIES SENIORS AND CHILDREN CAN ALL
00:44:35 BENEFIT THANK YOU
00:45:40 . >> I AM LIVING IN NASSAU WITH
00:45:43 MY TWO KIDS. WE ARE A FAMILY OF FOUR BECAUSE
00:45:47 I'M MONOLINGUAL. I CAN ONLY WORK A LOW WAGE JOB
00:45:50 AND IT'S REALLY DIFFICULT TO AFFORD ANYTHING IN SAN
00:45:52 FRANCISCO BECAUSE THE COST OF LIVING IS SO HIGH.
00:45:55 THE RENT IS SO EXPENSIVE. OUR CURRENT SOCIAL CONDITION IS
00:45:59 TERRIBLE. >> LUCKILY WE RECEIVE A LOT OF
00:46:02 HELP FROM THE SOL FAMILIES UNITED COLLABORATIVE AND WE
00:46:06 HAVE THE OPPORTUNITY TO APPLY FOR AFFORDABLE HOUSING.
00:46:09 >> HOWEVER, WE ARE NEVER WE NEVER GET SELECTED BECAUSE
00:46:13 THERE ARE NOT A LOT OF AFFORDABLE HOUSING UNITS
00:46:14 AVAILABLE AND THERE ARE A LOT OF PEOPLE APPLYING.
00:46:18 THAT'S WHY I'M HERE TODAY TO ASK FOR YOUR HELP AND FOR YOUR
00:46:22 SUPPORT AND EXPANDING THE HOUSING TRUST FUND.
00:46:25 >> THANK YOU
00:47:55 . >> IS YOURS YOUNG JOHN?
00:47:56 I'M HERE TODAY TO ASK FOR YOUR SUPPORT IN EXPANDING THE
00:48:00 HOUSING TRUST FUND. MY FAMILY OF FOUR CURRENTLY
00:48:04 LIVES IN THE NASSAU IN CHINATOWN.
00:48:05 I HAVE TWO CHILDREN IN ELEMENTARY SCHOOL AND WE ARE
00:48:08 A LOW INCOME FAMILY. >> I CAN ONLY WORK PART TIME
00:48:12 AND BECAUSE OF THE DIFFICULTY OF TAKING CARE OF TWO CHILDREN
00:48:18 SOMETIMES I DON'T GET HOME UNTIL 10 P.M..
00:48:22 RECENTLY OUR FAMILY ALSO STRUGGLE WITH UNEMPLOYMENT.
00:48:26 WE ARE DOING EVERYTHING WE CAN TO SUPPORT OUR FAMILY.
00:48:30 BUT IN SAN FRANCISCO WHERE THE COST OF LIVING AND RENT ARE SO
00:48:31 HIGH IT'S VERY DIFFICULT TO GET BY.
00:48:34 THE CONDITIONS IN NASSAU ARE NOT THE BEST.
00:48:38 WE HAVE ONGOING PROBLEM WITH MICE AND ROACHES ESPECIALLY
00:48:41 IN THE KITCHEN. >> MY CHILDREN ARE ALSO AFRAID
00:48:43 AND THEY DO NOT WANT TO GO INTO THE KITCHEN.
00:48:47 >> AS A FATHER MY GREATEST HOPE IS REALLY SIMPLE.
00:48:50 I WANT MY CHILDREN TO GROW UP IN A SAFE AND HEALTHY HOME.
00:48:54 THAT IS WHY I SUPPORT EXPANDING THE HOUSING TRUST FUND AND I'M
00:48:57 ASKING ALL OF YOU FOR YOUR SUPPORT TO EXPAND THE HOUSING
00:49:02 TRUST FUND AS WELL SO MORE PEOPLE CAN APPLY FOR AFFORDABLE
00:49:05 HOUSING AND HAVE A CHANCE TO MOVE OUT.
00:49:06 >> THANK YOU. >> THANK YOU.
00:49:09 THANK YOU. THANK YOU.
00:49:10 THANK YOU. THANK YOU.
00:49:12 >> MY GOOD MORNING SUPERVISORS PETER STEVENS WITH TODD COE.
00:49:28 >> THANK YOU ALL FOR THE WORK YOU'VE DONE ON THIS.
00:49:31 WE SUPPORT THE HOUSING TRUST FUND.
00:49:34 HOWEVER, SAN FRANCISCO REALLY NEEDS TO BE A CITY FOR ALL
00:49:35 MEANING THAT WE'RE WORKING FOR WORKING PEOPLE.
00:49:38 CITY SANCTIONS REPORTS HAVE SAID WE NEED TO INVEST $1
00:49:42 BILLION A YEAR AT DEED RESTRICTED HOUSING.
00:49:46 SO I HOPE THIS IS THE BEGINNING OF THE CONVERSATION, NOT THE
00:49:47 END. THANK YOU ALL.
00:49:48 >> WE APPRECIATE YOUR WORK. >> HI SUPERVISORS.
00:49:56 A FAMILY CANNOT MAKE IT HERE TODAY SO I'M SHARING THIS
00:50:00 FAMILY'S STORY ON HER BEHALF. >> YOU CANNOT READ SOMETHING ON
00:50:04 SOMEONE ELSE'S. WE HAVE.
00:50:04 THEY MUST BE HERE. IF YOU WOULD LIKE TO USE YOUR
00:50:06 OWN PUBLIC COMMENT, TIME TO READ IT.
00:50:08 >> THAT'S FINE. SO THEY HAVE TO BE HERE TO
00:50:09 READ. CAN'T READ STATEMENTS FROM
00:50:12 OTHER PARTIES. >> YOU HAVE ONE MINUTE YOU CAN
00:50:15 READ IT. >> OKAY.
00:50:15 GOT IT. >> HI, SUPERVISORS.
00:50:18 MY NAME IS SANDY. I'M HERE TO SHARE A FAMILY'S
00:50:21 STORY. SO THIS FAMILY, THEY ARE THE
00:50:25 MOST HARDWORKING PEOPLE THAT I KNOW THAT THEY ARE TRYING THEIR
00:50:29 BEST EVERY DAY TO LIVE THEIR LIFE.
00:50:30 AND I REMEMBER THAT ONE OF THEIR DAUGHTERS, LISA, SHE HAS
00:50:34 A FAVORITE BOOK AND SHE ALWAYS GOES TO CHINATOWN LIBRARY TO
00:50:37 CHECK OUT THIS BOOK. THIS BOOK IS CALLED YOUR HOUSE
00:50:41 MY HOUSE. SHE LOVES THIS BOOK SO MUCH
00:50:44 BECAUSE OF ALL THE ANIMALS IN THE STORY HAVE THEIR OWN
00:50:45 ROOMS. >> AFTER READING IT, SHE
00:50:48 REALIZED THAT SOME PEOPLE HAVE THEIR OWN ROOMS.
00:50:51 BEFORE THAT SHE THOUGHT THAT EVERYONE HAD TO SHARE A SHOWER
00:50:53 KITCHEN AND BATHROOM AND SHE THOUGHT THAT EVERYONE LIVING
00:50:56 IN THIS SMALL AND CROWDED SPACE IS NORMAL AND SHE OFTEN TAKE
00:50:59 THE BOOK OUT AND ASK HER MOM AND SHE ASKED MOM WHEN CAN WE
00:51:04 HAVE OUR OWN ROOM? AND LIKE THE ANIMALS IN THE
00:51:07 BOOK WHEN CAN WE MOVE OUT OF THE STALL?
00:51:11 >> EVERY TIME I SEE STORIES LIKE THIS AND I HEAR FROM
00:51:14 CHILDREN IN THEIR SOULS, I JUST REALLY HOPE THAT WE HAVE MORE
00:51:17 AFFORDABLE HOUSING FOR FAMILIES SO THEN THEY CAN MOVE UP.
00:51:19 >> SO I'M HERE TO ASK FOR YOUR SUPPORT AND THE EXPANSION OF
00:51:25 THE HOUSING TRUST FUND. >> THANK YOU.
00:51:29 >> GOOD MORNING, CHAIR WALTON AND MEMBERS OF THE RULES
00:51:34 COMMITTEE. >> KYLE SMYLIE WITH THE SAN
00:51:36 FRANCISCO COMMUNITY LAND TRUST HERE TO URGE YOUR SUPPORT FOR
00:51:38 THE HOUSING TRUST FUND EXPANSION AND THE CRITICAL
00:51:41 INVESTMENT IN HOUSING PRESERVATION THAT IS INCLUDED
00:51:45 AS PART OF THIS PACKAGE. >> AT ACL T WE PRESERVE
00:51:48 AFFORDABLE HOUSING BY ACQUIRING APARTMENT BUILDINGS AND TAKING
00:51:49 THEM PERMANENTLY OFF THE SPECULATIVE MARKET.
00:51:53 WE WORK WITH TENANTS FACING DISPLACEMENT AND HELP KEEP
00:51:57 LONGTIME SAN FRANCISCANS IN THEIR HOMES.
00:52:00 >> THE HOUSING TRUST FUND EXPANSION AND SPECIFICALLY THE
00:52:01 COMMITMENT OF AT LEAST $70 MILLION FOR PRESERVATION
00:52:05 AND ACQUISITION WILL GIVE ORGANIZATIONS LIKE OURS THE
00:52:08 RESOURCES TO ACT WHEN OPPORTUNITIES ARISE
00:52:12 AND PRESERVE HOMES BEFORE THEY'RE LOST TO SPECULATION
00:52:14 WITH RENTS RISING EVICTIONS INCREASING AND AFFORDABLE
00:52:16 HOUSING FUNDING. >> OTHERWISE DECLINING THIS
00:52:19 INVESTMENT COULD NOT BE MORE IMPORTANT.
00:52:20 PLEASE SUPPORT THE HOUSING TRUST FUND EXPANSION AND THE
00:52:24 PRESERVATION INVESTMENTS THAT WILL KEEP SAN FRANCISCANS
00:52:26 IN THEIR HOMES. THANK YOU CHAIRMAN MEMBER
00:52:28 MELGAR FOR YOUR LEADERSHIP ON THIS.
00:52:29 >> THESE. GOOD MORNING CHAIR WALTON
00:52:37 AND MEMBERS OF THE COMMITTEE. MY NAME IS MITCH MANKIN WITH
00:52:40 SAN FRANCISCO HOUSING DEVELOPMENT CORPORATION.
00:52:42 WE'RE A COMMUNITY BASED AFFORDABLE HOUSING DEVELOPER,
00:52:45 RESIDENT SERVICE PROVIDER AND HUD CERTIFIED COUNSELING
00:52:46 AGENCY BASED IN THE BAYVIEW AND FILLMORE SERVING PRIMARILY
00:52:50 BLACK COMMUNITY. WE'RE SO PROUD TO BE IN SUPPORT
00:52:53 OF THE HOUSING TRUST FUND AND SO APPRECIATIVE OF
00:52:56 SUPERVISOR DELGADO'S LEADERSHIP ON THIS.
00:52:57 OUR NEED AS YOU'VE HEARD IN THESE COMMENTS IS WHAT
00:53:00 YOU'VE HEARD IS MIRRORED CITYWIDE AND IT'S TO THE TUNE
00:53:04 OF $1 BILLION. THIS IS AN EXCELLENT FIRST STEP
00:53:07 TOWARDS MEETING THE NEEDS FOR AFFORDABLE HOUSING IN OUR
00:53:08 COMMUNITY. AT LEVERAGING STATE AND FEDERAL
00:53:11 DOLLARS THAT WE NEED TO LEVERAGE IF WE WANT TO MEET
00:53:14 THOSE GOALS. THANK YOU SO MUCH.
00:53:15 WE'RE PROUD TO BE IN SUPPORT. >> MORNING SUPERVISORS.
00:53:22 MY NAME'S DOUGLAS FANGMAN. I'M THE FORMER PRESIDENT OF THE
00:53:27 CITY PLANNING COMMISSION UNDER THE AGNES MAYORALTY WHICH I'M
00:53:33 PROUD TO SAY INSTITUTED THE FIRST OF INCLUSIONARY HOUSING
00:53:36 LAW IN SAN FRANCISCO. THANK YOU FOR YOUR SUPPORT OF
00:53:44 THE AFFORDABLE HOUSING TRUST FUND.
00:53:45 YOU JUST PASSED A COMPREHENSIVE CITY REZONING BUT NO PROVISIONS
00:53:52 FOR AFFORDABLE HOUSING. THERE ARE MANY SHOVEL READY
00:53:56 PROJECTS READY TO GO THAT NEED THE IMPETUS OF THE CITY FUNDING
00:54:04 TO GET THEIR STATE AND FEDERAL HOUSING TAX CREDITS.
00:54:08 AS MY WIFE BARBARA WILL BE TALKING ABOUT ONE PROJECT IN A
00:54:11 MINUTE. PLEASE PASS THIS AND LET'S GET
00:54:15 STARTED ON BUILDING AFFORDABLE HOUSING IN SAN FRANCISCO.
00:54:17 >> THANK YOU. >> GOOD MORNING SUPERVISORS.
00:54:26 BARBARA ENGMAN. THANK YOU FOR SUPPORTING THE
00:54:29 TRUST FUND AMENDMENTS. >> I REPRESENT MARTIN LUTHER
00:54:33 TOWER INC. WE ARE A CHURCH OWNED
00:54:37 CORPORATION THAT BUILDS AFFORDABLE HOUSING.
00:54:40 WE CURRENTLY OWN AND OPERATE A LOW INCOME SENIOR HOUSING
00:54:48 BUILDING OF 121 UNITS. WE HAVE ENTITLEMENTS FOR A
00:54:52 SECOND BUILDING OF 94 UNITS LOW INCOME AND THIRDLY WE ARE
00:54:59 IN THE PROCESS OF ENTITLEMENTS FOR OUR THIRD AFFORDABLE SENIOR
00:55:04 HOUSING OF 121 UNITS FOR A TOTAL OF OVER 300 UNITS.
00:55:08 THANK YOU. >> MORNING SUPERVISORS.
00:55:18 MY NAME IS CARLOS MEL GOSA AND I AM A PROJECT DEVELOPER
00:55:20 WITH MISSION HOUSING DEVELOPMENT CORPORATION.
00:55:22 I WANT TO THANK SUPERVISOR MYRNA MELGAR FOR HER LEADERSHIP
00:55:26 ON STRAIGHTENING AND EXTENDING SAN FRANCISCO'S HOUSING TRUST
00:55:30 FUND. AS SOMEONE WHO WORKS EVERY DAY
00:55:33 TO FINANCE AND BUILD AFFORDABLE HOUSING, I CAN TELL YOU THAT
00:55:34 ONE OF THE GREATEST CHALLENGES WE SAVE WE FACE IS THE LACK OF
00:55:39 PREDICTABLE LONG TERM LOCAL FUNDING.
00:55:42 AFFORDABLE HOUSING DEVELOPMENT TAKES YEARS TO ASSEMBLE
00:55:46 AND REQUIRE MULTIPLE PUBLIC, PRIVATE AND PUBLIC AND PRIVATE
00:55:47 FUNDING SOURCES. HAVING A STABLE HOUSING TRUST
00:55:50 FUND GIVES DEVELOPERS, LENDERS AND COMMUNITY PARTNERS THE
00:55:54 CONFIDENCE TO MOVE PROJECTS FORWARD.
00:55:57 I RESPECTFULLY URGE THE BOARD TO SUPPORT THIS EFFORT
00:55:59 AND CONTINUE INVESTING IN AFFORDABLE HOUSING THAT SAN
00:56:02 FRANCISCANS NEED. >> THANK YOU FOR YOUR TIME.
00:56:09 >> GOOD MORNING CHAIRWOMAN AND SUPERVISORS.
00:56:12 ON BEHALF OF HABITAT FOR HUMANITY GREATER SAN FRANCISCO
00:56:14 WE WANT TO SHARE OUR STRONG SUPPORT FOR THIS AMENDMENT.
00:56:18 THIS IS A DIFFICULT BUDGET YEAR FOR US.
00:56:21 ALSO I APPRECIATE THIS PRIORITIZATION OF AFFORDABLE
00:56:24 HOUSING. ONE THING THAT I WOULD ASK FOR
00:56:26 YOU ALL TO PAY ATTENTION TO IS AFFORDABLE HOME OWNERSHIP
00:56:29 AND IN PARTICULAR FUNDS AT ALL LEVELS DEDICATED TO
00:56:32 HOMEOWNERSHIP, PRODUCTION AND PRESERVATION ARE QUICKLY
00:56:34 DRYING UP ESPECIALLY FROM THE STATE LEVEL WHERE CAL HOME HAS
00:56:37 NOT RECEIVED FUNDS FOR THE PAST SEVERAL YEARS INCLUDING IN THE
00:56:41 CURRENTLY PROPOSED BUDGET. WE REALLY DO APPRECIATE
00:56:44 SUPERVISOR MELGAR YOUR DOWNPAYMENT ASSISTANCE
00:56:47 AMENDMENT BUT I WOULD ALSO LIKE TO REMIND THE COMMITTEE THAT
00:56:49 MAKING IT EASIER TO BUY OUR LIMITED STOCK OF AFFORDABLE
00:56:52 HOMES FOR OWNERSHIP WITHOUT INCREASING THE SUPPLY OF THESE
00:56:55 HOMES WILL ONLY MAKE OWNERSHIP OPPORTUNITIES MORE EXPENSIVE
00:56:57 FOR EVERYBODY. WE'D BE VERY HAPPY TO DISCUSS
00:57:00 THIS FURTHER WITH ANY OF YOU AND TO MAKE SURE THAT
00:57:03 HOMEOWNERSHIP IS FULLY A PART OF THIS VERY CRITICAL CHARTER
00:57:06 AMENDMENT. >> THANK YOU VERY MUCH FOR
00:57:17 BACK. >> I HOPE
00:58:23 SOMEWHAT I CAN USE THIS AGAIN. >> GOOD MORNING EVERYONE.
00:58:28 MY NAME IS JIM. HE AM MEMBER OF THE COMMUNE
00:58:31 TENANT ASSOCIATION. TODAY HE IS SPEAKING ON BEHALF
00:58:34 OF COMMUNITY TO ASK FOR YOUR SUPPORT FOR HOUSING TRUST FUND
00:58:36 PROGRAM RECENTLY HE HAS WE SEE WE PULL FOR MANY LONG TERM
00:58:40 TENANTS WHO ARE FACING EVICTION NOTICE OR INCREASING PERSONAL
00:58:43 DISPLACEMENT AS MARKET RENT CONTINUE TO RISE LOW INCOME
00:58:46 TENANTS ARE FACING EVEN GREATER FINANCIAL BURDEN.
00:58:50 AT THE SAME TIME MANY OF OUR SENIOR MEMBER ARE STILL LIVING
00:58:53 IN OUR UNIT AS THEY'RE GETTING OLDER THERE IS LIVING CONDITION
00:58:57 NO LONGER SUITABLE FOR THEIR NEEDS.
00:58:58 THEY REQUIRE HOUSING. WE ELEVATOR AND LARGER LIVING
00:59:01 SPACE HOWEVER THEIR FIXED INCOME CANNOT KEEP UP THE RENT
00:59:05 INFLATION MAKING IT IMPOSSIBLE FOR THEM TO RELOCATE FOR MORE
00:59:09 APPROPRIATE HOUSING. THEREFORE WE WE NEED THE CD TO
00:59:13 TO USE THE HOUSING TRUST FUND TO SUPPORT THE DEVELOPMENT OF
00:59:14 THE MORE AFFORDABLE HOUSING. BACK IN 2012 CTA PUBLIC SUPPORT
00:59:17 THE HOUSING TRUST FUND AND TODAY IN 2026 CTA CONTINUE
00:59:20 TO EXPRESS STRONG STRONG SUPPORT ON BEHALF OF CTA, WE
00:59:27 ASK YOU TO SUPPORT FOR THE HOUSING TRUST FUND.
00:59:29 THANK YOU FOR LISTENING THE VOICE OF THE GRADUATE
00:59:33 COMMUNITY. >> THANK YOU.
00:59:33 THANK YOU. >> THANK YOU.
00:59:36 AND JUST AS A REMINDER PLEASE MAKE SURE THAT YOUR PHONES OR
00:59:39 ANY DEVICE ARE ON SILENT. THANK YOU.
00:59:42 >> MORNING. THANK YOU, CHAIR WALTON
00:59:47 AND THANK YOU TO ALL OF THE MEMBERS OF THE BOARD FOR HERE
00:59:50 IN THIS COMMITTEE FOR CO-SPONSORING THIS.
00:59:53 I'M REBECCA FOSTER, THE CEO OF THE HOUSING ACCELERATOR FUND
00:59:57 AND THE MOST PRESSING ISSUE IN SAN FRANCISCO AND OUR REGION
01:00:02 IS AFFORDABLE HOUSING AND ONE OF OR THE BIGGEST CHALLENGE TO
01:00:05 DELIVERING AFFORDABLE HOUSING THAT OUR COMMUNITY NEEDS IS
01:00:09 RELIABLE PREDICTABLE FUNDING AND THE EXPANSION AND THE
01:00:14 RENEWAL OF THE HOUSING TRUST FUND WILL PROVIDE THAT FOR THE
01:00:17 PRESERVATION OF OUR COMMUNITY, OF OUR HOUSING, FOR PEOPLE WHO
01:00:21 ALREADY LIVE HERE AND NEW PRODUCTION WHICH WE SO
01:00:25 DESPERATELY NEED FOR ECONOMIC DEVELOPMENT AND FOR OUR
01:00:28 FAMILIES AND COMMUNITIES TO KEEP OUR CITY THIS AMAZING
01:00:32 PLACE IT IS. >> THANK YOU SO MUCH.
01:00:39 GOOD MORNING. MEMBERS OF THE COMMITTEE BILL
01:00:40 BARNS ON BEHALF OF MPH THE NONPROFIT HOUSING ASSOCIATION
01:00:44 BEFORE I WAS AN MPH OR WORKED IN THIS BUILDING I LIVED IN A
01:00:48 BASEMENT APARTMENT IN THE HATE FOR 400 BUCKS A MONTH WHEN I
01:00:51 MOVED TO SAN FRANCISCO. THAT'S NOT POSSIBLE FOR PEOPLE
01:00:54 WORKING SERVICE JOBS. IT'S NOT POSSIBLE FOR FOLKS
01:00:55 WORKING FOR PROFIT JOBS AND SO THE LOWEST INCOME FOLKS, THE
01:00:59 MIDDLE INCOME FOLKS WE'RE ALL FEELING THE SQUEEZE.
01:01:01 IT FEELS A LOT LIKE THE.COM ERA.
01:01:02 IT'S WHAT D12 REDEVELOPMENT GOT ELIMINATED.
01:01:05 SO WE BUILT THE HOUSING TRUST FUND TO MAKE SURE THAT WE WOULD
01:01:07 CAPTURE INCREMENTAL PROPERTY GROWTH.
01:01:08 WE'VE DONE THAT AND THIS AMENDMENT EXPANDS ON THAT
01:01:10 SUCCESS SO BIG THANKS TO SUPERVISOR MELGAR, TO
01:01:14 MAYOR LURIE, TO THE FOLKS WHO WORKED IN THE DEPARTMENTS TO
01:01:15 MAKE THIS WORKED IN TO EACH OF YOU FOR MAKING THIS HAPPEN.
01:01:18 ONE REASON WE NEED THIS SET ASIDE IS SO YOU CAN BOND
01:01:21 AGAINST IT. YOU CAN'T BORROW AGAINST MONEY
01:01:23 THAT'S NOT RELIABLE AND SO WE'LL SET ASIDE TO MAY NOT BE
01:01:25 IDEAL IF YOU'RE ACTUALLY DOING CAPITAL TO BUILD THE STACK THAT
01:01:28 I DESCRIBED YOU ACTUALLY NEED TO DO IT THIS WAY.
01:01:30 >> I THANK YOU. SUPERVISORS WILL BE SUPPORTED.
01:01:36 >> GOOD MORNING. MY NAME IS MAMIE DARE AND I'M
01:01:40 WITH MERCY HOUSING CALIFORNIA. WE'RE VERY MUCH ENTHUSIASTIC
01:01:41 IN SUPPORT OF THE HOUSING TRUST FUND CHARTER AMENDMENT MERCY
01:01:44 HOUSING IS A NONPROFIT AND WE HAVE 58 DIFFERENT HOUSING
01:01:48 COMMUNITIES THROUGHOUT SAN FRANCISCO IN DIFFERENT
01:01:52 NEIGHBORHOODS TRANSBAY CASTRO SOMA, BAYVIEW, SUNNYDALE
01:01:56 AND THIS VALLEY. AND WE WOULD LIKE TO DO MORE.
01:01:59 WE HAVE 2900 MORE UNITS IN OUR PIPELINE IN DIFFERENT
01:02:01 NEIGHBORHOODS LIKE LAGUNA HONDA, HAYS VALLEY AND OTHER
01:02:04 AREAS OF THE CITY AND THIS HOUSING TRUST FUND CHARTER
01:02:08 AMENDMENT WILL ALLOW FOR A STUDIES PREDICTABLE SOURCE THAT
01:02:11 ALLOWS US TO KEEP PRODUCING HOUSING FOR OUR LONG TERM
01:02:14 HOUSEHOLDS IN THE CITY. I WANT TO THANK SUPERVISOR
01:02:18 MAUGER AND MAYOR LORI FOR YOUR LEADERSHIP AND FOR ALL THE
01:02:19 CO-SPONSORS INCLUDING THE NEW ONES.
01:02:22 THANK YOU VERY MUCH FOR ANSWERING THE CALL OF SAN
01:02:25 FRANCISCANS WHO ARE SPEAKING ACROSS A WIDE SPECTRUM FOR MORE
01:02:29 FUNDING FOR AFFORDABLE HOUSING. >> THANK YOU.
01:02:37 >> GOOD MORNING SUPERVISORS ZACHARY OLSON CAN THANK YOU
01:02:38 SUPERVISOR MELGAR FOR SPEARHEADING THIS IMPORTANT
01:02:42 STEP TOWARDS MEETING OUR AFFORDABLE HOUSING GOALS.
01:02:45 AS THE BOARD IS WELL AWARE THE CITY IS EXPECTED TO PLAN FOR
01:02:48 47,000 UNITS OF AFFORDABLE HOUSING IN THIS IMPORTANT IS AN
01:02:52 IMPORTANT PART OF ENSURING THAT THERE'S A SUFFICIENT FUNDING
01:02:55 SOURCE TO BUILD THIS HOUSING. HOWEVER, THERE ARE STILL
01:02:57 SIGNIFICANT FUNDING GAPS ACCORDING TO A REPORT PRESENTED
01:03:02 AT LAND USE TWO WEEKS AGO, THE CITY NEEDS ABOUT $2 BILLION PER
01:03:06 YEAR TO MEET ITS RENT GOALS PROVIDED THIS MEASURE PASSES,
01:03:10 THE TRUST FUND WILL BE SUPPLYING ONLY ABOUT 125
01:03:13 MILLION PER YEAR FOR AFFORDABLE HOUSING.
01:03:16 THAT REPRESENTS ONLY 6.25% OF THE TOTAL ANNUAL FUNDING WE
01:03:20 NEED SOME CALM RECOMMENDS THAT THIS COMMITTEE MOVE FOR THIS
01:03:21 CHARTER MEASURE. HOWEVER, WE ALSO ENCOURAGE THE
01:03:24 BOARD TO EXPLORE A PANOPLY OF TOOLS LIKE THE PUBLIC BANK TO
01:03:28 TRULY MEET OUR AFFORDABLE HOUSING PRODUCTION GOALS.
01:03:29 THANK YOU SO MUCH. >> GOOD MORNING SUPERVISORS.
01:03:34 I'M MOLLY GOLDBERG WITH THE SAN FRANCISCO ANTI DISPLACEMENT
01:03:38 COALITION AND I WANT TO THANK YOU FOR SUPPORTING THIS MEASURE
01:03:41 FOR MOVING IT FORWARD AND SAY THAT WE'RE HERE TO SUPPORT THE
01:03:46 EXPANSION OF AFFORDABLE HOUSING AND FUNDING FOR IT IN SAN
01:03:50 FRANCISCO BECAUSE WE UNDERSTAND HOW CRUCIAL IT IS IN BUILDING
01:03:53 THE STABILITY NECESSARY TO BOTH TO BOTH INTERRUPT THE PROCESS
01:03:57 WE SEE OVER AND OVER AGAIN AND THE BOOM TIMES OF THE OF
01:04:01 THE NEW RESOURCES FLOWING INTO OUR COMMUNITIES IMMEDIATELY
01:04:05 BEING TRANSFERRED BACK OUT TO PRIVATE EQUITY TO REAL ESTATE
01:04:09 INVESTMENT TRUSTS IN THE FORM OF HIGHER RENT AND HIGHER
01:04:10 HOUSING COSTS FOR OUR COMMUNITIES AND HOW IMPORTANT
01:04:13 IT IS THEN IN THE INEVITABLE DOWNTURNS THAT WE HAVE THE
01:04:17 STABILITY NECESSARY AND THE PEOPLE IN PLACE THAT CREATE
01:04:20 THAT RESILIENCE TO MAKE IT THROUGH THE NEXT TIME SO WE
01:04:24 UNDERSTAND HOW IMPORTANT INVESTMENT AND AFFORDABLE
01:04:25 HOUSING IS AND WE WANT TO SUPPORT THIS THE HOUSING TRUST
01:04:29 FUND IN A PACKAGE WITH THE AFFORDABLE HOUSING GUARANTEE
01:04:32 ACT, WITH THE PUBLIC BANK AND ALL OF THE RESOURCES WE
01:04:36 NEED AS A CITY TO REALLY ENSURE THAT WE HAVE THAT RESILIENCE
01:04:38 MOVING FORWARD. >> THANK YOU.
01:04:42 WONDERING SUPPORTERS MY NAME IS CAITLIN CAO AND I'M WITH THE
01:04:47 HOUSING RIGHTS COMMITTEE OF SAN FRANCISCO.
01:04:51 AS AN ORGANIZER WE SPENT EVERY DAY FIGHTING TO KEEP PEOPLE
01:04:54 HOUSE. WE KNOW THAT ORGANIZING CAN
01:04:58 STOP EVICTION CAN WHEN WE PEERS BUT WE NEED TO OWN MORE THAN
01:05:02 JUST PUTTING TRY TO PUT OUT FIRES EVERY DAY.
01:05:04 WE NEED MORE FUNDINGS AND KEEP BUILDING TOWARDS LONG TERM
01:05:07 SOLUTION AND SOLUTION THAT ACTUALLY STOP DISPLACEMENT
01:05:11 IN THE FIRST PLACE AND ALSO A SOLUTION THAT DON'T JUST
01:05:15 RESPOND TO CRISIS BUT ACTUALLY CHANGE THE CONDITION THAT
01:05:19 CREATES IT. SO WE NEED MORE DEBT.
01:05:20 OKAY RESOURCES TOWARD PRESERVING OUR EXISTING
01:05:23 AFFORDABLE HOUSING TO BUILD MORE AFFORDABLE HOUSING
01:05:26 AND ALSO SUPPORT COMMUNITY ACQUISITION OF HOUSING SO THAT
01:05:30 WE CAN TAKE HOUSING OFF THE SPECULATIVE MARKET SO THAT
01:05:34 TENANTS HAVE MORE CONTROL AND STABILITY.
01:05:37 AND THAT'S THE TYPE OF INVESTMENT THAT OUR WORKING
01:05:38 CLASS COMMUNITY NEEDS IN THIS CITY.
01:05:42 SO THANK YOU ALL FOR YOUR SUPPORT ON THIS.
01:05:49 >> HELLO, I'M TERESA DE LA LA STREET SAN.
01:05:52 CAN LIKE MANY FAMILIES IN SAN FRANCISCO MY FAMILY WOULD NOT
01:05:57 BE ABLE TO AFFORD MARKET RATE HOUSING.
01:05:58 WE SHARE COSTS AND MAKE SACRIFICES SIMPLY TO REMAIN
01:06:01 IN THE CITY WE CALL HOME THE EXPERIENCE SURVIVING FOUR
01:06:05 EVICTION ATTEMPTS TAUGHT US HOW QUICKLY HOUSING INSECURITY CAN
01:06:09 CREATE FEAR INSTABLE CITY AND UNCERTAINTY.
01:06:13 THAT IS WHY WE SUPPORT EXPANDING HOUSING TRUST FUND.
01:06:16 >> THIS IS ONE OF THE TOOLS THAT WILL HELP PRESERVE BUILD,
01:06:20 PRESERVE AND PROTECT AFFORDABLE HOUSING.
01:06:21 >> IS IT THE ONLY SOLUTION? >> NO.
01:06:25 WE NEED MORE IDEAS. WE NEED TO BUILD AFFORDABLE
01:06:26 HOUSING PROJECTS AS MANY AS WE CAN AND AS SOON AS WE CAN.
01:06:32 THAT'S WHY WE NEED THIS TOOL. WE DON'T WANT TO WAIT TEN YEARS
01:06:36 OR 115 YEARS FOR AFFORDABLE HOUSING WHILE MARKET RATE
01:06:39 HOUSING CONTINUES TO RECEIVE PRIORITY ATTENTION AND MOVE
01:06:43 FORWARD AT A MUCH FASTER PACE ECONOMICALLY THE CHOICE IS
01:06:47 SIMPLE WE CAN INVEST IN AFFORDABLE HOUSING NOW OR WE
01:06:51 CAN PAY MUCH HIGHER COSTS. >> THE QUESTION IS NOT WHETHER
01:06:55 SAN FRANCISCO HAS THE ABILITY TO ADD THE QUESTION.
01:06:58 THANK YOU SO MUCH. NEXT SPEAKER THANK YOU.
01:07:09 GOOD MORNING. GOOD MORNING SUPERVISORS RICK
01:07:13 SANTORUM BUILDS FOR A HOUSING PROGRAM.
01:07:16 I'M JUST HERE TO VOICE MY SUPPORT OF THE HOUSING TRUST
01:07:18 FUND CHARTER AMENDMENT AND JUST URGING ALL THE COMMITTEE
01:07:21 MEMBERS PLEASE USE THE POLITICAL POWER AND WILL THAT
01:07:25 YOU HAVE EVEN BEYOND THIS COMMITTEE TO MAKE SURE THAT
01:07:28 THIS GETS ACROSS THE FINISH LINE?
01:07:31 I'M NOT QUITE SURE WHAT VERSION OF SAN FRANCISCO EXISTS ANYMORE
01:07:35 AS MANY PEOPLE SEEM LESS CONCERNED ABOUT THOSE WHO
01:07:40 AREN'T IN THEIR SAME SOCIAL CLASS OR LIVE IN THEIR SAME
01:07:41 NEIGHBORHOOD. >> SO I THINK IT WOULD BE
01:07:45 FOOLISH TO TAKE FOR GRANTED THE PASSAGE OF THIS AMENDMENT EVEN
01:07:48 THOUGH THERE IS BROAD SUPPORT. SO JUST WANT TO TRY TO, YOU
01:07:52 KNOW, GET EVERYONE TO DO THAT LITTLE EXTRA PERCENTAGE TO SEE
01:07:56 THIS REALLY GET PASSED. AND I ALSO WANT TO JUST SAY I
01:07:59 CAN'T HELP BUT NOTICE THE ABSENCE OF THE PEOPLE THAT ARE
01:08:03 ALWAYS PUSHING FOR BUILDING MORE HOUSING BUT THOSE VOICES
01:08:06 ARE NOT HERE TODAY AND THAT SEEMS A SHAME.
01:08:10 >> THANK YOU FOR GOOD MORNING SUPERVISORS.
01:08:18 MY NAME IS DAN RAIL AS THE PARENT OF TWO S.F. U.S.
01:08:22 STUDENTS AND GREATLY ENCOURAGED TO SEE YOU SUPPORTING THIS
01:08:25 PUBLIC INTERVENTION IN OUR CITY'S MOST INTRACTABLE
01:08:26 PROBLEM, I HOPE YOU AGREE WITH WHAT MANY HAVE SAID THAT THIS
01:08:29 IS A FLOOR AND NOT A CEILING. SAN FRANCISCO HAS COMMITTED TO
01:08:33 CREATING 46,000 AFFORDABLE HOUSING UNITS BY 2031 AND LAST
01:08:36 WEEK THE BUDGET AND LEGISLATIVE AND ANALYST AFFIRMED TO THE
01:08:39 LAND USE COMMITTEE THAT MARKET RATE HOUSING HAS STALLED OUT
01:08:43 FOR LACK OF FINANCING DUE TO MACROECONOMIC FACTORS BEYOND
01:08:46 MUNICIPAL CONTROL, RENTS, EVICTIONS AND HOME PRICES ARE
01:08:50 SPIKING. TOGETHER THE HOUSING TRUST FUND
01:08:53 INCREASE THE CLOSING THE FORECLOSURE LOOPHOLE
01:08:54 AND DEDICATING PROPERTY REVENUE TO AFFORDABLE AND SOCIAL
01:08:58 HOUSING AND THE ESTABLISHMENT OF A PUBLIC BANK APPROACH THE
01:09:02 KIND OF LONG TERM VISION OF HOW SAN FRANCISCO CAN SOLVE THIS
01:09:06 CRISIS AND ENSURE THAT OUR CITY IS AFFORDABLE TO ALL.
01:09:07 I ENCOURAGE YOU TO VOTE YES YES YES TO AFFORDABLE HOMES FOR ALL
01:09:17 . >> GOOD MORNING SUPERVISORS.
01:09:17 MY NAME IS CONNIE FORD. I'M A LONG TIME UNION ORGANIZER
01:09:21 NOW RETIRED AND PRESIDENT OF ST FRANCIS SQUARE, ONE OF THE LONG
01:09:27 TIME EXISTING COOPERATIVES AND SUPERVISOR ABOUT MUHAMMAD'S
01:09:31 DISTRICT. >> I'M JUST HERE TO SAY THAT
01:09:35 OBVIOUSLY OBVIOUSLY WE NEED THIS BILL.
01:09:38 OBVIOUSLY ALL OF THE GREAT PEOPLE HERE DESERVE EVERYTHING
01:09:42 THAT THEY'RE ASKING FOR. ST FRANCIS SQUARE IS A LITTLE
01:09:43 BIT UNIQUE IN THAT WE'RE MARKET RATE BUT OUR MARKET RATE OF
01:09:49 LISTING IS IS LIKE ABOUT 500,000 FOR A THREE BEDROOM TWO
01:09:53 BATH NOW BECAUSE OF THE DOWNTURN.
01:09:56 >> SO WE'RE GOING TO RENOVATE SINCE WHICH WHICH THIRD OF OUR
01:10:01 MEMBERS CANNOT AFFORD A THIRD OF OUR MEMBERS ARE FROM THE OLD
01:10:05 SCHOOL AND THEIR FAMILIES AND WHEN WE WERE ALL SORT OF
01:10:08 EQUAL UNDER HUD WE PAID OFF OUR HUD LOAN RESPONSIBLY A COUPLE
01:10:12 OF DECADES AGO AND NOW WE CAN'T AFFORD TO INCREASE THE REVENUES
01:10:16 IN THE CARING CHARGES FOR AS MANY PEOPLE.
01:10:20 SO THIS IS IT IS AT THE LAST BELL.
01:10:24 OKAY. THANK YOU.
01:10:24 I JUST CONSIDER THE CO-OP ST FRANCIS SQUARE IN PARTICULAR.
01:10:27 >> THANK YOU. GOOD MORNING SUPERVISORS.
01:10:34 >> MY NAME IS JESSICA REVERE AND I AM THE POLICY DIRECTOR A
01:10:38 MISSION ECONOMIC DEVELOPMENT AGENCY.
01:10:39 I AM HERE IN SUPPORT OF THE HOUSING TRUST FUND CHARTER
01:10:42 AMENDMENT AND WHETHER WE HAVE ALREADY BUILT OVER TWO 1200
01:10:44 AFFORDABLE HOUSING UNITS AND WE'RE COMMITTED TO CONTINUE
01:10:48 TO MAKE HOUSING AFFORDABLE FOR EVERYONE IN SAN FRANCISCO.
01:10:52 >> UNFORTUNATELY WE STILL HAVE THREE PROJECTS ON HOLD RIGHT
01:10:53 NOW THAT'S OVER FOUR HUNDRED UNITS AND WE HAVE THE CAPACITY
01:10:56 TO ACQUIRE FOUR PRESERVATION SITES THAT COULD RANGE FROM 40
01:11:00 TO 80 MORE UNITS AT 125 MILLION ANNUAL COMMITMENT COULD MAKE A
01:11:07 HUGE DIFFERENCE FOR US IN OUR COMMUNITY MEMBERS.
01:11:08 WE COULD FINISH BUILDING THESE UNITS AND HOUSE CLOSE TO 500
01:11:12 FAMILIES THIS IS CRUCIAL TO KEEP OUR AFFORDABLE HOUSING
01:11:16 PIPELINE MOVING. SO THANK YOU SUPERVISOR MELGAR
01:11:18 FOR YOUR LEADERSHIP AND I ENCOURAGE ALL OF YOU TO SUPPORT
01:11:20 THIS EXPANSION. >> THANK YOU.
01:11:25 >> GOOD MORNING SUPERVISOR USERS.
01:11:31 >> MY NAME IS MAURICIO SARAH SOTO AND I AM A STUDENT AT
01:11:34 LOWELL HIGH SCHOOL. I HAVE BEEN LIVING IN SAN
01:11:35 FRANCISCO FOR ALMOST 17 YEARS AND I URGE YOU TO SUPPORT
01:11:42 AND ADVANCE THE HOUSING TRUST ONE CHARTER AMENDMENT.
01:11:44 A $125 MILLION ANNUAL COMMITMENT COULD ALLOW MANY
01:11:46 MORE FAMILIES AND CHILDREN TO LIVE IN THIS BEAUTIFUL CITY.
01:11:50 >> I CURRENTLY LIVE IN AFFORDABLE HOUSING AND OTHER
01:11:54 LOW INCOME FAMILIES DESERVE A CHANCE TO LIVE WITH DIGNITY.
01:11:57 MIRA I COULD BUILD CLOSE TO 500 UNITS WITH THIS FUNDING.
01:12:01 >> SO WE HOPE THAT YOU CAN SUPPORT THE HOUSING TRUST FUND
01:12:02 EXPANSION. THANK YOU.
01:12:08 >> GOOD MORNING SUPERVISORS. MY NAME IS ALISON KING.
01:12:13 I'M 17 YEARS OLD AND I'M HERE IN SUPPORT OF THE HOUSING TRUST
01:12:16 FUND AMENDMENT $125 MILLION ANNUAL COMMITMENT IS WHAT IT
01:12:17 TAKES TO KEEP OUR AFFORDABLE HOUSING PIPELINE MOVING FOR
01:12:21 YOUTH LIKE MYSELF. THIS IS A REAL OPPORTUNITY TO
01:12:24 LOCK IN LONG TERM FUNDING FOR AFFORDABLE HOUSING.
01:12:27 SO I URGE YOU TO SUPPORT THE HOUSING TRUST FUND EXPANSION.
01:12:29 THANK YOU. >> GOOD MORNING.
01:12:35 SUPERVISORS AND STUDENT BOOKED OUR MISSION HOUSING SPEAKING
01:12:38 IN SUPPORT OF THE HOUSING TRUST FUND CHARTER AMENDMENT.
01:12:42 >> WE'VE ALL HEARD THE NECESSITY FOR AFFORDABLE
01:12:44 HOUSING. WE ALL KNOW THE HOUSING GOALS.
01:12:46 WE ARE THOUSANDS OF UNITS BEHIND AND PROBABLY A DECADE
01:12:47 MAYBE OF MAKING A SIZABLE DENT IN THE NEED EVERY SINGLE
01:12:53 AFFORDABLE HOUSING DEVELOPER WHO HAS COME UP HERE HAS UNITS
01:12:55 IN THE PIPELINE THAT JUST NEED FUNDING AND LIKE MANY FAMILIES
01:13:00 THAT YOU HEARD FROM TODAY, I ALSO GREW UP IN AN SRO IN THE
01:13:05 TENDERLOIN WITHOUT ANY HOPE OF GETTING OUT.
01:13:06 >> WE CANNOT HAVE PRIDE IN THIS CITY IF WE PASS THIS
01:13:10 AFFORDABILITY CRISIS ON TO THE NEXT GENERATION.
01:13:14 PUT IT ON THE BALLOT AND PLEASE JUST LET THE VOTERS OF SAN
01:13:17 FRANCISCO REMIND THIS GOVERNMENT AGAIN AND AGAIN THAT
01:13:18 WE MUST UTILIZE EVERY NECESSARY SOLUTION SO PEOPLE CAN SIMPLY
01:13:22 AFFORD TO LIVE HERE. >> THANK YOU.
01:13:32 >> LIKE I DON'T LIVE IN HIGH PAYING, YOU KNOW, IN EVERY CITY
01:13:36 OR YOU CAN MANAGE PROVISOS MY NAME IS WENDY NG AND I AM THE
01:14:09 PRESIDENT OF PENGUIN RESIDENCE IMPROVEMENT ASSOCIATION.
01:14:12 >> I LIVE IN PENGUIN IN THE HEART OF CHINATOWN FOR MOST OF
01:14:16 MY LIFE I RAISE MY SON HERE IN THIS COMMUNITY.
01:14:20 >> LET US GIVE MY FAMILY STABILITY AND A PLACE TO CALL
01:14:23 HOME. >> TODAY AT 64 I LIVE ON A
01:14:25 FIXED INCOME WITHOUT AFFORDABLE HOUSING I COULD NOT AFFORD TO
01:14:28 STAY IN SAME AS THIS CO PENGUIN IS ONE OF THE FEW AFFORDABLE
01:14:34 HOUSING WHERE LOW INCOME FAMILIES AND SENIORS CAN REMAIN
01:14:38 CONNECTED TO THEIR CULTURE, LANGUAGE AND SUPPORT NEIGHBORS
01:14:43 . >> THIS IS WHY I SUPPORT THE
01:14:44 HOUSING TRUST FUND EXPANSION IF WILL HELP MORE FAMILIES TO FIRE
01:14:50 HOME AND MORE SENIORS AGE IN PLACE.
01:14:51 >> PLEASE SUPPORT THIS MEASURE. >> THANK YOU.
01:15:00 GOOD MORNING SUPERVISORS. MY NAME IS AVI AND I'M HERE
01:15:02 WITH THE CHINATOWN COMMUNITY DEVELOPMENT CENTER.
01:15:05 WE WANT TO EXPRESS OUR SUPPORT OF THE HOUSING TRUST FUND
01:15:08 AND WE ESPECIALLY WANT TO THANK SUPERVISOR MELGAR FOR YOUR
01:15:12 LEADERSHIP ON THIS AS WELL AS CHUCHU AND ALL THE CO SPONSORS
01:15:16 FOR OUR PARTNERSHIP. YEAH WE THIS COMES AT A
01:15:20 CRITICAL TIME WHEN OUR STATE AND FEDERAL RESOURCES ARE
01:15:24 DRYING UP AND AS THE SPEAKERS BEFORE US HAVE SAID THIS THERE
01:15:27 REALLY IS A STABLE AND PREDICTABLE SOURCE OF
01:15:29 INCOME THAT WILL HELP US UNLOCK THE SEVERAL HUNDREDS OF
01:15:32 AFFORDABLE HOUSING UNITS IN OUR PIPELINE INCLUDING CCD.
01:15:39 AND YEAH, AS OUR RESIDENTS HAVE SAID, THEY'RE REALLY STRUGGLING
01:15:42 AT THIS MOMENT TO PAY FOR RENT BUT ALSO TO AFFORD FULL HEALTH
01:15:46 CARE AND OTHER NECESSITIES. SO THIS IS REALLY A GREAT STEP
01:15:50 AND WE DO AGREE WITH SPEAKERS BEFORE US THAT IT SHOULD BE A
01:15:52 FLUID AND NOT A CEILING AND THANK YOU JUST HOPING FOR
01:15:55 UNANIMOUS SUPPORT OF THIS MEASURE IN MORNING SUPERVISORS
01:16:07 . MY NAME IS JAMIE FALLON LETHAL
01:16:11 AND I AM THE PEER RESPONDER OF THE BATH ACTORS PROGRAM.
01:16:15 I AM HERE TODAY TO SUPPORT SUPERVISOR MILLIGAN IN MAKING
01:16:19 THE SPAN OF THE NEW HOUSING TRUST BEEN UPDATED TO
01:16:22 REQUIREMENT, I RESPECTFULLY ASK FOR THE RULES COMMITTEE MOVE
01:16:24 THE MEASURE FORWARD AND SUPPORT PUTTING IT ON THE BALLOT.
01:16:27 VOTER CAN DECIDE IT WILL HELP BUILD AND PROVIDE AFFORDABLE
01:16:34 HOMES ACROSS SAN FRANCISCO. >> PLEASE SUPPORT THE
01:16:38 ALLEGATION AND MOVE FORWARD. >> THANK YOU FOR YOUR TIME.
01:16:41 >> APPRECIATE IT. GOOD MORNING SUPERVISORS.
01:16:45 JENNIFER DOLAN, CEO OF T&E SEE AGAIN I'D LIKE TO EXPRESS OUR
01:16:52 SUPPORT FOR THIS REALLY IMPORTANT CHARTER AMENDMENT
01:16:54 HAVING DONE THIS WORK FOR SO MANY YEARS, SEEING THE DIRECTOR
01:17:00 AS YOU KNOW FLOW OF FUNDS OVER THE INCONSISTENCY OF IT.
01:17:04 I CAN'T TELL YOU FROM RUNNING A BUSINESS YOU KNOW HAVING AN
01:17:05 UNDERSTAND ABOUT PREDICTABLE FORECAST OF HOW WE CAN CONTINUE
01:17:09 TO DEVELOP OUR PIPELINE MEANS A LOT TO TO RUNNING OUR BUSINESS
01:17:15 . >> SO I WANT TO THANK YOU FOR
01:17:16 THIS THIS MEASURE AND WE HAVE FIVE POTENTIAL PROJECTS JUST
01:17:23 SITTING THERE WAITING FOR THIS WORK.
01:17:26 THE FEDERAL GOVERNMENT HAS REALLY LOOSENED UP THEIR
01:17:27 ABILITY TO USE THE TAX CREDIT PROGRAM.
01:17:31 SO THE TIMING IS IS INDEED PERFECT.
01:17:32 SO THANKS AGAIN. GOOD MORNING CAROLINE FANG WITH
01:17:40 MISSION ECONOMIC DEVELOPMENT AGENCY AND ALSO CHAIR OF THE
01:17:44 TWO TWO BOARD TO CHEW AS MANY OF YOU KNOW IS REPRESENTS THE
01:17:46 ORGANIZATIONS THAT HAVE COME UP TODAY TO REALLY SHARE THE
01:17:49 INVESTMENT THAT SAN FRANCISCO HAS MADE IN AFFORDABLE HOUSING
01:17:52 AND APPRECIATE THE LEADERSHIP OF THIS BOARD AND SUPERVISOR
01:17:55 MELGAR IN CRAFTING A LEGISLATION THAT REALLY THINKS
01:17:57 ABOUT THAT PIPELINE AND THAT CONSISTS OF INVESTMENT THAT
01:18:00 JENNIFER DOLAN JUST MENTIONED AND ALSO AS YOU HEARD FROM OUR
01:18:04 VARIOUS RESIDENTS AND WORKERS THAT ARE IN YOUR NEIGHBORHOODS
01:18:08 ,WE NEED THIS TO KEEP SAN FRANCISCO, SAN FRANCISCO.
01:18:09 >> SO THANK YOU ALL AND GOOD MORNING SUPERVISORS WALTER
01:18:18 BERNARDI I HERE I JUST WANT TO THANK YOU GUYS FOR HEARING US
01:18:22 TODAY. I AM IN SUPPORT OF THE HOUSING
01:18:26 TRUST FUND. >> I ATTENDED THE ECAC
01:18:27 LEADERSHIP ACADEMY. I LIVE AT 1064 MISSION STREET
01:18:30 WHICH IS PERMANENT SUPPORTIVE HOUSING.
01:18:33 THE ECAC DOES THANKS TO SOME INVESTMENTS THAT WERE MADE.
01:18:37 I JUST WANT TO SAY THAT IT MEANS A LOT TO ME THAT I HAVE A
01:18:41 HOME NOW AND PEOPLE WANT TO BE IN SAN FRANCISCO BECAUSE IT'S A
01:18:45 GOOD PLACE AND WE'RE GOOD PEOPLE AND WE LOOK AFTER OUR
01:18:48 YOU KNOW, OUR PEOPLE HERE. AND SO I SUPPORT THIS BECAUSE
01:18:53 WE NEED TO HAVE AND YOU KNOW, THIS IS THERE'S AN
01:18:54 AFFORDABILITY CRISIS AS WELL AS A SUPPLY CRISIS.
01:18:57 SO MAKING INVESTMENTS IN THIS WILL REALLY YOU KNOW, I THINK
01:19:01 BE TO THE GOOD AND YOU'LL SEE LESS PEOPLE ON THE STREET.
01:19:05 >> THANK YOU. GOOD MORNING SUPERVISORS.
01:19:11 MY NAME IS BILLY DAVIES MEDINA RESIDENT I'M GLAD TO SUPPORT
01:19:15 THE HOUSING TRUST FUND EXPANSION SUPERVISOR MEL GUARDS
01:19:19 CHARTER AMENDMENT MORE THAN DOUBLES WHAT THE CITY PUT INTO
01:19:22 AFFORDABLE HOUSING FROM 50 MILLION TO 125 MILLION AND IT
01:19:26 PULLS THAT MONEY FROM THE PROPERTY WINDFALL THE OWNERS
01:19:29 GET WHEN THE CITY UPS AND STATE LAND.
01:19:33 IT ALSO LOCKS THIS COMMITMENT INTO THE CITY CHARTER SO NO
01:19:37 CITY HALL CAN DO WHAT MAYOR REED DID AND SIMPLY
01:19:41 REFUSE TO SPEND THE MONEY ON AFFORDABLE HOUSING.
01:19:42 >> THAT'S REAL PROGRESS. >> LET'S PASS THIS AND KEEP
01:19:46 GOING FORWARD AND GET MORE MONEY FOR AFFORDABLE HOUSING.
01:19:56 GRAND RISING SUPERVISORS AND ALL RESOUNDING ECHOES TO
01:20:00 EVERYBODY IN SUPPORT OF THIS HOUSING TRUST FUND CHARTER
01:20:03 AMENDMENT TO THE 2026 BALLOT EXCUSE ME THIS BALLOT IS ABOUT
01:20:07 PUTTING OUR MONEY WHERE OUR MOUTH IS AT A TIME WHERE TOO
01:20:09 MANY FAMILIES SENIORS AND WORKING RESIDENTS ARE
01:20:11 STRUGGLING TO STAY IN THE COMMUNITIES THEY CALL HOME.
01:20:13 THE HOUSING TRUST FUND WOULD PROVIDE A STABLE LOCAL RESOURCE
01:20:15 TO BUILD AND PRESERVE AFFORDABLE HOUSING WHILE
01:20:16 PROACTIVE LISTENING RACIAL, ECONOMIC AND SOCIAL EQUITY INTO
01:20:20 THE FUTURE OF COMMUNITIES COMMUNITIES THAT ARE THE MOST
01:20:24 VULNERABLE IN SAN FRANCISCO TO GENTRIFICATION AND DISPLACEMENT
01:20:27 . >> WE URGE YOU IMMEDIATELY TO
01:20:28 ADVANCE THIS MEASURE AND LET THE VOTERS THINK YOU THANK YOU.
01:20:31 >> ARE THERE ANY DIFFERENT SPEAKERS ON THIS MATTER?
01:20:37 >> THERE ARE NO ADDITIONAL SPEAKERS AND NO ADDITIONAL
01:20:39 SPEAKERS. PUBLIC COMMENT IS NOW CLOSED.
01:20:41 >> SUPERVISOR MELGAR THANK YOU. I'M JUST GOING TO QUICKLY WRAP
01:20:45 IT UP CHAIR AND THANK YOU FOR ALL THE TIME YOU SPENT ON THIS
01:20:49 HEARING FROM THE COMMUNITY AND I THINK LIKE MANY OF OUR
01:20:52 PUBLIC COMMENTERS THAT THIS IS A FLOOR NOT A CEILING.
01:20:57 >> IT IS A PREDICATE FLOOR. IT IS A WAY TO CREATE THE
01:21:03 INFRASTRUCTURE THAT WE NEED FOR PRODUCTION SO THAT WE CAN REACH
01:21:06 OUR ARENA GOALS AND THE COMMITMENT THAT WE MADE TO OUR
01:21:08 RESIDENTS. AND I JUST ON A PRIVATE NOTE
01:21:12 HEARING ALL OF THESE LIKE HEARTBREAKING STORIES FROM
01:21:15 FAMILIES IN OUR CITY WHO DESPERATELY NEED AFFORDABLE
01:21:19 HOUSING. YOU KNOW, MY FAMILY CAME TO SAN
01:21:22 FRANCISCO WHEN I WAS 12 AND WE LIVED IN A ONCE YOU KNOW,
01:21:26 LITTLE STUDIO APARTMENT OFF OF MISSION STREET.
01:21:30 MY SISTERS AND I ALL SLEPT IN THE WALK IN CLOSET AND I'M
01:21:33 HERE TODAY BECAUSE MY FAMILY WAS ABLE TO MOVE THROUGH LAND
01:21:38 USE DECISIONS ARE ULTIMATELY ABOUT ACCESS.
01:21:41 IT IS OUR REGION SAN FRANCISCO OUR REGION HAS ONE OF THAT
01:21:48 HIGHEST SOCIAL MOBILITY INDICES IN THE COUNTRY.
01:21:52 IT IS WHY EVERYONE WANTS TO BE HERE IS WHY EVERYBODY COMES
01:21:56 HERE FROM ALL OVER THE WORLD, FROM OTHER PLACES IN THE
01:21:57 COUNTRY TO LOOK FOR FREEDOM, FOR OPPORTUNITY AND FOR ACCESS
01:22:01 IN THE DECISIONS THAT WE MAKE AS THE BODY ABOUT WHO GETS TO
01:22:05 LIVE HERE ARE WHAT MAKES OUR CITY GREAT.
01:22:09 WE ARE HERE BECAUSE OF THE DIVERSITY THAT WE BRING BECAUSE
01:22:13 OF THE ACCESS AN OPPORTUNE CITY AND NOTHING IS MORE IMPORTANT
01:22:17 THAN THAT ACCESS AND THAT AFFORDABLE HOUSING TO GIVE
01:22:21 PEOPLE THE CHANCE TO LIVE WITH DIGNITY.
01:22:22 SO LIKE I SAID THIS IS A FLOOR NOT A CEILING BUT IT IS A
01:22:25 REALLY IMPORTANT STEP IN PROVIDING THAT PRODUCTION,
01:22:29 THAT STABILITY THAT WE NEED FOR FUTURE GENERATIONS.
01:22:33 THANK YOU FOR YOUR CONSIDERATION AND I HOPE YOU
01:22:34 CAN VOTE YES. THANK YOU SO MUCH SUPERVISOR
01:22:37 MILLER AND I DO WANT TO THANK THE PUBLIC AND COMMUNITY WHO
01:22:40 CAME OUT TO SPEAK ON THIS ITEM RESOURCES FOR AFFORDABLE
01:22:44 HOUSING WILL ALWAYS BE A PRIORITY FOR THIS SUPERVISOR
01:22:49 AND ALSO FOR THE CITY. AND SO I'M GLAD WE'RE GOING TO
01:22:50 GIVE THE VOTERS A CHANCE TO DEMONSTRATE THAT THIS IS A
01:22:54 PRIORITY AS WELL. >> SO THANK YOU ALL SO MUCH FOR
01:22:57 THAT. WITH THAT I WOULD LIKE TO MOVE
01:23:00 THE AMENDMENTS AS EXPLAINED BY SUPERVISOR MELGAR AND THE
01:23:03 MOTION TO AMEND. >> VICE-CHAIR CHERYL CHERYL I
01:23:07 REMEMBER MADAM IN PANAMA AND I CHAIR WALTON I WANT IN I THAT
01:23:12 MOTION PASSES WITHOUT OBJECTION .
01:23:15 >> THANK YOU. ITEM AS AMENDED AND I WOULD
01:23:16 LIKE TO MOVE THIS ITEM FORWARD AS AMENDED WITH THE
01:23:19 RECOMMENDATION YES MATTER ON THE MOTION TO CONTINUE THE
01:23:27 MATTER AS AMENDED TO THE JUNE 29TH MEETING TO JUNE 20TH NINE
01:23:34 MINUTES OF THE RULES COMMITTEE AND THE MOTION CONTINUE AS
01:23:38 AMENDED TO JUNE 29TH. >> VICE CHAIR SHERYL CROW I
01:23:41 REMEMBER MANAGEMENT I MANAGEMENT I CHAIR WALTON I OR
01:23:45 DENY THAT MOTION PASSES WITHOUT OBJECTION.
01:23:48 >> THANK YOU MOTION CARRIES. >> THANK YOU SO MUCH SUPERVISOR
01:23:52 MELGAR IN PUBLIC MR. CLERK WOULD YOU PLEASE CALL ITEM
01:23:55 NUMBER THREE? >> ITEM NUMBER THREE IS A
01:23:58 CHARTER AMENDMENT FIRST DRAFT TO AMEND THE CHARTER OF THE
01:23:59 CITY AND COUNTY OF SAN FRANCISCO TO AUTHORIZE THE
01:24:02 ESTABLISHMENT OF A MUNICIPAL FINANCE CORPORATION AND PUBLIC
01:24:06 BANK AS NONPROFIT CORPORATION AND SET FORTH THE MISSION
01:24:09 PRINCIPLE AND GOVERNANCE STRUCTURE OF THOSE CORPORATIONS
01:24:13 AND ELECTIONS TO BE HELD ON NOVEMBER 3RD, 2026.
01:24:15 >> WE'RE BOTH STUCK HERE SO I SHOULDN'T BE TOO BAD.
01:24:19 >> HOW MANY? >> I WAS JUST THREE OF THEM,
01:24:23 RIGHT? YEAH THAT'S FINE.
01:24:24 I HAVE EXTRA IF YES. >> THANK YOU SO MUCH MR. CLERK
01:24:31 . >> AND WE HAVE CHARLIE
01:24:31 SKIMMERS. YEAH.
01:24:32 YOU ALREADY DID. >> BUT I CAN DO IT AGAIN.
01:24:35 AND WE HAVE CHARLIE. SEE, I MISSED REPORTING ON
01:24:39 BEHALF OF SUPERVISOR CHIN THIS MORNING.
01:24:40 >> THANK YOU SO MUCH FOR BEING HERE, CHARLIE.
01:24:43 >> GOOD AFTERNOON. CHAIR WALTON VICE CHAIRMAN
01:24:46 AND SUPERVISOR CHERYL SUPERVISOR MAHMOOD CHARLIE
01:24:50 SHALL MISS LEGISLATIVE AIDE WITH SUPERVISOR CHAN TODAY I'M
01:24:52 PRESENTING ON SUPERVISORS CHARTER AMENDMENT TO ESTABLISH
01:24:55 THE STRUCTURE AND GOVERNANCE FOR A MUNICIPAL FINANCE
01:24:58 CORPORATION IN PUBLIC BANK A PUBLIC BANK IS A PROVEN
01:25:02 SOLUTION TO DELIVER MISSION DRIVEN LENDING TOWARD SOME OF
01:25:06 OUR CITY'S MOST URGENT PRIORITIES.
01:25:07 MANY OF US ARE GRAPPLING WITH FINDING THE TOOLS TO ADDRESS
01:25:11 OUR HOUSING AFFORDABILITY CHALLENGES, ASSIST SMALL
01:25:14 BUSINESSES TO SURVIVE AND THRIVE AND FINANCE THE
01:25:18 INVESTMENTS NEEDED TO ACHIEVE CLIMATE SUSTAINABILITY.
01:25:21 THIS CHARTER AMENDMENT BUILDS UPON YEARS OF DUE DILIGENCE BY
01:25:25 FINANCIAL EXPERTS, POLICYMAKERS AND COMMUNITY STAKEHOLDERS.
01:25:29 IT TAKES ADVANTAGE OF THE PATHWAY ENABLED BY THE
01:25:30 CALIFORNIA PUBLIC BANKING ACT AUTHORED BY THEN ASSEMBLY
01:25:34 MEMBER DAVID CHU BEFORE IT SUNSETS IN 2028.
01:25:37 IT CODIFIES THE MISSION PRINCIPLES AND BUSINESS PLANS
01:25:41 THAT WERE DEVELOPED BY LOCAL EXPERTS IN COLLABORATION WITH
01:25:44 NATIONAL CONSULTANTS AND ACCEPTED BY THE BOARD OF
01:25:48 SUPERVISORS. THE CHARTER AMENDMENT
01:25:51 ESTABLISHES GOOD GOVERNANCE STRUCTURES WITH AN OVERSIGHT
01:25:53 BODY SELECTED BY THE TREASURER, COMPTROLLER, CITY ATTORNEY,
01:25:56 MAYOR AND BOARD OF SUPERVISORS WITH SIGNIFICANT SAFEGUARDS TO
01:26:00 PROTECT THE PUBLIC INTEREST. IT ENSURES THE MUNICIPAL
01:26:04 FINANCIAL CORPORATION PUBLIC BANK WILL BE RUN BY SKILLED
01:26:07 BANKING PROFESSIONALS BANKERS WHO WILL UPHOLD FINANCIAL
01:26:11 INDUSTRY BEST PRACTICES AND RIGOROUS FINANCIAL
01:26:14 MANAGEMENT. IT ENSURES THAT THE FINANCES OF
01:26:15 THE MUNICIPAL FINANCIAL CORPORATION PUBLIC BANK WILL
01:26:19 NOT CO-MINGLE WITH THE CITY AND COUNTY AND HAVE NO IMPACT
01:26:23 ON THE GENERAL FUND. ONCE ESTABLISHED, THE MUNICIPAL
01:26:27 FINANCIAL CORPORATION WILL WORK IN PARTNERSHIP WITH LOCAL
01:26:28 CREDIT UNIONS AND COMMUNITY DEVELOPMENT FINANCIAL
01:26:32 INSTITUTIONS TO OFFER SPECIALIZED LENDING PRODUCTS
01:26:35 THAT FILL MARKET GAPS FOR AFFORDABLE HOUSING, SMALL
01:26:39 BUSINESS AND CLIMATE RESILIENCE .
01:26:42 OUR OFFICE WANTS TO ACKNOWLEDGE THE IMPORTANT WORK OF OUR
01:26:43 TREASURER COMPTROLLER OR CITY ATTORNEY LEFCOURT REINVESTMENT
01:26:48 WORKING GROUP AND THE SAN FRANCISCO PUBLIC BANK COALITION
01:26:51 WHO HAVE LAID THE FOUNDATION FOR THIS CHARTER AMENDMENT.
01:26:54 THIS CHARTER AMENDMENT IS CO-SPONSORED BY CHAIR WALTON
01:26:58 IN SUPERVISORS FIELDER MELGAR AND MAHMOOD.
01:26:59 CALL IT SUMMARY OF LEFKOWITZ HERE TO PROVIDE A BRIEF
01:27:03 PRESENTATION TO OUTLINE THE MECHANICS OF THE CHARTER
01:27:04 AMENDMENT AND I'M HERE TO ANSWER ANY QUESTIONS YOU MAY
01:27:08 HAVE. >> THANK YOU.
01:27:08 THANK YOU. >> HELLO SUPERVISORS.
01:27:17 >> SO HOW DID WE GET HERE? >> HOW DO WE DEVELOP THESE
01:27:21 PLANS AND ARRIVE AT THIS CHARTER AMENDMENT TODAY?
01:27:24 LAKE CHARLES SAID IN 2019 THEN ASSEMBLYMEMBER DAVID CHIU
01:27:28 SPONSORED AB FIVE SEVEN THE PUBLIC BANKING ACT WHICH ALLOWS
01:27:32 MUNICIPAL EES IN CALIFORNIA TO OPERATE A PUBLIC BANK.
01:27:39 AFTER THAT LAW PASSED THE SAN FRANCISCO BOARD OF SUPERVISORS
01:27:43 UNANIMOUSLY PASSED AN ORDINANCE IN JULY OF 2021 TO FORM THE SAN
01:27:46 FRANCISCO REINVESTMENT WORKING GROUP.
01:27:49 >> THAT WORKING GROUP WAS STAFFED BY LASKO BY ME
01:27:53 AND INCLUDED TECHNICAL FINANCIAL EXPERTS THREE
01:27:56 TECHNICAL US FINANCIAL EXPERTS FROM BANKS, CREDIT UNION
01:27:57 AND CITY IFIS COMMUNITY REPRESENTATIVES FROM HOUSING
01:28:00 SMALL BUSINESS COMMUNITY ORGANIZING THE CONTROLLERS
01:28:05 DESIGNEE AND THE TREASURER'S DESIGNEE WHO DID THE WORK TO
01:28:11 ACTUALLY DEVELOP THE PLANS THAT FORMED THE BASIS OF THIS
01:28:15 CHARTER AMENDMENT. >> OBVIOUSLY THE REINVESTMENT
01:28:19 WORKING GROUP MET FOR 14 MONTHS AT LEAST ONCE A MONTH TO REVIEW
01:28:26 THE WORK OF A CONSULTING TEAM MADE UP OF HRA ADVISORS THE
01:28:30 FAMILY COMPANIES BANKING CONSULTANT WHO HAS STARTED OVER
01:28:36 100 COMMUNITY BANKS ACROSS THE WEST COAST AND CONTINUED
01:28:38 COMMUNICATION IN SAN FRANCISCO BASED COMMUNITY ORGANIZING
01:28:41 ORGANIZATION. >> AND THE CITY ATTORNEY ALSO
01:28:45 HIRED AN OUTSIDE LAW FIRM WITH SPECIALTY IN BANKING LAW AT
01:28:52 NIXON PEABODY TO ALSO ADVISE THE REINVESTMENT WORKING GROUP
01:28:55 . THE FIRST THING WE DID WAS
01:28:56 CONDUCT A MARKET GAP ANALYSIS. AS YOU CAN SEE FROM THIS SLIDE
01:29:00 WE TALKED TO LITERALLY EVERYONE IN SAN FRANCISCO AND THE
01:29:03 OVERALL CONSENSUS WAS THERE IS A MARKET GAP.
01:29:07 >> THIS MARKET GAP CAN BE FILLED BY A PUBLIC BANK
01:29:11 AND THIS PUBLIC BANK CAN BE PROFITABLE WHILE SERVICING THIS
01:29:16 MARKET GAP IN SAN FRANCISCO. >> AT THE END OF OUR MARKET GAP
01:29:19 ANALYSIS WE DEVELOPED A LIST OF PRODUCTS THAT ARE NEEDED
01:29:26 IN EACH OF THE PRIORITY CATEGORIES THAT THE CITY TOLD
01:29:30 US WERE PRIORITIES WHICH INCLUDE AFFORDABLE HOUSING,
01:29:34 SMALL BUSINESS AND GREEN INVESTMENTS.
01:29:37 TO SUMMARIZE ESSENTIALLY MOST OF THE PRODUCTS NEEDED IN SAN
01:29:42 FRANCISCO BY SMALL BUSINESS AND OTHERS IT'S UNDER $1
01:29:48 MILLION AND MORE THAN $50,000 SO NOT A MICROLOAN BUT LESS
01:29:51 THAN $1 MILLION AND THE REASON THE PRIVATE MARKET DOESN'T
01:29:55 SERVICE THESE THESE LOANS IS NOT SOME GRAND CONSPIRACY OR
01:30:03 ANYTHING LIKE THAT. IT'S THAT THESE LARGE BANKS IT
01:30:09 COSTS THEM JUST AS MUCH TO ISSUE A LOAN FOR $10 MILLION AS
01:30:12 IT DOES FOR $100,000. A LOAN OFFICER HAS TO SIT DOWN
01:30:16 AND DO PAPERWORK THAT CONSUMES TIME AND MONEY AND SO YOU ARE
01:30:20 ABLE TO MAKE MORE MONEY OFF A $10 MILLION LOAN THAN 100,000
01:30:24 THOUSAND DOLLARS LOAN. AND THAT'S WHY WE NEED TO STEP
01:30:28 IN TO FILL THIS GAP WHEN WE FINISH THE MARKET GAP ANALYSIS
01:30:32 AND THE PLANS WE ACTUALLY PRESENTED THEM TO THE BANKING
01:30:35 COMMUNITY OF SAN FRANCISCO AND TOLD THEM WHAT WE HAD FOUND
01:30:41 AND THAT WAS IN 2023 AND MY UNDERSTANDING IS THEY'RE STILL
01:30:43 IN NEED FOR ALL OF THESE PRODUCTS AND AFFORDABLE HOUSING
01:30:47 AND SMALL BUSINESS AND IN GREEN INVESTMENTS.
01:30:53 ALSO LIKE CHARLIE SAID MFC AND PUBLIC BANK MOSTLY WILL
01:30:56 OPERATE THROUGH PARTNERSHIPS WITH CREDIT UNIONS, COMMUNITY
01:31:01 BANKS AND OFFICIALS. IT'S A PROCESS CALLED
01:31:02 PARTICIPATE IN LENDING WHERE WE ESSENTIALLY THE MFC WHICH IS A
01:31:06 PRECURSOR ORGANIZATION AND THE PUBLIC BANK WOULD BUY LOANS
01:31:09 THAT WERE ALREADY ISSUED BY THESE CREDIT UNIONS WHO ALREADY
01:31:12 HAVE NETWORKS ON THE GROUND, HAVE CUSTOMERS WHO HAVE THESE
01:31:16 NEEDS AND WE WOULD PACKAGE THOSE LOANS ESSENTIALLY AND NOT
01:31:20 HAVE TO DO ALL THE GROUNDWORK OURSELVES REVIEWING EVERYONE'S
01:31:24 CREDIT. THESE LOANS ARE ALREADY ISSUED
01:31:27 . THEY'RE ALREADY CREDITWORTHY
01:31:28 DEBTORS AND WE ARE ESSENTIALLY BUYING THAT FREEING UP SPACE
01:31:31 IN THESE CREDIT UNIONS AND COMMUNITY BANKS TO ISSUE
01:31:35 MORE LOANS AND THAT'S IN THOSE PRIORITY AREAS.
01:31:38 >> SO THAT'S HOW THE PUBLIC BANK AND MFC WOULD OPERATE AT
01:31:42 LEAST INITIALLY IN THE SHORT TERM WITH THE GOAL OF TURNING A
01:31:46 PROFIT BY YEAR THREE AND CONVERTING TO A PUBLIC BANK
01:31:49 . >> SO WHAT IS THAT CHARTER
01:31:50 AMENDMENT THAT WE'RE THAT IS BASED OFF THESE PLANS ACTUALLY
01:31:53 DO? WELL IT AMENDS THE SAN
01:31:54 FRANCISCO CHARTER SPECIFICALLY ADDING A NEW SECTION.
01:32:01 THE REASON WE NEED TO DO A CHARTER AMENDMENT AND THAT WE
01:32:02 CAN'T DO AN ORDINANCE IS THAT THE CHARTER I THINK IT'S LIKE
01:32:05 SECTION 3.100 SUBSECTION 18 SAYS THAT THE MAYOR MUST
01:32:12 APPOINT ALL BOARD AND COMMISSION MEMBERS.
01:32:13 AND BECAUSE THAT'S IN THE CHARTER BASICALLY TO INC TO
01:32:16 HAVE THE GOVERNANCE STRUCTURE WE DEVELOPED FOR THE MFC
01:32:20 IN PUBLIC BANK WE WOULD NEED TO AMEND THE CHARTER.
01:32:24 AND SO WHAT IT DOES IS THE CHARTER AMENDMENT ACTUALLY
01:32:27 AUTHORIZES THE CREATION OF THE MFC IN THE PUBLIC BANK
01:32:31 AND ESTABLISHES FOR BOTH MISSION PRINCIPLES
01:32:34 AND GOVERNANCE AND OVERSIGHT AS THE CONTROLLERS CLOSING LETTER
01:32:39 SHOWS, THIS CHARTER AMENDMENT DOES NOT HAVE ANY FUNDING
01:32:42 ATTACHED TO IT AND IT DOES NOT FUND AND CAPITALIZE THE PUBLIC
01:32:47 BANK. WHAT IT DOES IS CREATE THE
01:32:50 FOUNDATION THE STRUCTURE THAT WE DELIBERATED OVER FOR OVER A
01:32:55 YEAR, MET WITH THE FDIC, THE FBI, THE CALIFORNIA DEPARTMENT
01:32:59 OF FINANCIAL PROTECTION INNOVATION, THE STATE AGENCY
01:33:01 THAT CHARTERS BANKS TO DEVELOP THE GOVERNANCE STRUCTURE THAT
01:33:06 BOTH MEETS THE REGULATOR STANDARDS AND IS DEMOCRATIC
01:33:14 PUBLICLY ACCOUNTABLE AND FITS INTO THE GOVERNANCE STRUCTURE
01:33:15 OF SAN FRANCISCO. >> I'M GOING TO BRIEFLY GO
01:33:22 THROUGH WHAT'S IN THE CHARTER AMENDMENTS.
01:33:26 I'M SURE EVERYONE'S READ IT MULTIPLE TIMES ALREADY.
01:33:30 SO TRADITIONAL BANKS WHAT IT BASICALLY OUTLINES ARE FINDINGS
01:33:34 THAT THINGS HAVE ALREADY SAID TO YOU.
01:33:37 BUT TRADITIONAL BANKS HAVE UNDERSERVED LOW INCOME
01:33:41 COMMUNITIES AND COMMUNITIES OF COLOR.
01:33:44 MAJOR FUNDING GAPS EXIST IN AFFORDABLE HOUSING SMALL
01:33:45 BUSINESS AND CLIMATE INFRASTRUCTURE.
01:33:51 AS WAS SAID EARLIER, AFFORDABLE HOUSING WE'RE LIKE 12,000 UNITS
01:33:53 BEHIND AT A PRICE OF $2 BILLION A YEAR.
01:33:56 THE LATEST ESTIMATE FOR HOW MUCH THE CLIMATE ACTION PLAN
01:34:00 WILL COST SAN FRANCISCO I BELIEVE IS ABOUT $20 BILLION
01:34:06 OVER A DECADE. THERE ARE LOTS OF THINGS WE
01:34:09 NEED TO DO. WE'VE SAID WE'RE GOING TO DO
01:34:10 THAT WE DON'T HAVE A WAY TO PAY FOR WHAT THIS DOES WHAT THE
01:34:14 CHARTER MOVEMENT DOES AND WHAT THE PUBLIC BANK DOES IS GIVE
01:34:17 YOU THE BOARD AND THE CITY A TOOL TO HELP DEAL WITH THESE
01:34:24 FUNDING ISSUES. >> WHAT ELSE DOES THE CHARTER
01:34:28 INCLUDE AND CODIFIES THE MISSION AND CORE PRINCIPLES OF
01:34:32 THESE ENTITIES? SO ONE OF THE MAIN GOALS OF THE
01:34:37 REINVESTMENT WORKING GROUP WAS THAT A PUBLIC BANK WILL SERVE
01:34:43 THE CITIZENS OF SAN FRANCISCO THE COMMUNITY OF SAN FRANCISCO
01:34:44 WITHOUT RELYING ON EXTRACTIVE AND HARMFUL PRACTICES OF THOSE
01:34:51 SAME PEOPLE. AND SO HOW DO WE DO THAT?
01:34:52 WE DELIBERATED OVER THAT AS WELL AND DEVELOPED THESE KEY
01:34:56 PRINCIPLES AND MISSION AS ESSENTIAL ASPECTS OF WHAT THIS
01:34:59 PUBLIC BANK IS AND WHAT THE PRECURSOR ENTITY AND THE MFC
01:35:03 WILL DO. >> LIKE I SAID, THERE'S GOING
01:35:10 TO BE TWO ENTITIES. THE FIRST IS THE FOR FINANCIAL
01:35:12 CORPORATION AND SECOND IS THE PUBLIC BANK.
01:35:14 WHY ARE WE DOING THAT? WE NEED TO START A BANK.
01:35:18 WE NEED REGULATORY APPROVAL. LIKE I SAID FROM THE FDIC
01:35:21 AND CDP API THAT'S REQUIRED BY AB 857.
01:35:24 AND WHEN WE MET WITH THE FDIC AND SEE THE API THEY BASICALLY
01:35:29 AND OUR BANKING CONSULTANT THEY BASICALLY TOLD US THESE THE
01:35:32 REGULATORS ARE NOT GOING TO JUST GIVE A CITY A BANKING
01:35:36 LICENSE INSURANCE AND CHARTER THAT'S NEVER DONE BANKING WORK
01:35:40 BEFORE. AND SO THE BANKING EXPERT
01:35:43 BASICALLY HELPED US DESIGN THIS PRECURSOR ENTITY.
01:35:46 IT'S A NON DEPOSITORY FINANCIAL INSTITUTION.
01:35:50 IT ONLY ISSUES LOANS. IT DOES NOT TAKE DEPOSITS.
01:35:54 THAT'S THE LEGAL DISTINCTION BETWEEN WHAT IS A BANK AND WHAT
01:35:55 IS NOT A BANK. AND THIS ENTITY IS MODELED ON
01:36:02 WHAT THE PUBLIC BANK WILL LOOK LIKE AND THE REQUIREMENTS WE
01:36:06 WILL HAVE WHEN WE CONVERT TO A PUBLIC BANK.
01:36:10 AND IT'S DESIGNED TO WORK IN PARTNERSHIP WITH CREDIT
01:36:11 UNIONS, COMMUNITY BANKS AND CRITICIZED LIKE I SAID,
01:36:15 ANOTHER ASPECT OF ABOUT FIVE SEVEN IS IT ACTUALLY CANNOT
01:36:18 COMPETE WITH PRIVATE BANKS. SO FOR EXAMPLE IF A PRIVATE
01:36:22 BANK IN SAN FRANCISCO IS ISSUE IT HAS A ANY SORT OF FINANCIAL
01:36:25 PRODUCT THE PUBLIC BANK CANNOT COPY THAT PRODUCT.
01:36:29 IT HAS TO BE SIGNIFICANTLY DIFFERENT FOR A PUBLIC BANK TO
01:36:32 BE ABLE TO OFFER IT WHICH AGAIN GOES BACK TO WHAT WE'RE TRYING
01:36:34 TO DO WHICH IS FILL IN A MARKET GAP.
01:36:37 SO SHOULD ALL THE PRIVATE BANKS AND INSTITUTIONS DECIDE TO DO
01:36:40 ALL THESE PRODUCTS WE WOULDN'T BE ABLE TO COPY THEM BASICALLY
01:36:46 AND THEY'RE NOT GOING TO BECAUSE THE MARGIN OF PROFIT IS
01:36:50 LOWER THAN THEY CAN ACHIEVE IN OTHER FINANCIAL INSTRUMENTS
01:36:57 . I ALSO WANTED TO EXPLAIN LIKE
01:36:58 EVEN AFTER THE CHARTER PASSES THE MFC WON'T COME INTO
01:37:02 EXISTENCE. WE WILL NEED TO WAIT AT LEAST
01:37:05 THIS IS MY ORIGINAL FIGURE 2.6 MILLION THE CONTROLLERS IS
01:37:09 UPDATED TO INCLUDE INFLATION OTHER FIGURES.
01:37:13 IT'S FOR A LITTLE MORE THAN 4 MILLION.
01:37:16 THEIR FIGURE IS ACCURATE. IT'S LET'S CALL IT THE SAY
01:37:18 NUMBER ONE SAYS 4 MILLION. WE'RE ALL GOING TO PRETEND
01:37:19 RIGHT NOW. SO THE PREOPENING FUNDING IS
01:37:22 ACQUIRED. WE HAVE $4 MILLION.
01:37:23 THE TREASURER THEN HIRES AN MFC COORDINATOR.
01:37:27 THIS PERSON IS A PROFESSIONAL BANKER WHO HAS THE EXPERIENCE
01:37:31 TO BE THE CEO OF THE MFC AND PUBLIC BANK BUT IS NOT WE
01:37:35 CAN'T MAKE A PROMISE TO HIRE SOMEBODY FOR AN ENTITY THAT
01:37:38 DOES NOT YET EXIST. AND SO THIS PERSON WILL COME ON
01:37:41 EITHER AS A CONSULTANT OR AN EMPLOYEE AND UPDATE THEIR
01:37:45 INVESTMENT WORKING GROUP PLANS BECAUSE THEY WERE DESIGNED
01:37:49 AND 2023 INTEREST RATE HAS HAVE CHANGED.
01:37:52 THIS COORDINATOR WILL ALSO WORK WITH THE TREASURER'S OFFICE
01:37:56 AND OTHER ENTITIES IN SAN FRANCISCO TO IDENTIFY SOURCES
01:37:57 OF CAPITAL AND FUNDING MAKING SURE THAT WHEN WE OPEN ON DAY
01:38:04 ONE WE HAVE THAT $26 MILLION THAT THE PLANS CALL FOR OR
01:38:07 WHATEVER THE UPDATED FIGURE IS ACCOUNTING FOR INFLATION WHEN
01:38:13 THOSE PLANS ARE UPDATED THAT THE TREASURER'S OFFICE, THIS
01:38:17 COORDINATOR AND THE CITY ATTORNEY AND ANY OUTSIDE LAW
01:38:21 FIRMS THEY HIRE WILL CREATE THE ARTICLES OF INCORPORATION
01:38:24 AND BYLAWS FOR THE NONPROFIT THAT IS THE MFC.
01:38:28 IT'S GOING TO BE A PUBLIC BENEFIT CORPORATION.
01:38:32 THE CITY FILES THESE DOCUMENTS WITH THE STATE THEN WE ACQUIRE
01:38:36 ALL THE FUNDING AND CAPITALIZATION I JUST
01:38:37 TALKED ABOUT. THEN MFC STARTS OPERATIONS.
01:38:40 SO EVEN AFTER THE CHARTER AMENDMENT PASSES THERE ARE
01:38:43 ADDITIONAL FUNDING AND POLICY STEPS NEEDED TO BE TAKEN TO
01:38:50 ACTUALLY START THE MFC. >> SO AGAIN THE CHARTER JUST
01:38:54 SETS THE FRAMEWORK FOR WHAT THIS ENTITY WOULD LOOK LIKE
01:38:58 AND THIS IS AMAZING WORK. >> I'M GOING TO ASK THAT YOU
01:39:02 KIND OF I'M SO SORRY. I MEAN I COULD TALK ABOUT THIS
01:39:06 ALL DAY. ALL RIGHT.
01:39:06 SO WE ALSO SET UP A GOVERNANCE STRUCTURE THAT WE WENT THROUGH
01:39:13 WITH THE API AND OUR BANKING CONSULTANT BASICALLY MAKING
01:39:14 SURE THAT NO SINGLE SECTOR OFFICIAL CAN INFLUENCE THE
01:39:21 COMPOSITION OF EITHER THE OVERSIGHT COMMISSION OR THE
01:39:24 BANK BOARD OF DIRECTORS IN IN ANY SINGLE ELECTION CYCLE.
01:39:28 BUT AT THE SAME TIME IS THERE MCC RADICALLY ACCOUNTABLE TO
01:39:32 THOSE SAME ELECTED OFFICIALS IN A STAGGERED TERM WITH
01:39:35 STAGGERED TERMS SO THAT WHEN THEY THERE IS A WAY TO APPOINT
01:39:42 NEW MEMBERS BUT IT'S IT'S VERY DIFFICULT TO REMOVE THEM AND TO
01:39:46 INFLUENCE WHAT THE BANK DOES BASICALLY IT'S GOING TO BE AS
01:39:51 INDEPENDENT AS WE CAN MAKE IT BUT STILL BE RADICALLY
01:39:54 ACCOUNTABLE TO THE CITY AND COUNTY OF SAN FRANCISCO.
01:39:57 >> WE'RE GOING TO TRANSITION TO A PUBLIC BANK.
01:39:58 WE ALSO DID THE PUBLIC BANK GOVERNANCE.
01:40:02 IT'S ALSO IN THE CHARTER AMENDMENT.
01:40:03 I ACTUALLY HAVE EXTRA SLIDES THAT I'M NOT GOING TO GO
01:40:06 THROUGH OBVIOUSLY BECAUSE OF OUR TIME.
01:40:09 THANK YOU SO MUCH. HAPPY TO TAKE ANY QUESTIONS.
01:40:12 >> THANK YOU. SUPERVISOR SURE.
01:40:16 THANK YOU. THANK YOU FOR ALL THIS WORK.
01:40:20 I'M SORRY WAS THERE ANOTHER PRESENTER I BELIEVE CHARLIE
01:40:25 THAT WE HAVE ANY NO. >> YEAH THAT WAS IT.
01:40:29 OKAY GREAT. I DO HAVE A FEW QUESTIONS.
01:40:35 >> YOU MENTIONED FINANCIAL VIABILITY FOR THE PUBLIC BANK
01:40:39 BEFORE IT GETS CREATED. WHAT IS THE MEASURE OF
01:40:40 FINANCIAL VIABILITY? >> WHAT DOES THAT MEAN?
01:40:44 I GET TO USE MY APPENDIX. LET'S AS I'VE GOT SO IT'S THE
01:40:49 SUPERVISOR? >> SURE.
01:40:53 >> SO THE SUBTITLES ARE KIND OF LIKE COVERING UP EXACTLY WHAT I
01:41:00 WANT TO POINT TO BUT YOU'LL SEE IN YOUR THREE AND WE ESTIMATED
01:41:04 2026 BECAUSE THIS WAS 2023 THE NET INCOME THE BOTTOM ROAD SAYS
01:41:10 $0.6 MILLION THAT'S $600,000 IN PROFIT BASICALLY YOU'RE
01:41:13 SAYING AT THE MUNICIPAL FINANCE FINANCE CORPORATION CAN BECOME
01:41:17 PROFITABLE WITHIN THREE YEARS. >> THAT PROVES FINANCIAL
01:41:18 VIABILITY STARTING WITH AS LITTLE MONEY AS POSSIBLE WHICH
01:41:21 IS THE $26 MILLION NEEDED FOR YEAR ONE.
01:41:28 SO WHEN WE ASKED OUR CONSULTANT WHAT IS THE LEASE MONEY WE
01:41:32 COULD START WITH TO HAVE A FINANCIALLY VIABLE ENTITY BY
01:41:38 YEAR THREE THE MFC THAT COULD THEN CONVERT TO A PUBLIC BANK
01:41:42 AND THIS THE BANKING CONSULTANT WHO STARTED 100 BANKS ACROSS
01:41:46 THE WEST COAST WHO IS ON THE BOARD OF MULTIPLE BANKS BUT BUT
01:41:50 PROFITABLE AFTER THREE EXACTLY THAT'S WHAT MIGHT BE
01:41:52 FINANCIALLY VIABLE WHO DETERMINES WHETHER THAT
01:41:57 PROFITABILITY EQUALS FINANCIAL VIABILITY LEGALLY I THINK IT'S
01:42:01 MORE OF A COMMON SENSE TERMINOLOGY LIKE YOU MAKE A
01:42:06 PROFIT, YOU'RE FINANCIALLY VIABLE AND THEN THE PLANS YOU
01:42:09 HAVE DEVELOPED BASICALLY SHOW THAT YOU HAVE THAT YOU'LL EARN
01:42:13 A PROFIT BY A CERTAIN POINT. >> OKAY, I WILL SPEND TIME ON
01:42:17 THAT ONE. NO COMPETING PRODUCTS YOU
01:42:20 REFERENCE THAT IS BASICALLY AN INTEREST RATE.
01:42:21 >> IS THAT BASICALLY AN INTEREST RATE QUESTION LIKE IF
01:42:24 A PRIVATE BANK OFFERS A PRODUCT THAT AS AN ITERATIVE 5% AND THE
01:42:28 PUBLIC BANK OR THE MUNICIPAL FINANCE CORPORATION OFFERS
01:42:32 BASICALLY THE SAME PRODUCT BUT AT A 2% INTEREST RATE, IS THAT
01:42:33 CONSIDERED NON COMPETING? >> THAT'S NOT THE SAME PRODUCT
01:42:38 AT 2% LOAN AND A 5% LOAN OR WOULD NOT THE SAME PRODUCT BE
01:42:42 CORRECT AND IS THERE A THRESHOLD AT WHICH LIKE 4.8% IS
01:42:46 COMPETING WITH 5% BUT 3% ISN'T LIKE WHAT'S THE THRESHOLD WHERE
01:42:49 WE GO FROM COMPETING TO BECAUSE I ASSUME DIFFERENT BANKS MIGHT
01:42:53 OFFER SLIGHTLY DIFFERENT WE'RE IN A NOVEL AREA LEGALLY A
01:42:56 SUPERVISOR BECAUSE THERE HAS BEEN NO PUBLIC BANKING
01:43:00 IN CALIFORNIA FOR US TO TO TEST THESE THEORIES IN THE COURTS
01:43:04 BUT THE EXAMPLE USED IN THE LEGISLATION WAS LIKE A RETAIL
01:43:11 CHECKING ACCOUNT. SO A IF FOR EXAMPLE A BANK
01:43:18 IN SAN FRANCISCO IS OFFERING ZERO FEES RETAIL CHECKING OUT
01:43:21 TO JUST ANYONE THE PUBLIC BANK COULD NOT COMPETE AND OFFER
01:43:28 THAT SAME PRODUCT. BUT AS FAR AS LIKE HOW CLOSE AN
01:43:30 INTEREST HOW SIMILAR THEY CAN BE THAT HASN'T BEEN EXPLORED.
01:43:33 >> OKAY GREAT AT SCALE THE PUBLIC BANK IS GOING TO NEED A
01:43:40 LOT OF MONEY TO LOAN OUT TO BE EFFECTIVE IN THEORY RIGHT.
01:43:47 CAN WE PULL UP THAT SAME SLIDE SO IT'S ACTUALLY IT'S VERY
01:43:51 DETAILED SUPERVISOR SO BY LET'S JUST SKIP TO THE END I SEE UP
01:43:56 TO THROUGH $250 MILLION IN YOU KNOW TOTAL FUNDING WITH SO 40 I
01:44:01 SEE IT RIGHT SO YEAH FOR 3% OF NEW FUNDING GOING TO COME FROM
01:44:04 ARE WE TALKING ABOUT TAKING DEPOSITS HERE?
01:44:06 ARE WE THINKING IT'S ALL GOING TO BE APPROPRIATIONS BEFORE
01:44:09 YEAR THREE? >> THE MFC CANNOT TAKE DEPOSITS
01:44:10 RIGHT BUT WHAT THE WORLD BANK AND WHAT IT BECOMES A PUBLIC
01:44:15 BANK YES IT'LL BE ABLE TO ACCEPT DEPOSITS AND IT CAN GROW
01:44:17 IN THAT WAY AS FAR AS WHERE THE MONEY WILL COME FROM, WE DID
01:44:21 LOOK AT A LOT OF POTENTIAL SOURCES DURING THEIR INVESTMENT
01:44:25 WORKING GROUP WORK THE FINAL PLANS DO NOT SPECIFY WHERE THE
01:44:29 FUNDING WILL COME FROM AND NEITHER DOES THIS CHARTER
01:44:33 AMENDMENT. >> HOWEVER, THERE IS
01:44:36 POTENTIALLY A CITIZEN'S INITIATIVE IN A COUPLE OF YEARS
01:44:40 TO CREATE A PUBLIC BANK FUND TO FUND THIS ALSO ANOTHER BENEFIT
01:44:47 WE CAN HAVE FROM HAVING THIS FRAMEWORK SET UP IS I DON'T
01:44:51 WANT TO GET TOO FAR INTO IT BUT THE GREENHOUSE GAS REDUCTION
01:44:55 FUND WAS A PROGRAM THAT EXISTED UNDER THE PREVIOUS WHITE HOUSE
01:44:59 ADMINISTRATION THAT GOT SCRAPPED BY THIS ONE WHEN IT
01:45:02 WAS IN EFFECT AND IN DEVELOPMENT IT ESSENTIALLY
01:45:07 WANTED TO OFFER $10 MILLION IN CAPITALIZATION TO ALL NEW
01:45:11 SIMILAR ENTITIES. SO THE MFC IS MOSTLY FOR GREEN
01:45:14 BANKS BUT THE MFC COULD FUNCTION IN SAN FRANCISCO'S
01:45:16 GREEN BANK. HAVING THIS FRAMEWORK SET UP
01:45:19 ALLOWS US TO APPLY AND GET FUNDING POTENTIALLY IN TWO
01:45:22 YEARS WHEN THE ADMINISTRATION CHANGES AND FOR ANY OTHER
01:45:27 OPPORTUNITY WE WOULDN'T HAVE TO WAIT TO GO THROUGH THIS PROCESS
01:45:31 IF WE ALREADY HAD THIS FRAMEWORK IN PLACE SO THAT WE
01:45:32 CAN GET FUNDING FROM A VARIETY OF SOURCES WHEREVER THEY MAY
01:45:37 BE. >> OKAY.
01:45:41 OKAY. THAT'S WHAT HAPPENS IN TERMS OF
01:45:42 INSOLVENCY. >> WHAT HAPPENS IF THE PUBLIC
01:45:47 BANK FAILS IT IS A SEPARATE NONPROFIT SO IT'S IF IF IT
01:45:53 SHOULD FAIL IT WOULD HAVE NO IMPACT ON THE CITY FINANCIALLY
01:45:56 . >> IS THAT YOUR QUESTION?
01:45:57 UNLESS THE CITY DECIDES TO PUT ITS TAX REVENUES AND ITS
01:46:01 DEPOSITS RIGHT? >> YES.
01:46:04 SHOULD THE BOARD DECIDE TO USE THE GENERAL FUND SURPLUS PUT
01:46:08 MONEY INTO THE MFC OR PUBLIC BANK AND THEN SHOULD THAT
01:46:12 ENTITY FAIL? YES, THE CITY WOULD LOSE THAT
01:46:15 FUNDING. >> OKAY.
01:46:19 THANKS. APPRECIATE IT.
01:46:22 >> THANK YOU SO MUCH FOR YOUR QUESTIONS TO RUN THE SHOW.
01:46:23 I THINK THEY'RE VERY IMPORTANT. I DO WANT TO REMIND THE PUBLIC
01:46:29 AND EVERYONE LISTENING THAT THIS WORK HAS BEEN GOING ON FOR
01:46:33 SEVERAL YEARS. THE TREASURER HAS BEEN INVOLVED
01:46:35 WITH THIS WORK. OTHER ELECTEDS HAVE BEEN
01:46:38 INVOLVED WITH THIS WORK. I PERSONALLY HAD A CONVERSATION
01:46:41 WITH THEN ASSEMBLY MEMBER DAVID CHU TO GET HIM TO BRING THE
01:46:44 ASSEMBLY BILL FORWARD TO PUT THIS FORWARD SO THAT WE COULD
01:46:48 SET UP OUR OWN MUNICIPAL BANK HERE IN SAN FRANCISCO.
01:46:52 THERE'S BEEN A LOT OF WORK THAT HAS BEEN INVOLVED WITH THIS
01:46:55 AND I THINK THAT SUPERVISOR SHERYL'S QUESTIONS ARE VERY
01:46:59 VALID BECAUSE IT IS IMPORTANT TO KNOW WHEN THE BANK WILL BE
01:47:01 PROFITABLE. IT IS IMPORTANT TO KNOW WHERE
01:47:04 RESOURCES WILL COME FROM. IT IS IMPORTANT TO KNOW WHAT
01:47:06 HAPPENS IN INSOLVENCY. I THINK THAT JUST LIKE ANY
01:47:10 SEPARATE ENTITY THEY DIVIDE ASSETS AND MOVE FORWARD.
01:47:14 BUT OUR HOPE OBVIOUSLY IS THAT WE CREATE SOMETHING HERE IN SAN
01:47:18 FRANCISCO THAT IS ONLY BEEN DONE ONCE.
01:47:20 >> WE'VE REALLY NEVER BEEN DONE BEFORE TO THIS MAGNITUDE AND TO
01:47:23 THIS DEGREE. >> SO I'M EXCITED ABOUT THE
01:47:26 WORK THAT HAS COME PREVIOUSLY. I'M EXCITED THAT THE VOTERS
01:47:29 ALLOWED US TO MOVE THIS FORWARD TO GET TO THIS POINT TO PUT
01:47:31 THIS CHARTER AMENDMENT ON THE BALLOT.
01:47:33 SUPERVISOR MAHMUD THANK YOU CHAIR WALTON I JUST WANTED TO
01:47:38 EXPRESS MY SUPPORT AGAIN FOR THIS CHARTER AMENDMENT ON THE
01:47:41 BALLOT FOR A COUPLE OF REASONS AND IT'S ECHOING A LOT OF THE
01:47:45 STATEMENTS THAT WERE MADE IN PUBLIC COMMENT AND THE
01:47:48 PREVIOUS ITEM WHICH IS THAT FIRMLY BELIEVE THAT WHEN THERE
01:47:51 IS AN INEFFICIENCY IN THE MARKET OR THE CAPITAL SYSTEM
01:47:52 THAT WE HAVE AN UP A REALLY A NOT JUST AN OPTION BUT A
01:48:00 RESPONSIBILITY TO ENSURE THAT THE MARKET IS OPERATING
01:48:04 EFFICIENTLY FOR THOSE WHO ARE MOST VULNERABLE.
01:48:05 AND WHEN I TALK TO SMALL BUSINESSES THROUGHOUT SAN
01:48:07 FRANCISCO, I WAS HERE THREE THINGS ABOUT WHAT IS CAUSING
01:48:12 THEM DIFFICULTY IN STARTING UP AND MAINTAINING NUMBER ONE IS
01:48:14 THE ABILITY FOR THEIR WORKERS TO AFFORD TO LIVE HERE.
01:48:18 >> NUMBER TWO IS THEIR UTILITY BILLS.
01:48:19 AND NUMBER THREE IS ACCESS TO CAPITAL.
01:48:22 AND THAT GOES BACK TO THE ISSUE THAT A LOT OF SMALL BUSINESSES
01:48:25 ESPECIALLY WHEN THEY'RE STARTING OFF DON'T HAVE CREDIT.
01:48:26 AND THE ONLY LOANS THAT ARE AVAILABLE TO THEM ARE EXTREMELY
01:48:30 HIGH INTEREST WHICH LEADS TO PREDATORY SITUATIONS AND CAN
01:48:34 PUT THEM IN SIGNIFICANT DEBT. AND I'VE SEEN EXAMPLES
01:48:37 THROUGHOUT THE DEVELOPING WORLD PARTICULARLY OF MICROLENDING
01:48:39 WHERE THEY OFFERED LOWER INTEREST LOANS TO PROVIDE THAT
01:48:42 ACCESS TO CAPITAL FOR SMALL BUSINESSES.
01:48:46 WE DON'T HAVE THAT COMMENSURATE OPTION IN SAN FRANCISCO OUTSIDE
01:48:50 OF MAYBE SOME CREDIT UNIONS BUT HAVING A PUBLIC BANK WILL
01:48:53 ENSURE IN CALIFORNIA AND IN SAN FRANCISCO LEADING THE WAY THAT
01:48:55 WE HAVE AN OPPORTUNITY FOR THOSE SMALL BUSINESSES FOR
01:48:58 INDIVIDUALS WHO ARE UNBANKED TO ACCESS CAPITAL TO LEVEL THE
01:49:02 PLAYING FIELD WITH OTHER ORGANIZATIONS AND OTHER
01:49:05 CORPORATIONS THAT COULD BE THRIVING IN SAN FRANCISCO
01:49:06 AND GIVING SMALL BUSINESSES IMMIGRANTS, PEOPLE OF COLOR
01:49:09 THAT HAVE TRADITIONALLY BEEN UNBANKED OR UNABLE TO ACCESS
01:49:13 THAT CAPITAL AN OPPORTUNITY. SECOND IS THIS FACET OF JUST
01:49:16 LIKE IN THE PREVIOUS CONVERSATION AROUND THE
01:49:19 AFFORDABLE HOUSING TRUST FUND THIS IS ABOUT LEVERAGING THE
01:49:24 EXISTING INFRASTRUCTURE LIKE CREDIT UNIONS LIKE YOU TALKED
01:49:25 ABOUT AND PROVIDING AND A NOVEL MODEL OF LEVERAGING EXISTING
01:49:29 INFRASTRUCTURE TO PROVIDE NONCOMPETITIVE PRODUCTS IN THE
01:49:33 MARKET SO THAT THOSE WHO ARE UNABLE TO ACCESS THE EXISTING
01:49:36 MARKET CAN LEVERAGE THE SAME OPPORTUNITIES.
01:49:39 I THINK IT WOULD ALSO NOTE THAT WE ARE TRYING TO PROVIDE AN
01:49:43 OPPORTUNITY FOR THIS TO BE A REALITY IF WE DON'T GET THIS
01:49:47 PASSED. MY UNDERSTANDING IS THE STATE
01:49:48 BILL THAT AUTHORIZED THIS HAS A DEADLINE AND SO THIS IS REALLY
01:49:51 CREATING THE OPPORTUNITY OR THE OPTION FOR US TO REALIZE THIS
01:49:55 IN THE FUTURE ONCE OUR FINANCIAL SITUATION MIGHT BE
01:49:56 BETTER. >> BUT IF WE DON'T DO THIS, WE
01:50:00 ELIMINATE THAT POSSIBILITY FOR WHAT VOTERS HAVE BEEN ASKING
01:50:02 FOR FOR SOME TIME. AND SO I WOULD ASK MY
01:50:04 COLLEAGUES TO SUPPORT THIS AS WELL BECAUSE IT'S ABOUT
01:50:07 PROVIDING THAT OPTION FOR WHAT THE VOTERS HAVE REQUESTED FOR
01:50:10 SOME TIME WHAT SAN FRANCISCANS HAVE REQUESTED BUT ALSO TO
01:50:14 PROVIDE AN INNOVATIVE INNOVATIVE MODALITY FOR LOW
01:50:17 INCOME PEOPLE OF COLOR, IMMIGRANT SMALL BUSINESSES.
01:50:18 BUT FRANKLY EVERY SAN FRANCISCAN WHO WHO WANTS TO
01:50:21 START A SMALL BUSINESS, WHO WANTS TO ACCESS AFFORDABLE
01:50:24 HOUSING LOANS TO GIVE THEM THAT OPTION TO PROVIDE THAT REALITY
01:50:28 IN THE FUTURE. SO I THINK THAT'S WHY THIS IS
01:50:29 AN EXCITING MEASURE. AND JUST LIKE WITH THE HOUSING
01:50:32 TRUST FUND, IT'S TECHNICALLY UNFUNDED AT THIS POINT BUT WE
01:50:35 WANT TO CREATE THE OPTION FOR IT TO BE FUNDED IN THE FUTURE.
01:50:37 SO THANK YOU FOR LEADING ON THIS AND THANK YOU SO VERY MUCH
01:50:39 AND FOR LEADING ON THIS AS WELL.
01:50:40 >> THANK YOU. YOU RAISE THANK YOU SO MUCH.
01:50:43 >> SUPERVISOR MAHMUD I DON'T SEE ANY OTHER STATEMENTS OR
01:50:47 QUESTIONS FROM COLLEAGUES SO WE WILL GO TO PUBLIC COMMENT ON
01:50:51 ITEM NUMBER THREE. >> YES, MEMBERS OF THE PUBLIC
01:50:55 WISH TO SPEAK ON THE SIDE LINE TO SPEAK AT THIS TIME.
01:50:58 EACH SPEAKER WILL BE ALLOWED ONE MINUTE.
01:51:00 THERE WILL BE A SOFT TIME WHEN YOU HAVE 30S LEFT AND A LOT OF
01:51:03 TIME WHEN YOUR TIME HAS EXPIRED.
01:51:04 >> ALL RIGHT. >> ONE MINUTE.
01:51:10 OKAY. I WAS GOING TO SAY I WANT TO
01:51:11 INTRODUCE MYSELF THEN BRING UP THEY ARE WITH PLEASURE.
01:51:15 I AM DELIGHTED TO BE HERE IN FRONT OF YOU AFTER CLOSE TO
01:51:18 A DECADE'S WORK ON THIS PUBLIC BANK.
01:51:22 I'M THINKING IT THROUGH THE LEGISLATURE.
01:51:25 I JUST WANT TO SAY THAT SAN FRANCISCO SUPPORTED IT BEFORE
01:51:26 IT BECAME LAW 857 SO REALLY PROUD OF THAT.
01:51:29 I WOULD LIKE TO SAY THAT OUR MONEY WILL BE MUCH SAFER
01:51:33 IN THIS INSTITUTION THAT WE ARE TRYING TO BUILD BECAUSE OF THE
01:51:36 ADDED HOOPS THAT WERE PLACED IN FRONT OF IT.
01:51:40 >> AND SO I REALLY HOPE THAT EVERYONE IS SUPPORTIVE OF THIS
01:51:44 MEASURE YET AND LET'S BRING IT TO FRUITION.
01:51:48 >> THE NEXT THING WOULD BE TO CAPITALIZE IT.
01:51:50 SO LET'S DO IT. THANK YOU.
01:51:56 >> GOOD MORNING SUPERVISOR MY NAME MY NAME IS ROBERT ALFARO
01:51:59 AND I'M RISES TO ASK YOUR SUPPORT FOR THIS CHARTER
01:52:01 AMENDMENT FOR THE PUBLIC BANK. AS YOU KNOW I LIKE THE PREVIOUS
01:52:04 ITEM ON THE HOUSING TRUST FUND. >> A PUBLIC BANK CAN BE A
01:52:08 CRITICAL PIECE OF OUR HOUSING ECONOMIC TAPESTRY AND IT WILL
01:52:11 LOWER BORROWING COSTS HELP WITH REINVESTMENT FUNDS BACK INTO
01:52:15 THE LOCAL ECONOMY. IT WILL SUPPORT COMMUNITY
01:52:16 LENDERS TO SUPPORT BUILDING HOUSING BY PROVIDING AFFORDABLE
01:52:20 LOANS AND THE PUBLIC BANK WILL ALSO HELP WITH GREEN
01:52:23 INITIATIVES AND ALSO SUPPORT FAMILIES DURING THE TIMES OF
01:52:24 CRISIS. THE PUBLIC BANK WILL ALSO HELP
01:52:27 SUPPORT SERVICES FOR THE 2000 FAMILIES THAT WE SERVE EACH
01:52:30 YEAR. AND SO I ALONG WITH ALL THE
01:52:34 CONSTITUENTS AT HOME ME THAT I REPRESENT HOPE THAT YOU VOTE
01:52:37 FOR THE CHARTER AMENDMENT. >> THANK YOU VERY MUCH.
01:52:41 >> HELLO. GOOD MORNING.
01:52:45 MY NAME IS ALAN TELLO AND I'M A DISTRICT 11 RESIDENT.
01:52:48 AND I'M HERE WITH PARADE HOMIE AND FIVE ELEMENT YOUTH
01:52:51 COLLECTIVE. I GIVE MY FIRST PUBLIC COMMENT
01:52:52 AND SUPPORT OF THE PUBLIC BANK WHEN I WAS JUST TEN YEARS OLD.
01:52:55 BACK THEN I SPOKE ABOUT HOW A PUBLIC BANK COULD HELP CREATE
01:52:58 OPPORTUNITIES FOR YOUNG PEOPLE LIKE ME TO MAKE IT POSSIBLE FOR
01:52:59 US TO BUILD A FUTURE HERE IN SAN FRANCISCO.
01:53:02 NOW ALMOST EIGHT YEARS LATER I'M PREPARING TO ATTEND COLLEGE
01:53:05 THIS FALL AND I CAN TELL YOU THAT A PUBLIC BANK IS NEEDED
01:53:09 MORE THAN EVER. THE COST OF LIVING IN SAN
01:53:12 FRANCISCO HAS BEEN ABSURD. WORKING FAMILIES ARE BEING
01:53:14 PUSHED OUT SMALL BUSINESSES ARE STRUGGLING AND AFFORDABLE
01:53:17 HOUSING REMAINS OUT OF REACH FOR FAR TOO MANY PEOPLE.
01:53:20 THE CITY HAS ALREADY MADE A SIGNIFICANT INVESTMENT IN THIS
01:53:21 EFFORT. IT'S TIME FOR ME TO TAKE THE
01:53:24 NEXT STEP. A PUBLIC BANK IS A TOOL THAT
01:53:27 CAN HELP FINANCE THE AFFORDABLE HOUSING WE DESPERATELY NEED.
01:53:29 SUPPORT LOCAL BUSINESSES AND KEEP OUR LOCAL ECONOMY
01:53:32 THRIVING. WHEN FEDERAL STATE AND EVEN
01:53:35 CITY RESOURCES ARE FALLING SHORT AS A YOUNG PERSON WHO
01:53:36 WANTS TO BUILD A FUTURE IN SAN FRANCISCO, I URGE YOU TO MOVE
01:53:40 FORWARD. >> THANK YOU SO MUCH.
01:53:42 >> GOOD MORNING AGAIN. KYLE SMYLIE WITH THE SAN
01:53:46 FRANCISCO COMMUNITY LAND TRUST. PROUDEST IMPORT THIS
01:53:50 LEGISLATION TO ESTABLISH THE GOVERNANCE AND MISSION OF A SAN
01:53:51 FRANCISCO PUBLIC BANK. COMMUNITY LAND TRUSTS ARE A
01:53:55 PROVEN MODEL FOR CREATING AND PRESERVING PERMANENTLY
01:53:59 AFFORDABLE HOUSING. BUT ONE OF THE BIGGEST BARRIERS
01:54:02 TO EXPANDING THIS WORK IS ACCESS TO CAPITAL.
01:54:03 >> TOO OFTEN MISSION DRIVEN ORGANIZATIONS LIKE S.F. CLTV
01:54:06 FACED THE SAME FINANCING CHALLENGES AS ANY PRIVATE
01:54:09 BORROWER. HIGH INTEREST RATES, LIMITED
01:54:10 LENDING OPTIONS AND FINANCING STRUCTURES THAT DO NOT
01:54:13 RECOGNIZE THE LONG TERM PUBLIC VALUE THAT WE CREATE.
01:54:17 >> A PUBLIC BANK OFFERS A DIFFERENT VISION BY CREATING A
01:54:20 LOCALLY CONTROLLED FINANCING INSTITUTION FOCUSED ON PUBLIC
01:54:24 PRIORITIES. SAN FRANCISCO CAN BUILD NEW
01:54:25 PATHWAYS TO AFFORDABLE CAPITAL FOR HOUSING PRESERVATION,
01:54:28 COMMUNITY OWNERSHIP AND OTHER SOCIAL HOUSING MODELS.
01:54:32 FOR ORGANIZATIONS LIKE S.F. SCOTT, A PUBLIC BANK REPRESENTS
01:54:35 THE POSSIBILITY OF FINANCING THAT IS ALIGNED WITH COMMUNITY
01:54:39 OUTCOMES RATHER THAN SHORT TERM RETURNS.
01:54:40 IT IS A CHANCE TO EXPAND PERMANENTLY AFFORDABLE HOUSING,
01:54:44 PRESERVE MORE HOMES AND ENSURE THAT SAN FRANCISCANS CAN REMAIN
01:54:47 IN THE NEIGHBORHOODS. >> THANK YOU FOR YOUR SUPPORT.
01:54:54 >> GOOD MORNING. MY NAME IS RICK GIRLING.
01:54:58 I WANT TO REITERATE WHAT SUPERVISOR WALTON WAS SAYING.
01:55:01 I FIRST MADE A PRESENTATION TO FORMER SUPERVISOR ELIOT COHEN
01:55:05 WHO WAS A FORMER STUDENT OF MINE.
01:55:06 I'M A RETIRED ECONOMICS TEACHER WITH A MASTER'S IN ECONOMICS
01:55:12 AND I'VE BEEN INVOLVED IN THE SAN FRANCISCO PUBLIC BANK
01:55:16 COALITION FOR A BIG EIGHT YEARS TRYING TO GET THIS LEGISLATION
01:55:20 THROUGH. SO IT HAS BEEN WELL THOUGHT
01:55:23 THROUGH AS SUPERVISOR WALTON WAS SAYING ADDITIONALLY ALL OF
01:55:28 THE SPEAKERS ABOUT AFFORDABLE HOUSING HAVE MADE IT VERY CLEAR
01:55:32 THAT WE DON'T HAVE ENOUGH MONEY TO BUILD AFFORDABLE HOUSING
01:55:35 AND A PUBLIC BANK IS A WAY THAT A CITY CAN FUND IT AND MAKE
01:55:39 MONEY WELL IT FUNDS IT SO I THINK IT'S A NO BRAINER.
01:55:44 I DON'T UNDERSTAND WHY ANYONE WOULDN'T GET RIGHT BEHIND THIS
01:55:47 RIGHT AWAY AND SUPPORT IT. IT'S PROFITABLE.
01:55:54 >> WE NEED DEMOCRATIC FINANCIAL INSTITUTIONS.
01:55:57 WE NEED THIS AND WE NEED YOUR SUPPORT FOR IT.
01:55:59 THANK YOU. >> ALL RIGHT.
01:56:05 MY NAME IS JOSEPH CLIFTON. I'M A RESIDENT OF DISTRICT
01:56:11 FIVE. I AM ALSO HERE WITH THE ASSET
01:56:12 PUBLIC BANK COALITION AND ASKING YOU TO SUPPORT THIS
01:56:15 LEGISLATION. I THINK THERE ARE A LOT OF
01:56:19 REASONS TO SUPPORT A PUBLIC BANK IN SAN FRANCISCO AND I
01:56:22 WON'T GO THROUGH ALL OF THEM. THE MAIN THING I REALLY WANT TO
01:56:24 FOCUS ON IS IS HOW THIS IS AN IMPORTANT RESPONSE TO THE
01:56:27 CLIMATE CRISIS. I THINK ONE OF THE THINGS
01:56:28 THAT'S GREAT ABOUT OUR CITY THAT WE CAN TAKE A LOT OF PRIDE
01:56:31 IN IS THAT WE TAKE THE CLIMATE CRISIS SERIOUSLY AND WE WANT TO
01:56:33 BE SEEN AS LEADERS IN THAT SPACE AND THAT'S BEST POSSIBLE
01:56:35 EXEMPLIFIED BY OUR CLIMATE ACTION PLAN THE COMMITS US TO
01:56:39 BE NET ZERO BY 2040. THAT PLAN IS QUITE EXPLICIT
01:56:44 IN THAT WE HAVE THE SOLUTIONS TO SOLVE THE CLIMATE CRISIS BUT
01:56:46 WE NEED FUNDING FOR THEM AND THAT PLAN THAT MAYOR'S PLAN
01:56:49 SPECIFICALLY CALLS OUT CREATING A GREEN BANK AS ONE OF THE
01:56:53 STEPS THAT IS IT WOULD BE VERY, VERY USEFUL TO HELP TO HELP
01:56:57 ACTUALLY RESPOND TO THE CLIMATE CRISIS.
01:57:00 SO IF WE'RE GOING TO BE SERIOUS ABOUT THIS, WE NEED TO TAKE
01:57:03 THESE IDEAS THAT ARE PROVEN OUTSIDE OF CALIFORNIA IN OTHER
01:57:04 COUNTRIES AND OTHER CITIES IN NORTH DAKOTA AND ACTUALLY
01:57:08 PUT THEM TO WORK TO SOLVE THE CLIMATE CRISIS.
01:57:11 >> THANK YOU. I.
01:57:18 >> HI, I'M BILLY DAVIES, THE NINE RESIDENT I STRONGLY
01:57:22 ENCOURAGE THE BOARD TO VOTE TO ADVANCE A PUBLIC BANK WHEN
01:57:23 CORPORATE BANKS GIVE OUT LOANS EFFECTIVELY THEY DECIDE WHO CAN
01:57:27 AND CANNOT START A BUSINESS AND WHETHER LEGACY BUSINESSES
01:57:31 THAT HOLD THE NEIGHBORHOOD TOGETHER CAN CONTINUE TO EXIST.
01:57:34 A PUBLIC BANK CAN BE A LIFELINE TO KEEP AND BUILD.
01:57:39 WHAT MAKES SAN FRANCISCO SPECIAL THIS IS A VERY
01:57:42 IMPORTANT QUESTION THAT VOTERS DESERVE TO HEAR AND I HOPE THAT
01:57:44 YOU WILL VOTE TO ADVANCE THIS CHARTER AMENDMENT.
01:57:46 >> THANK YOU. >> HI, MY NAME IS HAL AHMED.
01:57:54 I'M A MEMBER OF THE SAN FRANCISCO PUBLIC BANK COALITION
01:57:57 AND DE TEN RESIDENTS. >> THANK YOU FOR THE
01:57:58 SUPERVISORS WHO HAVE ALREADY SUPPORTED THE PUBLIC BANK.
01:58:02 I ACTUALLY LED A REPORT SERIES FOR THE CITY OF L.A. TO OUTLINE
01:58:05 THE OBJECTIVE COSTS AND BENEFITS OF A PUBLIC BANK.
01:58:09 AND YOU JUST HEARD FROM SO MANY INDIVIDUALS IN THE CITY ABOUT
01:58:13 GAPS IN FINANCE. THIS IS A COMMON SENSE OF
01:58:16 FINANCIAL MEASURE TO HELP TO SOLVE SOME OF THOSE GAPS
01:58:20 IN HOUSING, AFFORDABLE HOUSING FINANCE AND OTHER GAPS
01:58:24 IN FINANCE. WE HAVE ACROSS THE CITY 25% OF
01:58:25 GLOBAL ASSETS IN THIS TYPE OF INSTITUTION AND IT'S ALSO A
01:58:29 COUNTERCYCLICAL MEASURE THAT WE REALLY NEED RIGHT NOW AT A TIME
01:58:33 WHEN WE KNOW GLOBAL CLIMATE CHANGE IS A MAJOR THREAT
01:58:36 AND THERE ARE SO MANY CATASTROPHES THAT COME UP AGAIN
01:58:40 AND AGAIN. I ALSO WANT TO QUICKLY ADDRESS
01:58:41 THE COMMENTS FROM SUPERVISOR SHERYL.
01:58:44 >> YOUR COMMENTS MAY SOUND LIKE FAIR QUESTIONS BUT FINANCIAL
01:58:47 INSOLVENCY IS PREEMPTED BY THE LAWS SURROUNDING THIS BANK
01:58:50 AND THE COLLATERALIZATION OF THE BANK ASSETS TO REPAY
01:58:54 DEPOSITORS ALONGSIDE FDIC INSURANCE WHICH IS ALSO
01:58:58 REQUIRED. >> IT WOULD BE A BIG MISTAKE.
01:58:59 TIME HAS ELAPSED NOT TO PASS THIS.
01:59:00 >> THANK YOU. GOOD MORNING SUPERVISORS.
01:59:08 MY NAME IS NOAH. I LIVE IN D9 AND I'M SPEAKING
01:59:12 IN FAVOR OF THE CHARTER AMENDMENT TO AUTHORIZE THE
01:59:13 ESTABLISHMENT OF THE MFC AND PUBLIC BANK AS IT HAS BEEN
01:59:16 DEMONSTRATED BY THE PREVIOUS ITEMS IN THE MEETING.
01:59:20 AFFORDABLE HOUSING MUST BE A PRIORITY FOR SAN FRANCISCO
01:59:24 AND IF WE CAN PASS THIS AMENDMENT THE PUBLIC BANK COULD
01:59:27 EXIST TO PROVIDE LOW COST LOANS FOR THE DEVELOPMENT OF
01:59:28 AFFORDABLE HOUSING LONG PAST THE PROJECTED END DATE OF THE
01:59:35 AFFORDABLE HOUSING TRUST FUND WHICH WAS EARLIER STATED I
01:59:36 BELIEVE WOULD END IN 2058. HELLO AGAIN SUPERVISORS DAN
01:59:46 RAEL SFO USD PARENT AND DIA RESIDENT I'M HERE URGING YOU TO
01:59:55 PLEASE VOTE TO CAN I KEEP THIS MOVING FORWARD AS OTHERS HAVE
01:59:59 SAID THIS HAS BEEN YEARS AND YEARS IN THE MAKING.
02:00:03 IT HAS INVOLVED A LOT OF DUE DILIGENCE AND IT HAS POPULAR
02:00:06 SUPPORT. IT'S HAD CONSENSUS BOARD VOTES
02:00:10 EVERY TIME IT'S COME UP I, I THINK THE VOTERS OF SAN
02:00:14 FRANCISCO DESERVE THE CHOICE THE OPPORTUNITY TO VOTE ON THIS
02:00:17 IN NOVEMBER AND I HOPE THAT YOU WILL NOT FORECLOSE THIS THIS
02:00:24 OPPORTUNITY TO REALLY ADDRESS MANY OF OUR LOCAL PRIORITIES
02:00:28 LONG INTO THE FUTURE WITH THIS INCREDIBLE NEW TOOL AND ALSO,
02:00:35 YOU KNOW, MAKING IT MAKING SAN FRANCISCO ONCE AGAIN LIKE A
02:00:40 LEADER AND PROVIDING NEW DEMOCRATIC POLICIES THAT YOU
02:00:47 KNOW, ADDRESS ALL OF OUR NATION'S PROBLEMS.
02:00:51 >> THANK YOU. >> HELLO, I'M TERESA DE LA LA'S
02:00:58 WITH SOM. CAN WE SUPPORT THE CREATION OF
02:01:02 THE SAN FRANCISCO PUBLIC BANK? WE SEE THIS AS ANOTHER
02:01:06 IMPORTANT TOOL TO HELP FUND AFFORDABLE HOUSING SUPPORT
02:01:09 COMMUNITY NEEDS AND A SAN FRANCISCO PUBLIC BANK COULD
02:01:13 ALLOW SAN FRANCISCO TO INVEST ITS OWN PRIORITIES COMMUNITY
02:01:17 DEVELOPMENT, SMALL BUSINESSES, AFFORDABLE HOUSING
02:01:21 AND ENVIRONMENTAL ENVIRONMENTAL JUSTICE INITIATIVES LIKE THE A
02:01:24 CLIMATE EQUITY HUB OF THE SAN FRANCISCO ENVIRONMENT AT A TIME
02:01:29 WHEN WE ARE FACING BUDGET CUTS AND AN AFFORDABLE HOUSING
02:01:30 CRISIS, WE CANNOT AFFORD TO IGNORE PROMISING SOLUTIONS.
02:01:33 WE NEED EVERY TOOL AVAILABLE. WE CAN'T WAIT TEN YEARS OR 115
02:01:39 YEARS. PLEASE LET THE VOTERS DECIDE.
02:01:42 >> MARAMI SOLAR MACBOOK. >> GOOD MORNING AGAIN
02:01:50 SUPERVISORS ZACHARY FRIEL SAM CAN I WOULD LIKE TO EXPRESS MY
02:01:54 APPRECIATION FOR SUPERVISOR CHAN AND OF COURSE SUPERVISOR
02:01:57 FIELDER FOR WORKING ON THIS MEASURE AS STATED IN MY
02:01:58 PREVIOUS COMMENT OUR CITY NEEDS EXPLORE A PANOPLY OF TOOLS TO
02:02:02 BEING OUR AFFORDABLE HOUSING GOALS.
02:02:05 >> THE PUBLIC BANK WAS ONE OF THE FINANCING MECHANISMS
02:02:09 MENTIONED IN THE BILL REPORT PRESENTED TWO WEEKS AGO.
02:02:10 >> IN ADDITION, THE PUBLIC BANK CAN ALSO HELP US MEET OUR
02:02:14 CLIMATE GOALS ALLOWING US TO PROVIDE LOW INTEREST LOANS
02:02:17 AND OTHER FUNDING TO PROPERTY OWNERS FOR BUILDING
02:02:19 DECARBONIZATION IN SAN FRANCISCO WILL NEVER MEET ITS
02:02:22 CLIMATE GOALS IF WE CONTINUE TO DEFUND SOPHIE'S WORK.
02:02:25 PASSING THIS MEASURE IS ONE SMALL REMEDY TOWARD ENSURING
02:02:29 THERE'S A STABLE FUNDING SOURCE FOR THE CLIMATE ACTION PLAN.
02:02:32 >> SAM KANE RECOMMENDS THAT THIS COMMITTEE MOVE FOR THIS
02:02:34 CHARTER MEASURE PLEASE GIVE THE VOTERS A CHANCE TO DECIDE ON
02:02:37 THIS ITEM. >> THANK YOU.
02:02:43 >> GOOD MORNING. MY NAME IS SUSAN GREEN.
02:02:44 I'M WITH THE SAN FRANCISCO CLIMATE EMERGENCY COALITION.
02:02:48 I'M HERE TO URGE YOUR CONTINUED SUPPORT FOR THE CREATION OF A
02:02:51 PUBLIC BANK. THE UPCOMING INTRODUCTION OF
02:02:52 THE AIR DISTRICT'S ZERO EMISSION APPLIANCE RULES WILL
02:02:56 ACCELERATE A MULTI-DECADE TRANSITION TOWARD ELECTRIFYING
02:02:59 ALL OF OUR BUILDINGS. ONE OF THE MOST CRITICAL GOALS
02:03:03 IN OUR CLIMATE ACTION PLAN MANY SAN FRANCISCANS WILL NEED HELP
02:03:06 NAVIGATING THAT TRANSITION. MANY WILL NEED LOW COST
02:03:07 FINANCING TO COVER THE UPFRONT COSTS OF COMPLIANT ELECTRIC
02:03:11 APPLIANCES SOMETHING THE PUBLIC BANK IN PARTNERSHIP WITH LOCAL
02:03:15 LENDING INSTITUTIONS WOULD BE UNIQUELY SUITED TO PROVIDE.
02:03:18 >> GIVEN THE DISMAYING LACK OF FUNDING TO IMPLEMENT OUR
02:03:22 CLIMATE ACTION PLAN CURRENTLY CONTINUING TO SUPPORT THE
02:03:26 CREATION OF THE PUBLIC BANK BY SUPPORTING THIS CHARTER
02:03:27 AMENDMENT IS ONE OF THE MOST POWERFUL ACTIONS THE BOARD OF
02:03:30 SUPERVISORS CAN TAKE RIGHT NOW TO MEET OUR CLIMATE GOALS.
02:03:34 THIS IS A CRITICAL FIRST STEP FOR THE BANK AND THE CLIMATE.
02:03:38 IT NEEDS YOUR LEADERSHIP AND SUPPORT NOW.
02:03:39 THANK YOU. >> MY NAME IS JOHN ANDERSON.
02:03:50 I'M A D2 RESIDENT AND I'M MEMBER OF THE CODING
02:03:54 COORDINATING COMMITTEE OF 350 SAN FRANCISCO.
02:03:58 WE WOULD LIKE TO ADD OUR CONCERN WITH THE PUBLIC BANK AS
02:04:02 A MEANS OF FUNDING CITY ELECTRIFICATION AND CLIMATE
02:04:06 ACTION PLAN AND JUST ADD THAT THIS IS CLIMATE IS JUST ONE
02:04:13 EXAMPLE OF A LONG TERM GENERAL CIVIC INTEREST THAT WE CAN FUND
02:04:20 THIS WAY AND I WOULD LIKE TO PUT ON MY INDIVISIBLE SAN
02:04:28 FRANCISCO HAT. INDIVISIBLE AS EARTH HAS ALSO
02:04:31 ENDORSED THE PLAN AND THEY ARE AGAIN PUBLIC INTEREST.
02:04:39 ALL OF THE THINGS THAT SUPERVISOR MAHMOOD SAID ABOUT
02:04:43 FIXING LIMITS OF PUBLIC MARKET .
02:04:51 >> SO THANK YOU FOR THANK YOU FOR SUPPORTING IT.
02:04:58 >> GOOD AFTERNOON SUPERVISORS. MY NAME IS MICHELLE STURM WITH
02:05:01 THE SAN FRANCISCO PUBLIC BANK COALITION.
02:05:03 SO MANY WONDERFUL THINGS HAVE BEEN SAID.
02:05:06 I'M GOING TO FOCUS A LITTLE BIT ON FUNDING WHY THIS LEGISLATION
02:05:09 IN PARTICULAR IS A VERY EXCITING ANSWER TO THAT
02:05:12 QUESTION ABOUT FUNDING BECAUSE WHAT I'VE HAD THE PRIVILEGE OF
02:05:14 DOING SPEAKING OVER THE YEARS. THERE'S HEAVY INTEREST FROM
02:05:17 PHILANTHROPY UNION TRUSTS WHEN YOU LOOK AT WHERE THE MAJORITY
02:05:23 OF GREEN BANKS IN AMERICA WERE CAPITALIZED THAT WAS FROM 2009
02:05:27 ARP FUNDS FROM A FEDERAL BILL AND SO SETTING UP THIS ENTITY
02:05:31 ON CAPITAL ISED ALLOWS FOR US TO PURSUE THE MOST WIDE ARRAY
02:05:38 OF CAPITALIZATION I.E. CAPITALIZATION OUTSIDE THE CITY
02:05:42 . AND SO THEREFORE PASSING THIS
02:05:43 IS A GREAT OPPORTUNITY FOR THAT.
02:05:45 AND THEN OF COURSE ONCE WE CAPITALIZE THE BANK THERE'S
02:05:47 JUST SO MUCH STATEMENT ABOUT WHAT WE CAN DO WITH THE
02:05:50 FLEXIBILITY WITH TERMS WITH DURATION.
02:05:53 THERE'S JUST SO MUCH OPPORTUNITY FOR OUR CITY TO
02:05:57 LEVERAGE EVERY SAN FRANCISCANS DOLLAR TO BRING THE MOST OF
02:05:58 WHAT WE NEED AND MAKE MORE OF WHAT WE NEED.
02:06:01 >> THANK YOU. >> HI SUPERVISORS.
02:06:08 MY NAME IS GWEN MCLAUGHLIN AND I MY SAN FRANCISCO HAT ON
02:06:11 BECAUSE I'M HERE AS A BORN AND RAISED SAN FRANCISCAN AND A
02:06:15 PROUD SUPPORTER OF THE PUBLIC BANK.
02:06:19 I THINK AS MANY OF YOU MAY HAVE SEEN SAN FRANCISCO'S RENTS HAVE
02:06:24 SURGED BETWEEN 15 TO 20% UNDER THIS CURRENT ADMINISTRATION.
02:06:27 I'M NOT NECESSARY SUGGEST ING THAT THE CURRENT ADMINISTRATION
02:06:31 THE BOARD IS RESPONSIBLE FOR THAT JUMP BUT WE DO NEED REAL
02:06:35 SOLUTIONS TO ENSURE AFFORDABILITY FOR WORKING SAN
02:06:38 FRANCISCANS. AS A PART OF MY JOB I DO A LOT
02:06:40 OF OUTREACH TO THE SMALL BUSINESS COMMUNITY IN SAN
02:06:42 FRANCISCO AND BASICALLY THE AVERAGE SMALL BUSINESS OWNER
02:06:47 AND WORKER MAKES BETWEEN 30 TO 80 K ANNUALLY.
02:06:50 THERE'S NO COMMERCIAL RENT CONTROL IN PLACE IN SAN
02:06:54 FRANCISCO AND SAN FRANCISCANS ARE READING THE STORIES THAT
02:06:57 ARE COMING OUT DAILY ABOUT BOTH RESIDENTIAL TENANTS
02:07:01 AND COMMERCIAL TENANTS SEEING DOUBLINGS OF THEIR RENTS TAKING
02:07:05 PLACE OVERNIGHT. IT IS SERIOUSLY CONCERNING
02:07:09 AND PEOPLE ARE PAYING ATTENTION AND WATCHING.
02:07:10 WE NEED REAL ALTERNATIVES AND SOLUTIONS AND PLEASE FOR
02:07:13 THE PUBLIC BANK. >> THANK YOU.
02:07:20 >> GOOD AFTERNOON. RULES COMMITTEE GRIFFIN LEE
02:07:23 HERE REPRESENTING CONNECTED S.F. WE STRONGLY OPPOSE A
02:07:27 PUBLIC BANK. >> COUPLE OF REASONS ONE CITY
02:07:31 HALL HAS A LOT ALREADY AT ITS FOREFRONT THAT ALL THAT NEEDS
02:07:37 TO BE FOCUSED ON FOR THE RECOVERY OF SAN FRANCISCO.
02:07:41 >> THERE'S THINGS HERE THAT THE PUBLIC BANK WILL FINANCE SUCH
02:07:44 AS SMALL BUSINESSES WHERE WE'VE ALREADY SEEN SUCCESS WITH
02:07:48 THINGS LIKE FIRST YEAR FREE. >> ON THE AFFORDABLE HOUSING
02:07:52 FRONT. >> CITY HALL CAN ONLY DO SO
02:07:53 MUCH TO TO FIX THE AFFORDABLE CRISIS.
02:07:58 THINGS LIKE MORE MONEY WILL NOT GET US TO THAT PROBLEM THINGS
02:08:02 LIKE FINDING OUT IN LOWER IN CONSTRUCTION COSTS
02:08:05 AND CONTINUING ON PERMITTING REFORM.
02:08:08 WELL WE'LL DO A LOT MORE TO HELP WITH THE AFFORDABILITY
02:08:13 CRISIS. WE STRONGLY OPPOSE THE PUBLIC
02:08:15 BANK. >> PLEASE VOTE NO OR THE
02:08:19 ADDITIONAL SPEAKERS ON THIS MATTER.
02:08:23 THERE ARE NO ADDITIONAL SPEAKERS.
02:08:24 THANK YOU SO MUCH, MR. CLARKSON.
02:08:27 >> THOSE SPEAKERS PUBLIC COMMENT IS NOW CLOSED AND I
02:08:30 WOULD LIKE TO MAKE A MOTION TO MOVE THIS CHARTER AMENDMENT
02:08:32 FORWARD TO THE FULL BOARD WITH RECOMMENDATION YES ON THAT
02:08:35 MOTION. VICE CHAIR CHERYL BY CHERYL I
02:08:42 MEMBER AMENDMENT I MADAM CHAIR I OR DENY THAT MOTION PASSES
02:08:46 WITHOUT OBJECTION. THANK YOU.
02:08:49 MOTION CARRIES MR. CLERK PLEASE CALL ITEM NUMBER FOUR.
02:08:57 >> ITEM NUMBER FOUR IS A CHARTER AMENDMENT FIRST DRAFT
02:09:00 TO AMEND THE CHARTER OF THE CITY AND COUNTY OF SAN
02:09:03 FRANCISCO BY REQUIRING OR AUTHORIZING THE BOARD OF
02:09:04 SUPERVISORS TO AMEND THE SPECIFIED INITIATIVE ORDINANCES
02:09:08 TRANSFER TRANSFERRING FROM THE CHARTER TO THE MINUTES CODE
02:09:11 CERTAIN COMMISSIONS AND ADVISORY BODIES IN SOME
02:09:14 CASES WITH MODIFIED FUNCTIONS REQUIRING THAT THE COMMISSION'S
02:09:19 STREAMLINING TASK FORCE BE CONVENED EVERY TEN YEARS,
02:09:20 REMOVING THE GENERAL REQUIREMENT THAT BOARDS
02:09:23 AND COMMISSION DEVELOP AND KEEP ANNUAL STATEMENT OF PURPOSE.
02:09:26 APPOINT AN EXECUTIVE SECRETARY AND PREPARE AN ANNUAL REPORT
02:09:30 CHARGING THAT MEMBERSHIP FOR CHANGING THE MEMBERSHIP
02:09:31 QUALIFICATIONS COMPOSITION AND MEMBER SELECTION PROCESS
02:09:34 FOR CERTAIN BODIES ELIMINATE CONSOLIDATING AND CHANGING THE
02:09:38 FUNCTIONS AND AUTHORITIES OF CERTAIN BODIES CONVERTING THE
02:09:42 CHILDREN TO YOUTH AND THEIR FAMILIES.
02:09:43 OVERSIGHT ADVISORY COMMITTEE TO A COMMISSION WITH LIMITED
02:09:46 OVERSIGHT SPECIFYING THE ELECTED MEMBERS OF THE
02:09:49 RETIREMENT AND HEALTH SERVICE BOARD TO RETIRE RETIREE HEALTH
02:09:53 CARE TRUST FUND BOARD MAY REMOVE ONLY FOR OFFICIAL
02:09:58 MISCONDUCT MAKING VARIOUS CHANGES TO DEPARTMENT
02:10:01 OPERATIONS REPORTING REQUIREMENTS EXPANDING THE
02:10:02 PUBLIC UTILITY COMMISSIONS EXCLUSIVE SERVE CHARGE OVER
02:10:06 MATTERS RELATED TO WATER POWER AND TOUR INFRASTRUCTURE
02:10:09 AND SERVICES PROVIDED THAT THE BOARD OF SUPERVISORS APPROVE
02:10:13 SETTLEMENT DISMISSALS AND LEGAL PROCEEDINGS BEGINNING BY THE
02:10:15 CITY ATTORNEY BY RESOLUTION RATHER THAN BY ORDINANCE
02:10:17 AND MAKING CLARIFYING EDITS AND LEAVING OBSOLETE LANGUAGE
02:10:21 AND OPTING OUT OF DATE REFERENCED IN VARIOUS SECTIONS
02:10:25 AT AN ELECTION TO BE HELD IN NOVEMBER 3RD, 2026.
02:10:27 THANK YOU SO MUCH, MR. CLERK. PRESIDENT MADAM CHAIR.
02:10:31 >> THANK YOU, CHAIR WALTON AND VICE CHAIR CHERYL AND THANK
02:10:35 YOU SUPERVISOR MAHMOOD FOR BEING HERE AND FOR YOU FOR YOUR
02:10:39 WORK ON THIS ON THIS CHARTER AMENDMENT.
02:10:45 >> AS THE RECORD WILL SHOW THAT ALL BUT THREE PEOPLE HAVE LEFT
02:10:49 THE ROOM. PERHAPS PERHAPS NEVER HAS A
02:10:53 CHARTER AMENDMENT THAT SO MANY PEOPLE HAVE WORKED SO HARD ON
02:11:00 THAT I THINK IS ACTUALLY SO CONSEQUENTIAL, SPARKED SO
02:11:05 LITTLE INTEREST BUT PERHAPS THAT'S A GOOD THING AND PERHAPS
02:11:08 THAT WILL ENSURE THAT IT'S QUIET PASSAGE AND THAT WE WILL
02:11:12 MOVE FORWARD WITH A A MORE USABLE CHARTER.
02:11:19 THE CONVERSATION ABOUT CHARTER REFORM OBVIOUSLY HAS BEEN GOING
02:11:24 ON FOR YEARS NOW AND KICKED INTO HIGH GEAR LAST YEAR.
02:11:31 AS MAYOR LURIE INDICATED, HIS INTEREST IN WORKING ON ON THE
02:11:35 VARIOUS TOPICS THAT GO UNDER THE GENERAL RUBRIC OF CHARTER
02:11:39 REFORM. WHAT I'M PROPOSING TODAY IS THE
02:11:42 BOARD'S CONTRIBUTION. >> WHAT I HOPE WILL BE THE
02:11:47 BOARD'S CONTRIBUTION IN THAT CONVERSATION THERE ARE THREE
02:11:49 MEASURES THAT FRIENDS OF THE MAYOR ARE GATHERING SIGNATURES
02:11:53 FOR OUTSIDE THE BUILDING BY WAY OF KIND OF RECOUNTING WHAT THIS
02:12:01 VERY LONG PIECE OF LEGISLATION IS.
02:12:08 I'LL REMIND EVERYONE THAT THESE CHANGES CAME FROM THESE
02:12:12 PROPOSED CHANGES TO OUR CHARTER CAME FROM A NUMBER OF DIFFERENT
02:12:16 SOURCES. SOME CAME DIRECTLY FROM CITY
02:12:19 DEPARTMENTS FROM THE FOLKS WHO DO THE WORK EVERY DAY OF
02:12:24 DELIVERING FOR OUR PUBLIC AND IDENTIFIED CHANGES TO OUR
02:12:27 CHARTER THAT WOULD BE USEFUL TO THEM IN DOING THAT WORK MORE
02:12:32 EFFICIENTLY. SOME OF THE RECOMMENDATIONS
02:12:35 THAT WE HAVE TURNED INTO THIS CHARTER AND PROPOSED CHARTER
02:12:39 MOVEMENT CAME FROM THE PROPOSITION STREAMLINING TASK
02:12:43 FORCE WHICH SPENT A LOT OF TIME AND A LOT OF EFFORT EVALUATING
02:12:47 THE CITY'S BOARDS AND COMMISSIONS AND MADE
02:12:50 RECOMMENDATIONS ABOUT WHICH OF THEM BELONG IN THE CHARTER,
02:12:54 WHICH BELONG IN THE ADMINISTRATIVE CODE AND WHICH
02:12:55 SHOULD BE ELIMINATED ALTOGETHER .
02:12:57 THE BOARD HAS PASSED A AN ORDINANCE THAT IMPLEMENTS THE
02:13:02 PORTIONS OF THEIR WORK THAT COULD BE DONE BY ORDINANCE.
02:13:06 >> SOME OF THEIR RECOMMENDATIONS ALTHOUGH AGAIN
02:13:09 NOT ALL HAVE BEEN INCORPORATED INTO THIS PROPOSED BOARD
02:13:12 CHARTER AMENDMENT ALTHOUGH WE DID NOT ACCEPT ALL OF THEIR
02:13:17 RECOMMENDATIONS. >> I DO WANT TO AGAIN REITERATE
02:13:20 MY GRATITUDE FOR ALL OF THE WORK OF THE STREAMLINING TASK
02:13:24 FORCE AND ALL THE CITY STAFF WHO SUPPORTED THEM FOR ALL OF
02:13:25 THOSE MONTHS. I WANT TO THANK SUPERVISOR
02:13:28 MAHMOOD AND CHAN WHO PARTICIPATED IN THE CHARTER
02:13:32 REFORM WORKING GROUP THAT BROUGHT TOGETHER STAKEHOLDERS
02:13:36 FROM ACROSS THE CITY TO CONSUMER TO TO CONSIDER THE
02:13:39 CHALLENGES IN OUR CHARTER POSSIBLE RESPONSES TO THOSE
02:13:43 CHALLENGES. I WANT TO THANK SUPERVISOR
02:13:47 MAHMOOD ESPECIALLY FOR YOUR INTEREST IN TRYING TO GET AS
02:13:50 MUCH DONE AS WE COULD TOWARD ENSURING THAT OUR PERMIT
02:13:55 GRANTING AGENCIES HAVE THE ABILITY TO DO THEIR WORK IN A
02:13:59 MORE STREAMLINED AND EFFECTIVE WAY.
02:14:00 AND I WANT TO THANK SUPERVISOR MELGAR AND HER TEAM FOR THE
02:14:03 WORK THEY DID ON A SET OF CHANGES FOCUSED ON HOW
02:14:07 DEPARTMENTS AND COMMISSIONS RELATED TO CHILDREN AND YOUTH
02:14:10 FUNCTION. >> THE CHANGES IN THIS CHARTER
02:14:14 AMENDMENT FALL INTO THREE BROAD CATEGORIES.
02:14:17 ONE IS JUST MODERNIZATION AND CLEANUP.
02:14:18 THERE ARE A LOT OF AMENDMENTS THAT ARE TRULY TRUE CLEAN UP.
02:14:22 THEY UPDATE THE CHARTER TO REFLECT CURRENT CONDITIONS TO
02:14:26 ADDRESS INCORRECT REFERENCE DESIGN CROSS-REFERENCES TO TAKE
02:14:30 OUT PROVISIONS THAT ARE JUST OUT OF DATE.
02:14:35 AN EXAMPLE WE'VE USED IS THAT THE CHARTER CURRENTLY INCLUDES
02:14:37 A SECTION MANDATING A BOOK BINDER POSITION AT THE LAW
02:14:41 LIBRARY. THAT DOES NOT MAKE SENSE
02:14:45 IN 2026 AND SO WE'RE UPDATING THAT LANGUAGE TO SOMETHING A
02:14:48 LITTLE MORE EVERGREEN A TECHNICAL SERVICES MANAGER.
02:14:52 NO ONE WILL LOSE THEIR JOB BECAUSE OF THIS BUT WE WILL
02:14:53 HAVE A JOB DESCRIPTION THAT MORE ACCURATELY REFLECTS WHAT
02:14:57 THE LAW LIBRARY ACTUALLY DOES AND WHAT THE STAFF THERE
02:15:00 ACTUALLY DO. A SECOND CATEGORY OF CHANGES
02:15:03 ADDRESSES THOSE DEPARTMENTAL PAIN POINTS THAT I INDICATED
02:15:05 WHERE WE HEARD FROM DEPARTMENTS THAT THEY THEY NEEDED RELIEF
02:15:08 IN AREAS THAT I THINK WE CAN GENERALLY SUPPORT WITHOUT MUCH
02:15:12 DISAGREEMENT. I THINK THESE ARE CONSENSUS.
02:15:16 AGAIN, THEY'RE BASED ON FEEDBACK FROM THE DEPARTMENTS
02:15:18 ON THEIR SPECIFIC SECTIONS IN THE CHARTER.
02:15:22 AND ONE EXAMPLE HERE IS THAT WE'RE UPDATING MUNI'S CHARTER
02:15:27 MANDATED SERVICE STANDARDS TO REFLECT HOW MODERN TRANSIT
02:15:30 AGENCIES MEASURE PERFORMANCE. >> THE CURRENT CHARTER USES AN
02:15:34 ON TIME PERFORMANCE METRIC THAT HASN'T BEEN INCREASINGLY
02:15:38 RECOGNIZED AS AN INCOMPLETE MEASURE OF RIDER EXPERIENCE.
02:15:41 THE AMENDMENT WOULD ALLOW THE MTA TO ADOPT OTHER STANDARDS
02:15:43 THAT WOULD COULD INCLUDE WEIGHT ASSESSMENTS WHICH MEASURE HOW
02:15:46 LONG RIDERS ARE WAITING FOR THEIR VEHICLES WHICH IS
02:15:50 PROBABLY A MORE ACCURATE PICTURE OF SERVICE QUALITY.
02:15:54 >> THERE'S BEEN A LOT OF OUTREACH AND I WANT TO THANK
02:15:59 THE MAYOR'S OFFICE ALSO FOR FOR THIS OUTREACH THROUGH THE
02:16:03 WORKING GROUP AND AND SINCE THEN TO HEAR FROM ALL THE
02:16:06 POTENTIAL STAKEHOLDERS WHO MIGHT HAVE SOME CONCERNS ABOUT
02:16:10 SOME OF THESE CHANGES. >> THIRD AND FINALLY, AS I
02:16:13 SAID, WE DREW FROM THE WORK OF THE COMMISSION'S STREAMLINING
02:16:15 TASK FORCE. WE ARE GETTING RID OF A FEW
02:16:17 COMMISSIONS. THE STREETS AND SANITATION
02:16:21 COMMISSION, THE PUBLIC WORKS COMMISSION WE CONSULTED WITH
02:16:22 INTERESTED STAKEHOLDERS THERE AND EVERYONE SORT OF FELT LIKE
02:16:25 YEAH, THOSE COMMISSIONS COULD PROBABLY GO.
02:16:29 >> WE ARE PROPOSING MOVING BODIES LIKE THE PUBLIC
02:16:32 UTILITIES CITIZENS ADVISORY COMMISSION TO THE PARKS
02:16:34 AND OPEN PARKS AND RECREATION OPEN SPACE ADVISORY COMMITTEE
02:16:37 OUT OF THE CHARTER AND INTO THE ADMIN CODE WHERE THEY CAN BE
02:16:41 UPDATED AND CHANGED BY THE BOARD OF SUPERVISORS.
02:16:42 BUT AGAIN WE'RE NOT PROPOSING TO ELIMINATE THOSE BODIES.
02:16:47 SO THAT'S KIND OF THE FLAVOR OF WHAT'S IN HERE ALTHOUGH IT IS
02:16:52 VERY, VERY LONG. >> THERE IS A I HOPE HELPFUL
02:16:55 CROSSWALK OF THE CHANGES THAT WE'VE PROVIDED TO ALL OF YOUR
02:16:57 OFFICES. >> I WANT TO TALK THROUGH THIS
02:17:03 MAYBE NOT SURPRISING THAT AN AMENDMENT THIS LONG THAT
02:17:07 TOUCHES THIS MANY THINGS HAS A LOT OF AMENDMENTS THAT HAVE
02:17:12 COME UP SINCE WE ORIGINALLY ORIGINALLY INTRODUCED IT
02:17:15 AND THERE'S THOSE HAVE BEEN CIRCULATED TO YOUR OFFICES.
02:17:19 AGAIN, I DON'T THINK ANYTHING IN HERE IS TERRIBLY
02:17:22 CONTROVERSIAL CONTROVERSIAL. BUT I WANT TO LET YOU ALL KIND
02:17:26 OF KNOW WHAT GENERALLY IS IN HERE FOR THE MTA.
02:17:30 THERE ARE NINE AMENDMENTS AGAIN, MOST ARE TECHNICAL CLEAN
02:17:31 UP CORRECTING A CROSS-REFERENCE AND SECTION EIGHT A POINT 113
02:17:39 FIXING THE NAME OF ESCORT TO REFLECT THE FACT THAT IT IS NOW
02:17:42 THE COUNCIL ON STREET AND TRANSPORTATION FACILITIES
02:17:47 AND DELETING A STRAY SENTENCE AND 8.121 THAT NO LONGER MAKES
02:17:50 SENSE. THERE'S TWO AMENDMENTS THAT
02:17:52 TOUCH THE MTA CITIZENS ADVISORY COUNCIL ONE MOVING IT FROM THE
02:17:54 CHARTER TO THE TRANSPORTATION CODE SO THE MTA BOARD CAN AMEND
02:17:58 IT DIRECTLY AND A SECOND UPDATING THE MEMBERSHIP
02:18:01 LANGUAGE TO EXPLICITLY REQUIRE REPRESENTATION ON THE MTA BOARD
02:18:04 FROM BOTH PEDESTRIANS AND CYCLISTS OR ON THE CAC
02:18:08 WHICH WILL HELP THE CAC ABSORB THE FUNCTIONS OF THE RECENTLY
02:18:12 ELIMINATED BICYCLE ADVISORY COMMITTEE.
02:18:15 >> THERE'S ALSO AN AMENDMENT UPDATING THE MTA'S CLIMATE
02:18:16 GOALS TO ALIGN WITH THE CITYWIDE CLIMATE ACTION PLAN
02:18:21 RATHER THAN THE AGENCY'S OWN STAMP STANDALONE PLAN AND A
02:18:23 DELETION OF AN OBSOLETE FOUR HOUR MINIMUM TRAINING
02:18:27 REQUIREMENT THAT AGENCIES ARE NO LONGER FOLLOWING
02:18:28 AND PRACTICE ON THE PUC SIDE THERE ARE THREE AMENDMENTS ONE
02:18:33 IF UPDATING THIS TERM SEWER COLLECTION SYSTEM TO SEWER
02:18:37 UTILITY. SECOND IS ADDING A SENTENCE TO
02:18:38 SECTION EIGHT B .124 WHICH BRINGS THE CHARTER INTO
02:18:44 COMPLIANCE WITH PROP 2218. AND THE THIRD AMENDMENT IMPACTS
02:18:48 THE PUC AS A REORGANIZATION OF EXISTING TEXT INTO SUBSECTIONS
02:18:54 FOR CLARITY. >> NO SUBSTANTIVE CHANGES THE
02:18:58 THE REMAINING AMENDMENTS INCLUDE AND THIS MAY BE OF
02:19:02 INTEREST TO SUPERVISORS IN THE AS A RESTORATION OF THE
02:19:10 MAYOR THE BOARD SPLIT FOUR APPOINTMENTS TO THE HOMELESS
02:19:12 OVERSIGHT COMMISSION. THERE WAS A MOMENT IN OUR
02:19:15 PROCESS WHERE IT OCCURRED TO ME THAT PERHAPS THE HOMELESS
02:19:18 OVERSIGHT COMMISSION LIKE LOTS OF COMMISSIONS THAT OVERSEE
02:19:21 EXECUTIVE DEPARTMENTS OUGHT TO HAVE THEY MAY ALL OUGHT TO BE
02:19:25 ENTIRELY APPOINTED BY THE MAYOR.
02:19:26 I'D SORT OF FORGOTTEN THAT WE'D HAD THAT CONVERSATION AND WE
02:19:29 HADN'T VETTED IT WITH FOLKS INCLUDING COLLEAGUES.
02:19:33 I THINK THAT THAT'S A BRIDGE TOO FAR PROBABLY FOR FOR OUR
02:19:37 BOARD AND SO WE'RE TAKING THAT BACK TO HAVE SPLIT APPOINTMENTS
02:19:40 MAYORAL MAJORITY. BOARD OF SUPERVISORS MINORITY
02:19:45 THERE WE HAVE AN AMENDMENT TO THE AMENDMENTS GIVING THE
02:19:49 COMMISSION STREAMLINING TASK FORCE THAT WILL RECONVENE EVERY
02:19:54 TEN YEARS MORE FLEXIBILITY IN DRAWING FOR STAFF FROM
02:19:55 EITHER THE COMPTROLLER OR THE CITY CITY ADMINISTRATOR
02:19:59 DEPENDING ON WHAT MAKES SENSE AT THE TIME WE ARE WE HAVE AN
02:20:02 AMENDMENT AUTHORIZING THE BOARD OF SUPERVISORS TO CHANGE THE
02:20:05 NAME OF ANY DEPARTMENT BOARD OR COMMISSION IN THE ADMIN CODE
02:20:10 AND WE HAVE AN AMENDMENT THAT ENSURES A ROLE FOR THE CITY
02:20:14 ADMINISTRATOR IN LONG TERM REAL ESTATE, STRATEGIC PLANNING
02:20:18 AND PROPERTY MANAGEMENT WHICH HAS BEEN VETTED WITH ANYONE WHO
02:20:22 MIGHT HAVE A CONCERN ABOUT THIS AND I THINK WE HAVEN'T GOTTEN
02:20:25 ANY FLAGS ON THAT AND THEN WE'RE CORRECTING A MISSING WORD
02:20:29 IN THE RETIREE HEALTH CARE TRUST FUND PROVISION.
02:20:32 YOU MAY HAVE NOTICED THAT IN YOUR EMAIL SINCE THIS
02:20:34 MEETING HAS BEGUN AN ADDITIONAL TYPO WAS FOUND BY THE CITY
02:20:38 ATTORNEY AND THEY HAVE CORRECTED THAT AND WE'RE HOPING
02:20:44 WE'VE GOT THEM ALL. >> BUT AFTER PUBLIC COMMENT I
02:20:49 WILL ASK THAT WE ACCEPT THESE AMENDMENTS AND CONTINUE THIS
02:20:53 FOR A WEEK TO NEXT WEEK. I WOULD BE REMISS IF I DIDN'T
02:20:56 THROW OUT THE THANK YOU'S AGAIN THERE'S JUST A LOT OF PEOPLE
02:21:03 WHO'VE BEEN PART OF THIS CONVERSATION.
02:21:04 AGAIN, THE CHARTER REFORM WORKING GROUP MEMBERS OF THE
02:21:07 COMMISSION STREAMLINING TASK FORCE CHAIRED BY AT HARRINGTON
02:21:10 THE EXTRAORDINARY CITY STAFF HAVE SUPPORTED ALL THESE
02:21:14 EFFORTS AND WORK OVER THE PAST YEAR, NOTABLY INCLUDING
02:21:16 COMPTROLLER GREG WAGNER, HENRY O'CONNELL, JOANNA BELL
02:21:20 AND JANICE LEVY. CITY ADMINISTRATOR CARMEN CHIU
02:21:24 AND SOPHIE HAYWARD AND RACHEL ALONZO IN THAT OFFICE THE
02:21:27 MAYOR'S TEAM ESPECIALLY ELISA JEAN-BAPTISTE AND THEN FORMALLY
02:21:31 I'M R BHARDWAJ UNDER HER HAVE BEEN ENORMOUSLY HELPFUL.
02:21:35 WE'VE PUT THE DRAFTING ATTORNEYS IN THE CITY
02:21:38 ATTORNEY'S OFFICE AND IN PARTICULAR ANDREA BRUCE, SARAH
02:21:42 CRAWLEY AND HEATHER GOODMAN THROUGH A LOT AND THANK YOU
02:21:46 ALSO BRAD RUSSI AND THANKS TO JOHN KAVNER FOR HIS FEEDBACK.
02:21:50 AND THEN I JUST I DO WANT TO THANK ALL THE STAKEHOLDERS.
02:21:55 PEOPLE HAVE CARED A LOT THROUGH THIS PROCESS.
02:21:58 I HOPE THE FACT THAT NO ONE IS HERE IN THE CHAMBER OR IN THIS
02:22:01 COMMITTEE ROOM RIGHT NOW INDICATES THAT WE HAVE
02:22:03 ADDRESSED ALL THE CONCERNS. FINALLY, I DO WANT TO THANK
02:22:07 MELANIE MATHESON AND DAVE SCULLY IN MY OFFICE.
02:22:10 MELANIE MATHESON FORMERLY IN MY OFFICE MAVIS KELLY CURRENTLY MY
02:22:13 OFFICE FOR THEIR WORK ON THIS AND I THINK THAT'S WHAT I GOT.
02:22:17 >> THANK YOU PRESIDENT MADAM AND I WOULD JUST SAY I THINK
02:22:21 THE ABSENCE OF PEOPLE IS REALLY TO YOU A MATTER OF STATEMENT
02:22:25 ABOUT THE FACT THAT THERE'S BEEN A LOT OF EXHAUSTIVE WORK
02:22:31 ON WHAT THE STREAMLINING TASK FORCE HAS DONE WITH THE CHARTER
02:22:37 REVIEW THINK THAT VETTED BY SO MANY PEOPLE.
02:22:40 BUT I THINK THAT THE FACT THAT WE'RE NOT UP IN ARMS HERE AT
02:22:44 THE POINT OF SUPERVISORS WITH A WHOLE BUNCH OF DISAGREEMENT ON
02:22:47 WHAT IS BEING PROPOSED. I WILL SAY I THINK THIS IS
02:22:54 IN LINE WITH NOT ALLOWING THE PERFECT TO BE IN PROGRESS.
02:22:58 I DON'T KNOW EVERYTHING HERE OR ANYTHING THAT GOES WILL SAY
02:23:04 THANK YOU TO EVERYONE WHO PUT IN THE TIME WORK BECAUSE WE'RE
02:23:09 STILL IMPORTANT CHANGES THAT NEED TO BE MADE AND SO WE
02:23:15 SHOULDN'T GO TO YOUR OFFICE AND EVERYONE WE'RE GOING TO
02:23:17 DECIDE. I DON'T PARTICULARLY LIKE
02:23:20 REMOVING ANYTHING THAT THE VOTERS THAT VOTED FOR OR
02:23:26 STARTING TO BECOME PART OF THE CHARTER.
02:23:28 HOWEVER, WE ARE TAKING THIS BACK TO THE VOTERS.
02:23:31 SO I THINK OH MY GOD, SOME OF THE CONCERNS OF WHAT PEOPLE
02:23:38 WANTED TO SEE IN TERMS OF CHANGE AND SOME OF THE
02:23:40 STREAMLINING AND AT THE SAME TIME IT DOESN'T ELIMINATE
02:23:43 EVERYTHING THAT'S IMPORTANT TO A LOT OF PEOPLE.
02:23:47 >> SO THANK YOU FOR YOUR WORK ON THAT.
02:23:50 >> SINCE NO OTHER STATEMENTS FROM COLLEAGUES, WE WILL GO TO
02:23:54 PUBLIC COMMENT ON THIS ITEM. >> YES, MEMBERS OF THE PUBLIC
02:23:58 WISH TO SPEAK ON THE SIGNAGE LINE UP TO SPEAK AT THIS TIME.
02:24:01 >> EACH SPEAKER WILL BE ALLOWED ONE MINUTE.
02:24:08 >> INTERESTING HOW THE ROOM EMPTIED OUT AFTER THAT ONE.
02:24:12 GRIFFIN LEE HERE CONNECTED AS A STAFF WE FULLY SUPPORT THIS
02:24:15 CHARTER AMENDMENT AND ALL THESE REFORMS.
02:24:20 >> THIS IS A GOOD STEP IN THE RIGHT DIRECTION TO ELIMINATE
02:24:23 CITY HALL BLOAT AND BUREAUCRACY AND WE APPRECIATE THE WORK THE
02:24:27 STREAMLINING TASK FORCE HAS DONE.
02:24:31 ONE QUICK QUESTION IF I COULD GET CLARIFICATION ON THE MTA
02:24:35 AMENDMENT SPECIFICALLY TIED TO THE COMMITTEE YOU JUST
02:24:39 REFERENCED. I DID NOT CATCH THAT IN THE
02:24:43 FILE BUT WOULD BE GREATLY APPRECIATED.
02:24:44 >> AGAIN, THANKS FOR THE WORK ON THIS AND WITH OUR FORWARD TO
02:24:50 SUPPORTING IT IN NOVEMBER FOR THE THANK YOU AND NO OTHER
02:24:57 SPEAKERS PUBLIC COMMENT IS NOW CLOSED.
02:25:01 >> PRESIDENT MELMAN THANK YOU. CHAIR WALTON IN RESPONSE TO THE
02:25:05 NOTE THAT WE DO RESPOND TO PUBLIC COMMENT BUT I SEE MY
02:25:08 STAFF SPEAKING WITH THE COMMENTER AND WE CAN PROVIDE
02:25:11 MORE BACKGROUND TO HIM OR ANYONE ELSE WHO HAS QUESTIONS
02:25:13 ABOUT WHAT'S IN THIS VERY LONG DOCUMENT.
02:25:17 BUT I WOULD LIKE TO MOVE THE AMENDMENTS THAT HAVE BEEN
02:25:20 CIRCULATED BY MY OFFICE AND THAT I HAVE DESCRIBED AS
02:25:24 UPDATED MOST RECENTLY DURING THIS COMMITTEE MEETING WITH AN
02:25:31 EMAIL AT ABOUT 1030. >> MOTION TO YES ON THE MOTION
02:25:36 TO AMEND. VERY SURE.
02:25:39 CHERYL. CHERYL I REMEMBER AMENDMENT II.
02:25:43 MADAM AND I CHAIR WALTON ALL RIGHT.
02:25:44 WELL TONIGHT THAT MOTION PASSES WITHOUT OBJECTION.
02:25:47 >> THANK YOU. MOTION CARRIES PRESENT
02:25:50 AMENDMENT AND THEN I'D LIKE TO MOVE THAT WE CONTINUE THIS
02:25:52 UNTIL THE 29TH. YES.
02:25:57 AND THE MOTION TO CONTINUE THE MATTER AS AMENDED TO JUNE 29TH.
02:26:00 >> VICE CHAIR CHERYL CHERYL I REMEMBER AMENDMENT HI.
02:26:04 MADAM CHAIR WALTON I VOTE TONIGHT.
02:26:08 THAT MOTION PASSES WITHOUT OBJECTION.
02:26:09 THANK YOU. MOTION CARRIES.
02:26:11 >> MR. CLERK DO WE HAVE ANY MORE BUSINESS BEFORE US?
02:26:15 >> THAT COMPLETES THE AGENDA FOR TODAY.
02:26:16 THANK YOU SO MUCH. WE ARE ADJOURNED