Alex Nunez
speaker
7,337 appearances
30 recordings
2 series
first heard Oct 2023
last heard 19 Aug
Alex Nunez’s voice in public audio — every appearance, attributed to the second.
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Appearances
thanks so actually we do have a number for you um since the project oh sorry since the bmr ordinance was the program was implemented in 1999 the city's received 118 million dollars in fees thank you in in general how are those fees used and what's the decision-making process behind that
Well, our fees are used in a number of different ways.
Most of it, I'd say the lion's share of it, is loans to developers for affordable housing projects.
We do have other things that are drawn down from, like staff costs.
We have other programs, like some of our...
What do you call it?
I'm sorry, I'm struggling with my words right now.
Other housing programs, such as we're looking at the low and middle income home ownership strategy, that we could potentially fund some of the acquisition preservation projects that we are implementing through... Wait, I think, Wayne, you may...
to be able to speak to that $4 million that we had allocated towards acquisition preservation,
Thank you, it's great to have the context of the size and scale of this program.
All right, thanks, Commissioner Pham.
Commissioner Subramanian.
Thank you, Chair.
Thank you to my colleagues for asking some of the questions.
Certainly helped to clarify it.
I understand that at the directive of the council, the intent is to remove the in lieu fees going forward and to replace it with these other alternate compliance.
So it's actually interesting to hear about the context of how much in lieu fees has been drawn in over the years.
And from my understanding, I understand that in combination with the impact fees that are drawn in,
go to serve the city's sources of providing gap financing for many affordable housing projects.
So I'm a little struck by the fact that we are going forward and I wondered if there was a thought about how some of that financing which might have been received through in lieu will be now offset through other sources.
Showing 1681–1700 of 7,337 · page 85 of 367
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