Wednesday, March 2, 2011

BOMA San Francisco Government and Public Affairs Committee Meeting - Economic and Workforce Development Update

BOMA San Francisco Members:

Michael Yarne, a Development Advisor with the Mayor's Office of Economic and Workforce Development  (MOEWD) in San Francisco, spoke to the BOMA San Francisco Government and Public Affairs Committee on March 2, 2011.

The MOEWD's stated mission includes "enhancing San Francisco's economic vitality. MOEWD oversees activities and programs related to business attraction and retention, workforce development, international business, development planning, and neighborhood commercial revitalization. OEWD’s programs are responsible for . .  . creating a business climate where companies can grow and prosper"

In his presentation today, Michael discussed various past achievements and future legislative endeavors that are intended to foster economic development and needed smart growth, while at the same time preserving important San Francisco values and programs.  Many of the proposals involve creative mechanisms to allow developers to defer or finance certain impact and development fees so that projects can be financed and proceed and in ways that create a more even and balanced long term source of revenue for the City.

Discussion topics covered in Michael’s speech today on Mayor Lee’s Real Estate Development Reform Agenda included:
  • Economic issues regarding residential construction and job loss impact
  • Benefits of reducing the lag time in starting construction project and the constraints therein
  • Key Reform measures
    • Development Impact Fee Reform & Deferral Program
    • Pilot Infrastructure Financing District (IFD) for Rincon Hill
    • Citywide Policies Guiding Future Use of IFDs
    • Affordable Housing Transfer Fee Program
    • Citywide Mello-Roos Community Facilities District (CFD)
    • Local CEQA Reform
    • Green Development Agreements
    • Citywide CEQA Transportation Mitigation Fee
BOMA San Francisco would like to thank Michael for his time and we look forward to working with the MOEWD on issues of mutual concern in the future.

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