Watch Mayor Newsom's latest video update on Youtube about the most relevant issues in San Francisco. In this segment the Mayor Newsom talks about the City's projected budget woes and the future of Treasure Island.
16 posts from December 2009
12/17/09 – Mayor Gavin Newsom and Treasurer José Cisneros today announced the launch of Payday Plus SF, an alternative payday loan offered by six San Francisco Credit Unions that will provide responsible small dollar loans of up to $500, with low interest rates, financial counseling, and an extended repayment term. The program is designed to help San Franciscans avoid high-interest rate payday loans that often trap borrowers in a cycle of debt.
For-profit payday lenders may charge annual interest rates of over 400%, and the industry relies for 90 percent of their revenue on borrowers who repeatedly renew or re-open their payday loans. As a result, the typical borrower usually pays around $500 in interest for a $300 loan, and still owes the principal, according to the Center for Responsible Lending. Read more
12/16/09 – Secretary of the Navy Ray Mabus and San Francisco Mayor Gavin Newsom announced today that they had reached a broad outline of terms for the conveyance of former Naval Station Treasure Island from the Navy to the City’s Treasure Island Development Authority. The terms of the agreement include a guaranteed payment to the Navy of $55M followed by an interim payment of another $50M, plus an additional share of potential further profits. The agreement also requires the inclusion of transactional protections customary in the private sector for these types of transactions. Specifics of the deal will be worked out as quickly as possible. Read more
- When: Tuesday, December 22, 2009 10:00am-7:00pm
- Where: Bill Graham Civic Auditorium; 99 Grove Street in Civic Center Plaza
- Who Can Attend: Any San Francisco resident in one of the high-risk priority groups listed below:
- Pregnant women
- All people from 6 months through 24 years of age
- People who live with or provide care for infants less than 6 months of age
- Health care and emergency responders with direct patient contact
- Adults ages 25-64 with medical conditions that put them at risk for complications from influenza (heart, lung or kidney disease, asthma, diabetes, or weakened immune system)
- Children less than 10 years old needing their second dose of H1N1 vaccine (first dose of vaccine must have been received before December 1st)
- Cost: Free