mean there's that there's more unique financing structures like where we do tax credits so we do affordable housing we we don't do a lot of that but we've done we've done it um you know there's always there's always unique structures that we're working on we're always exploring what's new out there um new on the financing side on on um the building side you know we we we haven't actually built a modular project um in the past 10 years I mean there was one that was built a long long time ago but that's not really…
affordable housing yeah what's the story with Noah what's what's I I keep hearing that more and more and I wanted to ask you too on where you think the future of multif family existing in development is because it seems like the more and more that people are thinking about what's next it's affordable it's uh you know Section 8 it's it's tax credits it's these things that are pushing the Divide from the wealthy and the not as wealthy because we're having this housing housing shortage and so where do you think the…
is headed it's a great question um I the question is where right so the political headwinds in California are certainly in the direction of more housing is good but at the same time certain parts of California there's definitely a perspective that all housing should be affordable housing and there's a fundamental misunderstanding of supply and demand um and how rents work and it's which is amazing in today's day and age because you could literally look at 20 different cities of examples of Austin to all the other…
…whatever they want um there's no such thing I mean any sort of byright zoning um any sort of like density bonus like state state law that is allows affordable housing to be built which is literally one of the two mandates in the coastal commission it is not applicable in coastal commission as a byright process like the mafia you can do it you can do it they won't tell you you can't do it you're welcome to do it but doing it doesn't give you what the only reason to do it which is SQL exemptions and SQL streamlining…