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Marc Menowitzat 4:52

that's 40% of it's affordable housing and 60% of it is conventional housing. Capital A affordable. Like LIHTC LIHTC, Section 8.

Marc Menowitzat 9:13

It's based on a uh arbitrage that we do between the affordable housing rents going from Section 42 to Section 8.

Marc Menowitzat 11:26

And that just doesn't make sense for No, and it's all tenant favored, so you know, no matter what you do, the tenant's always right. So, it it's it I wouldn't invest a dime here. The only advantage investing in the state of California is is you don't pay property tax on affordable housing.

Taylor Avakianat 51:31

affordable housing. Interesting.