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Moments for “affordable housing

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  1. Randy Johnsonat 40:00

    …for that. These guys are you know, they need to heal. Yeah. and and some of them may never heal. Yeah. You know, but the least we can do is get them housing. Yeah. That is the very least, you know, and I think the whole affordable housing model is absolutely broken. I mean, the the VA, I mean, the you know, when they do these deals with the affordable housing developers for the permanent support of housing, they're they're it's like a million bucks a unit for on a ground lease, you know, and you're kind of going,…

  2. Randy Johnsonat 41:13

    You know, so and the other part is just the capital stack. The capital stack is you got like six sources, you know, of of different layers of capital for these affordable housing deals. So, it's like a game with the developers where they piece together these these grants and tax credits and the bond financing and the ching ching ching ching. I mean, it's it's it's broken. And the ULA tax, God almighty, it's brutal.

  3. Randy Johnsonat 24:14

    …but it's the world's changing, you know, and I think that part was a very good condition. But we had other we had the first phase we had 15% was affordable. Third of that very low, third low, third mod. And then we had another interesting concept. And, you know, one of the things that's going on right now with housing is that you've got this missing middle where the all of the housing it just seems it it's for people that can pay four or five dollars a foot for rents or paying 800 to 1200 a foot for, you know,…