Quote Originally Posted by Richard View Post
He is a politician that is up for reelection,if that line is followed then growth is limited to HUD and local taxpayers,when those funds run out then development stops.

No private investor is going to self fund a project and take a 20% bath.
Capital only cares about the final numbers and the project as a whole.

20% percent of units can lose X amount as long as the other 80% covers that X loss and a sufficient return on the investment.

Money has no political ideology, it simply seeks a net positive return wherever it can find it. This simple fact has always been a large pain in the ass for folks that think their ideology is the single most important issue. Coincidently these people are from both the far right and the left.