I think the great thing about it is that it's not one and done, right? The problem I have with all the old subsidy models is that you spend the dollar, but you never get the dollar back. In this model, the money is recycled. It's not a grant. It's not a subsidy. It's an investment. That money comes back over time. The capital has to be patient in order for it to work, and then it gets recycled into the next affordable housing project. To me, that's the magic in the equation.
On February 17th, 2017. See this statement in context.