Thank you, Chair.
I want to thank you for being here today.
We know that to restore housing affordability, we need housing supply, including housing supply dedicated to low-income households. The need for housing supply is very clear, but the reality is that housing starts across the country are down 9% year over year, and multi-unit starts in particular are down 11%.
Mr. Sullivan, I was wondering if you could confirm what you said in your opening remarks about investment in affordable housing creating over 400,000 units.