Thank you.
Yes, the funding will help. We do need new supply. Previous speakers have spoken about that. We need more housing, but we need more affordable housing, so a firm commitment of the funding that we can rely on, that we can do pro forma and not have to change over a six-year period, would be most helpful.
I do want to applaud one of the most recent initiatives: the rental protection funding that is coming out. That can be used for acquisitions, because building new is very expensive. However, if we can use that funding to purchase existing buildings and convert them to affordables or retain their affordable rents, that will help to increase the supply as well—not the overall supply of rentals but of affordable rentals.