Thank you, witnesses, for your time.
I want to talk about something different.
In listening to both of you, the three things that I see as the biggest problems are the amount of time permitting at the city level takes, the development cost charges, which are compounding at $80,000 or $90,000 per unit, and the financing of these projects. In the mid-1970s, the interest rate was 10%, 12% or 13% for years and years.
Why are those issues a problem? Do we need to find a different way of doing development cost charges so municipalities are not burdened with this?
I just want to see a solution where housing affordability becomes a reality.