Tbh when you guys get mad at Mark Leno about imposing 12% in like, 2002, it's frankly hard to take your commitment to IZ seriously. But OK.
Money doesn't come from nowhere. Ideally it comes out of the initial land acquisition costs but you have to buy the land owner
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Out of whatever pre-existing cash flows there are on the property. Or it gets tacked onto the market rate units and makes them more
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Expensive than they would otherwise be. And if the margin between the land acq costs, construction, interest rates, final rents, sale price
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