I was a freshman in college in 2002.
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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Doesn't work out then the developer just won't do it and you get no units of any kind. http://www.socketsite.com/archives/2017/05/new-plans-for-a-12-story-300-room-central-soma-hotel.html …
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