Genuine question: what is the non municipal bond approach on the table?
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Right. And it’s also that - to the extent that section 9 is not very flexible and bars you from getting other types of subsidies - maybe it puts us in a politically stronger position if there is a way to stay public, but be funded through section 8.
Dems don’t like funding section 9 not just for ideological reasons (though there are plenty) but because it’s political loser: big lift to bring Rs to table, no delivery for their district (it’s really mostly concentrated in NY)
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So one argument for the preservation trust is that by keeping NYCHA public but creating a workaround that makes the agency eligible for section 8 funding streams, we strengthen our hand politically both in DC and in Albany.
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