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jhc412 t1_jde1pqu wrote

I don't agree with the concern that this company is going to come in and turn the units over market rate in the short term future. Their HUD contracts don't expire until 2029-2044.

I am shocked that HUD would approve the sale to this private equity firm that just started operations 3 years ago. They usually approve large sales like this to companies that have experience and history with low-income properties.

The good thing is that ARCHO is getting out of the affordable housing business because they were a dumpster fire of an organization.

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412gage t1_jdehnx3 wrote

The new firm probably added housing management consultants with LIHTC experience to their paperwork "promised" to subcontract MWVBE entities.

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dlppgh t1_jde8ug1 wrote

Imagine the mess that Ben Carson created at HUD during his brief tenure.

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