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Firm Intelligence·developer

Hudson Yards

Executives3
Quotes4
ActivityMar 4 – Mar 26
Investment Philosophy

The publicly available information about the commission’s program strongly suggests that unlawful discrimination is occurring and, therefore, warrants investigation. The homeless industrial complex promulgated Housing First, which has repeatedly failed vulnerable Americans. HUD would give allowance to public housing authorities and owners to require those that are receiving housing assistance to meet work requirements, promoting dignity and housing stability.

Strategic Direction

Quotes highlight criticism of existing HUD programs for discrimination and failure in addressing homelessness, while supporting policy shifts toward work requirements in public housing.

There is a pattern of bearish views on the 'homeless industrial complex' and Housing First, contrasted with bullish advocacy for reforms that tie assistance to work and community development.

Recent multifamily deals in Port Chester at a 5.04% cap suggest opportunistic positioning in stable housing assets amid policy uncertainty.

Contrarian View

Diverges from Housing First consensus by criticizing its failures and advocating work requirements in housing programs.

Sector Positioning

public housing

bullish

HUD proposes rules allowing public housing authorities to require work for recipients, promoting dignity and stability.

Recent Deals
$66MMultifamilybuyer

Port Chester Multifamily Project · New York

5.04% cap
$66MMultifamilysponsor

Port Chester Multifamily Project · New York

5.04% cap
Notable Quotes
A

Andrew Hughes

HUD

“The homeless industrial complex promulgated Housing First, which has repeatedly failed vulnerable Americans.”

Industrial
Tier 2
C

Craig Trainor

HUD

“the publicly available information about the commission’s program strongly suggests that unlawful discrimination is occurring and, therefore, warrants investigation.”

S

Scott Turner

HUD

“And last week, we made an announcement of a new proposed rule in Champagne, Illinois, that HUD would give allowance to public housing authorities and owners to require those that are receiving housing assistance to require them to work and or time limits because we believe that work restores dignity, that work builds the family, that work teaches us things whereby we would not learn had we not been working.”

housing assistancework requirementsdignity
S

Scott Turner

HUD

“Well, thank you Rich and uh good evening everyone. I'm I'm happy to be here with you uh honored to be on stage uh with my friend Rich. You know, when I think about this, the first thing I think about is my parents. And a lot of what shaped my view uh was the struggle uh growing up in a household with two loving parents uh but didn't uh they didn't understand and know how to stay married. And so I grew up in uh very u difficult situation uh to say the least. And my parents were divorced. Uh it was a very chaotic situation, violence. Uh but through those things, uh my mother taught me how to have a tremendous faith in the Lord and my father uh taught me how to have a work ethic, a tremendous work ethic.”

housing stabilitycommunity development
Key Themes
  • public housing authorities
  • work requirements
  • housing assistance
  • unlawful discrimination
  • homeless industrial complex
Market Views

Champaign, Illinois

bullish

Announcement of new proposed HUD rule allowing work requirements for housing recipients.

Topics Discussed
Industrialhousing assistancework requirementsdignityhousing stabilitycommunity development

Deal Network

Network building — connections appear as more deals are tracked

Sentiment Trajectory

Tracking since Mar 1 — trajectory builds over time

Activity Snapshots

Mar 1

2

deals

Apr 1

2

deals

End of Firm Intelligence · 4 Quotes · 3 Executives