Blackstone (BX) works all the angles in $5B affordable housing takeover. Check the inforgraphic in this Financial Times story. Comments??
[https://www.ft.com/content/3a60c15a-da53-45be-b246-a3f1288d5034](https://www.ft.com/content/3a60c15a-da53-45be-b246-a3f1288d5034)
[{"id": "hapluuc", "text": "This has a paywall can\u2019t see anything.", "replies": [{"id": "haprrp5", "text": "I didn't have a problem seeing the text and chart. I do not subscribe.", "replies": [], "depth": 2}, {"id": "hapsikf", "text": "I didn't have a problem accessing it. I am not a subscriber", "replies": [], "depth": 2}, {"id": "haqcrgu", "text": "I'm able to view it just fine...", "replies": [], "depth": 2}], "depth": 1}, {"id": "haqck0m", "text": "Paywall, cant see", "replies": [], "depth": 1}, {"id": "haqlvtk", "text": "[without paywall](https://archive.is/GGfck)", "replies": [], "depth": 1}, {"id": "harbisc", "text": "This article covers the issue very well.\n\nInfografic is accurate.\n\nThe disputes at year 15 between the tax credit investors and the developers are at a fever pitch and there is overwhelming demand for year 15 properties these days.\n\nLIHTC (Section 42) is widely regarded as the most successful public / private partnership ever devised.\n\nThe primary approach to solve the issue is to re-syndicate the project at year 15 with 4% credits and use the tax credit purchase funds to do the roofs, HVAC, Interior rehab etc.  This keeps it in the program benefiting the residents, gets you a like new property, and the tax credit investors get a fresh round of tax credits. Everyone is reasonably happy.", "replies": [], "depth": 1}]