Matt Mahan

Yeah, I think we're going to need... We've touched on financing tools.

And as you all probably know, during the Great Recession, redevelopment went away in California.

And I think that what redevelopment offered was this...

tax increment financing, meaning you could project future property tax increases, the increment, and then pull that value forward and bond against it to make local upgrades.

And I think we need to revisit having that tool in a limited fashion.

I think some cities and counties got into trouble and racked up big debts.

And so there need to be guardrails.

But that is a way to

for cities to build the infrastructure that they need without having to put all of that incremental cost on each new project upfront.

And I think it's a mechanism that could be used to unlock more affordable housing, more of the horizontal upgrades that would enable cities and counties to see the fiscal benefits of building housing faster.

It's a great question.

And, you know, I'm actually going to start not on interim housing because I think Katie's description of prevention was right on.

And we have partnered with our county and a local nonprofit called Destination Home, who you know, that's the model.

We created arguably the nation's leading prevention model.

And Notre Dame University studied it and showed that

up to, I think the longitudinal data was maybe three or four years by the time they did the study, over 92% of households who were helped with one-time rental assistance, paired, by the way, the one thing I would just add is the importance of the case management, really supporting someone and helping them bridge past the job loss, the health issue, the unexpected debt that came along, the cars that broke down, whatever it is.

Really, over 92% remain housed and don't need ongoing public subsidy.

It's incredible.

So it is very cost-effective, and we've reduced inflow by 50% as it related to those subsidies.

who are coming off of our streets, we're getting to a point where with enough supply of interim housing, we can get to functional zero unsheltered homelessness, which has been my biggest focus, has been to say, you started, Ezra, with, well, where did all the money go effectively?