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Neural Foundry's avatar

Really sharp analysis of the fiscal contradiction here. The NYHC finding that half of subsidized units are underwater basically means the nonprofit model is running on fumes, yet COPA wants to channel even more distressed assets into the same undercapitalized sector. What strikes me is how the $1 billion rescue number probably undercounts ongoing operational shortfals once rents stay frozen and maintenance compounds. It's like doubling down on a system that the data already shows can't sustain itself.

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