Is anyone with section 8 or other similar programs nervous about a funding freeze?

[Joseph Hammel]

With all the uncertainty about budget cuts, DOGE ect is anyone concerned that subsidized housing could be in danger? I have about 20% of our portfolio getting some kind of support. Most of them are 100% paid by some program. They were close to not knowing if they could pay some of the Feb checks but that was put on hold. I know that if everything was cut it would be catastrophic for the market and investors. At the same time I feel like some of the market rents they are willing to pay are over what is realistic and may be contributing to inflating the broader market. We shoot for the top rent because of all the extra paperwork and other headache the clients usually bring.