Anyone know the names of the funds that Lee claims to manage?

Board collected those funds and put them in Operating instead of Reserves.

@Bhushan Shinkre  I am wondering if the fund removal can be reported as credit card fraud.

When dealing with federal, state, and local NOFA (notice of funds availabilities), do government funds allocated for affordable housing often get depleted from too many developers requesting funds for new projects?

I personally leverage, but have a large rainy day fund. 

Absolutely you can, I rolled over my IRA into a fund making double-digit returns. 

The bigger concern I would have is low pressure due to blocked pipes, especially to the bathrooms.

As a builder, I target about 15-20% profit per build ($500k-800k price range, low-mid in my area).

Is this location within their sphere of competency or ability to low cost manage?

Quote from @Arshiya Taami: Quote from @Brandon Croucier: You have 600,000 problems.Bridge lenders (HML) Want low LTV (65% Max Typically).