The document discusses different development strategies for public housing and Section 8 projects, including acquisition-rehab, new construction, and adaptive reuse. It provides a case study of an acquisition-rehab project in Orlando, Florida called Bonita Fountains/Eaglewood Apartments. The property was acquired for $27.5 million and redeveloped for $58,601 per unit including environmental cleanup and new infrastructure. The financing strategy included construction/permanent loans, equity, tax credits, and future material sales tax savings. The document also discusses strategies for finding and evaluating bank-owned real estate (REOs), including where to search, issues to consider, and conducting trend and valuation analyses.