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Brilyn Hollyhand’s family made their wealth from LIHTC subsidies
Posted on 9/29/25 at 7:51 am
Posted on 9/29/25 at 7:51 am
His family is part of the federal tax credit grift for low-income housing. The LIHTC is not well known to the public and not mentioned often but it is 100% waste and a wealth transfer.
BTW, for a certain number of years, thanks to Obama, these developments had to be put in the middle of newly developed neighborhoods even if the average houses in that area were/are going to be $500k+. So thanks to Obama and people like this, you now have low-income crime in the suburbs.
quote:
LIHTC
1. What It Is
The LIHTC is the main federal program in the U.S. that encourages private developers to build affordable rental housing.
Instead of direct government spending, it uses the tax code: developers get tax credits they can sell to investors, which raises cash to fund construction.
2. How It Works
Step 1: Allocation of credits
The federal government gives each state a set amount of tax credits every year (based on population).
State housing agencies then run a competitive process where developers apply for credits by proposing projects that meet local affordable housing needs.
Step 2: Developers receive an award
If a developer is awarded credits, they don’t just keep them.
Instead, they usually sell the credits to investors (like banks or corporations).
Step 3: Equity financing
The investors pay the developer cash up front in exchange for the right to use the credits to reduce their federal taxes over 10 years.
That cash becomes equity in the project, meaning the developer doesn’t have to borrow as much. Lower debt = lower rents.
Step 4: Rent restrictions
In return, the developer must agree to cap rents and reserve units for low-income tenants, usually:
At least 20% of units for households at 50% of area median income (AMI), or
At least 40% of units for households at 60% of AMI.
These affordability requirements last at least 30 years.
3. Two Types of LIHTC
9% Credits: More competitive, cover a bigger share of project costs. Usually for new construction.
4% Credits: Cover a smaller share, but easier to get. Often paired with tax-exempt bonds.
4. Why It Works
Affordable housing projects often don’t “pencil out” financially because restricted rents aren’t high enough to cover loan payments.
By giving developers equity from selling credits, the program fills that gap.
Investors like them because they get a steady stream of tax benefits, and often Community Reinvestment Act (CRA) credit.
Example in numbers:
A project costs $10 million.
Developer gets $7 million in LIHTCs.
Investors buy those credits for $0.90 on the dollar, giving the developer about $6.3 million in cash.
Now the developer only needs to borrow $3.7 million instead of the full $10 million, meaning rents can stay affordable while covering costs.
Affordability Period
The program requires that the units remain affordable for at least 30 years.
After that period, owners can sometimes convert them to market-rate housing, though many states add requirements or extend affordability
BTW, for a certain number of years, thanks to Obama, these developments had to be put in the middle of newly developed neighborhoods even if the average houses in that area were/are going to be $500k+. So thanks to Obama and people like this, you now have low-income crime in the suburbs.
This post was edited on 9/29/25 at 8:01 am
11
Posted on 9/29/25 at 7:51 am to stout
In his X post about this controversy, he claims not to be GOPe and is fully MAGA but you can't be MAGA while your family continues to build wealth off of subsidized programs.
Loading Twitter/X Embed...
If tweet fails to load, click here. quote:
Happy Sunday! I wanted to sit down for a second to introduce myself and provide receipts for all of the people who are rightfully cautious in a moment like this!
It’s ok if you haven’t seen me before this week, but I’m definitely not a new comer. I started my podcast in the 4th grade at 11 years old.
Charlie and Candace were two of my first ever guests. They were speaking at a local campus together and for some reason took a chance on me.
Charlie and I exchanged numbers afterwards and have stayed friends, texting just before the assassination because he took the time to congratulate me on an accomplishment when he definitely didn’t have to take the time to.
He came on my podcast a second time just a few years ago. Last year, at the RNC we met up and had a conversation where he encouraged me to start speaking at TPUSA chapters. I had no experience and was nervous but he said they needed more students speaking to students and I would learn as I go but he believed in me. I did that tour last year, and that’s why I’m speaking at TPUSA chapters again. Because he inspired me. The TPUSA chapters are doing amazing, and TPUSA and their Tours team and local reps are impressing the world as they keep seamlessly pulling off adding more and more chapters.
I went from podcasting to national politics a little more in 2023 because I called out the RINOS at the RNC at the time and begged that we not go back to the neocon Bush days but instead clean house and make it MAGA. I endorsed Harmeet for Chair. Sadly she lost but she and others helped me get to still be a part of that cleaning house conversation by building the first of its kind youth council for the 2024 election.
I’m doing this tour now to try to motivate young people. I’m getting nothing but hate from it. No paycheck or speaking fee or anything like that. We’re not selling anything. I’m just walking in and talking and trying to show them if I can get involved in the 4th grade they can to!
As for other concerns, for any nosey people I’m a Baptist, which is where I went to church this morning, like I have every Sunday for the past 19 years. Jesus is King - always has been always will be!
And do a little research before believing anything random trolls claim. My family has only ever donated to local politicians. Just like every businessman in America. If you think supporting a city councilor gets me to where I am today, you’re sadly mistaken.
Finally, I said this to the NY Post but everybody just read the headline and not the article. I’m not Charlie. I’ll never be Charlie, and I don’t want to be Charlie. I can’t! He was 1 of 1. I’m Brilyn, and if I seem eager it’s because I am. I watched the guy I looked up to get shot. And I’m determined to make sure he didn’t die in vain and inspire my peers to carry out his legacy.
This is all God. I didn’t work hard enough for it. Nobody bought it for me. This is impossible in any other scenario without God. I’m legitimately making $0.00. TV hits don’t make money. Campus speeches don’t make money. This overseas money that’s “tied to me” hasn’t hit my account yet or I wouldn’t be at college working so hard on a degree!
It’s ok to be cautious. I’m not even asking you to support me! I just wanted to share that we’re on the same side, and like Charlie always encouraged me I’m going to keep going “onward” and he always liked to sign texts. I hope you’re with me. If you’re not, it’s ok. But it’s certainly not gonna stop me.
Posted on 9/29/25 at 7:53 am to stout
Slum lord parents
Bet this kid is all about the "race is only skin deep" talking point
Bet this kid is all about the "race is only skin deep" talking point
Posted on 9/29/25 at 7:54 am to stout
Not gonna lie, I invested in construction of an apartment complex that got these subsidies and it was a very nice 100% return on my investment in 4 years.
Easy money if your investment guy has an in on one.
Shady but if govt is wasting money I might as well get some of my tax money back from them
Easy money if your investment guy has an in on one.
Shady but if govt is wasting money I might as well get some of my tax money back from them
This post was edited on 9/29/25 at 7:55 am
Posted on 9/29/25 at 7:55 am to stout
This post was edited on 9/29/25 at 8:04 am
Posted on 9/29/25 at 7:56 am to goldennugget
I don't have a problem with him turning college kids to the right, but he reeks of a young neocon/chamber of commerce type, despite his claims that he opposed Ronna. And his Israel worship is nauseating.
Posted on 9/29/25 at 7:56 am to Cosmo
Yes, I was once involved in a LIHTC project years ago after Hurricane Rita as a builder, not an investor but I saw the numbers. The ROI is amazing because of the subsidies, just like the ROI on all welfare is amazing due to how little skin and effort you have to put into it
Posted on 9/29/25 at 7:57 am to stout
Everything about this kid is a red flag. It's somewhat reassuring that there has been a rapid and forceful pushback against him. I hope it continues and he goes away. He is absolutely not the one.
Posted on 9/29/25 at 8:00 am to coolpapaboze
Charlie's gift was he could go into the lion's den and talk to college kids without coming off as a scumbag. This guy is like an Alex P. Keaton caricature.
Posted on 9/29/25 at 8:02 am to stout
quote:
The LIHTC is not well known to the public and not mentioned often but it is 100% waste and a wealth transfer.
The richest family I know personally made their money this way (well, the dad did) and they're probably in the few hundred millions worth range. And the dad wasn't some impressive go-getter, he wasn't bright, but he found the right racket.
Posted on 9/29/25 at 8:02 am to stout
This kid is a fake/plant.
Additionally, he seems like a little bitch.
Not who we need.
Additionally, he seems like a little bitch.
Not who we need.
Posted on 9/29/25 at 8:05 am to Bunk Moreland
Charlie didn't come from a wealthy family and lived in a basement while building TPUSA. It was his passion and he lived it.
Trump's gift is that, despite his wealth, he can still be sympathetic and compassionate towards the average American.
This kid is starting on 3rd base in life and has zero perspective on what an average college kid's life is like, so it's going to be impossible for him to be authentic or sympathetic to them.
He is also choosing to springboard himself using Charlie's death, which is upsetting to everyone. He was on Fox News one hour after Charlie passed, smiling ear to ear and self-promoting.
Trump's gift is that, despite his wealth, he can still be sympathetic and compassionate towards the average American.
This kid is starting on 3rd base in life and has zero perspective on what an average college kid's life is like, so it's going to be impossible for him to be authentic or sympathetic to them.
He is also choosing to springboard himself using Charlie's death, which is upsetting to everyone. He was on Fox News one hour after Charlie passed, smiling ear to ear and self-promoting.
Posted on 9/29/25 at 8:09 am to Cosmo
quote:Lots of folks on the take use this justification. fricking embarrassing.
Easy money if your investment guy has an in on one. Shady but if govt is wasting money I might as well get some of my tax money back from them
Posted on 9/29/25 at 8:09 am to Bunk Moreland
There's no way this guy goes to a college campus and speaks to a bunch of kids who are either of the left or undecided and he persuades them to see the conservative viewpoint. Absolutely zero chance of that happening. He is instantly unlikeable even to people who agree with him, and that seems like a problem.
Posted on 9/29/25 at 8:09 am to coolpapaboze
quote:
Everything about this kid is a red flag. It's somewhat reassuring that there has been a rapid and forceful pushback against him. I hope it continues and he goes away. He is absolutely not the one.
The GOP donor class cannot be government program grifters. They need to all be kicked out of the movement along with their offspring.
Kids like this have no place in the right. They can stay out of the way or find their own wing that will allow them to buy influence.
Im so sick of the trust fund kid industry.
Ben Affleck/Garner daughter at the UN, Keith Ellisons son grifting money from the city council while not even living in the city.
Hunter Biden/Christopher Heinz
Alex Soros
Mikhaila Peterson
Etc. Etc.
Im just so sick of the grifting trash.
Posted on 9/29/25 at 8:11 am to stout
I watched a couple of clips Brilyn Hollyhand this weekend. The guy comes off as a pre-teen Lindsay Graham. LOL at him being CK's replacement. What Harry Sisson is to the left, this kid Brilyn Hollyhand is to the right.
So inorganic.
So inorganic.
Posted on 9/29/25 at 8:13 am to GumboPot
quote:Thought the exact same thing.
The guy comes off as a pre-teen Lindsay Graham.
Posted on 9/29/25 at 8:13 am to tiggerthetooth
quote:
The GOP donor class cannot be government program grifters.
Correct, because profit will always drive their policy preferences. The family I talked about are all huge Dems, even though at a personal level their values aren't that different from mine. Everything about them seems conservative until you found out where the fortune came from.
Posted on 9/29/25 at 8:16 am to stout
I’ve helped clients on LIHTC deals in the past. If someone can afford the upfront capital cost and holding period, it’s pretty much free money over a period of 10+ years. It’s crazy how it works.
Posted on 9/29/25 at 10:04 am to stout
quote:
you can't be MAGA while your family continues to build wealth off of subsidized programs.
This isn't true. I don't know about this Brilyn dude, but I'm as MAGA as they come and I used the Low Income Housing Tax Credit to build wealth.
I was as broke as they come at one point. My wife was in multi-family property management, so she knew the industry. Some people we knew were wanting to invest in multi-family housing (apartment complexes). However, they wanted to get into Tax Credit properties but couldn't find anyone that knew how the program works. So, we researched it and became experts. It's a very cumbersome process and filled with government logjams, so most investors don't have the time or expertise to figure it out. We were able to build this knowledge into a small investment percentage of a property at first and then continued to expand and grow it.
The up side to this is that it provides families with low income a good place to live. This is not section 8, which is free housing. This is tax credits only, so no money is given to us from tax payers. It also provides incentives for wealthy individuals to invest in the housing market for the promise of paying less in taxes on this investment than on other types of investments. It also gave a path for someone like me, willing to learn how a complex program works, to build a future for his family.
The downside is that a majority of the people this program is designed to help don't appreciate it and destroy everything in the apartment before they leave or are kicked out. So, like anything else in life, there are good things and bad things about it.
/rant
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