[rdcbn1]

Where is the money coming from?

[Thunder90]

HUD grants and other Federal and State housing programs.

[RoosterRedux]

It appears that Blackrock is going to put all this real estate in an ETF and sell it to the public. At this point, we can only gather that it will be a mixture of home resales and rentals.

Like all ETF's, Blackrock as the "sponsor/manager" will get a fee, but the ownership (and profits derived from such ownership) is(are) divided up among the owners of the ETF.

Whether this ETF will be structured with a cash payout or an accumulation and reinvestment of capital hasn't (to my knowledge) been released yet.