The they get the benefit of the tax losses that flow from the projects and they get the benefit potentially in 15 or 30 years from selling the buildings and getting a capital gain. My God, you mean 70% of the building is paid for by the government, but the developers and the syndicates are the ones who wind up owning it. That's right. The investors own it. The 9% credit gives a 70%, covers 70% of the cost of construction. And again, that's only part of the. The tax benefit that the investors get. (02:28–02:36)
CLAIM
Asserts that government funds cover 70% of building costs, yet developers own the buildings.
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