It sounds nice, like we're providing housing that's affordable, but actually, the major beneficiary is the property developers. We have no business creating such a public private partnership. And the property developers are getting wildly rich. Actually, There have been people become billionaires off [the Low Income Housing Tax Credit Program]. this program. I think it's an embarrassment. The Republicans actually expanded it. I hope it's something that we can get rid of and save some money. (39:43–39:47)
CLAIM
Asserts that individuals have become billionaires through the Low Income Housing Tax Credit Program.
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