First of all, the low income housing tax credit doesn't really benefit a lot of low income people. But in any event, the way it. Works, We give 70% of the cost of a developer's project to him in tax credits. 70%. That seems a strange way to solve. The housing crisis in this country. For a Democrat. It's even stranger for a Republican. Even, even stranger for a Republican. (00:27–00:37)
CLAIM
Asserts that 70% of a developer's project cost is covered by tax credits.
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