The statement is presented as a quote attributed to the Biden administration, but there is no verifiable evidence that the administration ever said it would take 90 years to recover upfront costs for any policy. Without a specific source or context confirming this claim was actually made by the Biden administration, the statement appears to be a misrepresentation or fabrication, making it likely FALSE, though confidence is limited by lack of detailed context about which specific policy is being referenced.

The statement attributes a quote to Scott Turner as HUD Secretary on a future date (2026-04-30) that has not occurred, and there is no verifiable record of the Biden administration claiming upfront costs would be recoverable in 90 years for any major policy. Thus the claim is unfounded.

There is no verifiable record of any Biden administration official making a statement about upfront costs being recoverable only after 90 years; the quote appears to be fabricated or taken out of context.