Vanessa Brown Calder for Cato at Liberty: Department of Housing and Urban Development Secretary Ben Carson tweeted that “the Low-Income Housing Tax Credit [LIHTC] is one of the most effective tools we have to create affordable housing.”…
That is high praise for a program known for expense, complexity, lack of oversight and abuse. The low-income housing tax credit is arguably one of the most inefficient housing subsidy programs that the federal government administers. …
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