The federal government spends upwards of $100 billion per year on housing subsidies spread across numerous departments, including the Department of Housing and Urban Development, the Treasury Department (including the low-income housing tax credit, or LIHTC, historic, and energy tax credits), and the Department of Agriculture (rural housing subsidies), to name the largest.
These programs and their predecessors have existed for decades, yet there has never been a comprehensive, governmentwide forensic audit to determine where this money goes, whether it improves housing outcomes, or to identify “waste, fraud, and abuse.”
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