(Wisconsin) Congressman Glenn Grothman is doubling down on his call to end the Low-Income Housing Tax Credit following an investigative piece by the Washington Post.
The article reports that the program is enriching developers, banks, and lawyers while failing to effectively help the low-income Americans it was meant to serve. Grothman says projects built with the program’s subsidies can cost up to $1.3-million-dollars per unit in Washington, D.C. Far more than the average market-rate home in the city.
The federal lawmaker from Glenbeulah says these units aren’t modest, often including extravagant amenities in some of D.C.’s most affluent neighborhoods, and they’re mostly funded by taxpayer dollars.
Grothman says he introduced the Low-Income Housing Tax Credit Elimination Act to shut down the broken program.
