From the you can’t make this stuff up file …
A recent HUD IG report identified “families earning more than the maximum income for government-subsidized housing as an egregious abuse of the system. “
Some examples in the Washington Post:
- A New York City family making $497,911 a year pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers.
- A tenant with assets worth $1.6 million — including stocks, real estate and retirement accounts — pays $300 for a one-bedroom apartment in public housing in Oxford, Neb.
These are extreme cases, but they’re not alone: about 2.5% of the 1.1 million families in the country who live in public housing have incomes over the HUD maximums.
So, why is this happening and what is HUD doing about it?
The Homa Files 