Posted on 08/18/2015 2:14:08 PM PDT by 2ndDivisionVet
A family of four in New York City makes $497,911 a year but pays $1,574 a month to live in public housing in a three-bedroom apartment subsidized by taxpayers.
In Los Angeles, a family of five thats lived in public housing since 1974 made $204,784 last year but paid $1,091 for a four-bedroom apartment. And a tenant with assets worth $1.6 million including stocks, real estate and retirement accounts last year paid $300 for a one-bedroom apartment in public housing in Oxford, Neb.
In a new report, the watchdog for the Department of Housing and Urban Development describes these and more than 25,000 other over income families earning more than the maximum income for government-subsidized housing as an egregious abuse of the system. While the family in New York with an annual income of almost $500,000 raked in $790,500 in rental income on its real estate holdings in recent years, more than 300,000 families that really qualify for public housing lingered on waiting lists, auditors found....
(Excerpt) Read more at msn.com ...
Moochers fibbing? DUH.
Fibbing? No, they’re not fibbing. Once you get into the HUD program, there is no limit to how much money you can make and still live in public housing. It’s not the same as Section 8. The idiocy here is that HUD refuses to evict any of these people as long as they are ‘good tenants.’
There shouldn’t be BE a Department of Housing and Urban Development.
You can't expect all this growth to come from illegal aliens dropping anchor babies, can you?
What’s wrong with that?
Aren’t they on entitlements? If so, they are entitled to live in those beautiful shacks and ghettos.
Furthermore, what they make as income is private information and if publicly disclosed will be cause for a racial lawsuit.
It’s a good feeling knowing that because of your tax payments the “poor” have a place to live.
/Sarc
Hey, why not? The goal of the Welfare State is to take from some and give to others. No rhyme or reason behind it anymore. Besides, those greedy rich bastards making six figures can afford to subsidize these poor families . . . . oh, wait a minute . . . .
what happened to the income restrictions for HUD tenants??
Let ‘em stay. Bring down the whole NYC POS system.
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