Posted on 08/18/2015 10:02:57 AM PDT by boycott
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 that’s 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.
But HUD has no plans to kick these families out, because its policy doesn’t require over-income tenants to leave, the agency’s inspector general found. In fact, it encourages them to stay in public housing.
“Since regulations and policies did not require housing authorities to evict over income families or require them to find housing in the unassisted market, [they] continued to reside in public housing units,” investigators for Inspector General David Montoya wrote.
(Excerpt) Read more at washingtonpost.com ...
The housing authorities like them, because they pay higher rents and don’t make trouble. I would think they could charge them a bit more, however.
What's probably happening is they are subletting the property to someone else and generating even more fraudulent revenue.
Every day, every hour, almost every minute and second another fiasco is discovered based in Potomac City.
The housing authorities like them, because they pay higher rents and don’t make trouble. I would think they could charge them a bit more, however.
Not what the article says.
Much better tenants than those scruffy poor people.
“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.”
I wonder what the head of the household does for a living.
Not all the SECTION 8 HOUSING is in the ghetto.
They’re going more into middle and upper middle class neighborhoods for Section 8 housing.
I know renters that try really hard to get their properties section 8 because they’re guaranteed their rent money by HUD. The rent check arrives on time every month. If there is damages to the property, they get that then back too.
The left wants to make the vast majority of housing “public housing”.
It just goes to show that a human devised law or societal edict can be evaded/cheated by another human devised ploy. Sometimes in some situations their are laws that match or take care of the matters. However in todays world and the US such matters become societal games. Obama was well versed on this principle.
In NYC, public housing is for lower income people, but still people above the poverty level who have jobs. They are looking for families in the $35-75K range.
The local housing authorities definitely like it, since they’re resisting the HUD position. They have to actually maintain the builldings, and don’t want a lot of poor people trashing the place.
Who would WANT to live in public housing when you can afford better?
The last apartment I lived in was in Cary, NC; a largely middle- and upper-middle class town (at the time).
The Town forced our complex to accept subsidized tenants.
It was a nice complex before they got there, and was after, if you lived in a section away from them. As it was, the tenants themselves didn’t cause problems as much as the “hangers-on” that came with them. Not children, mind you. Just “visitors” who never left.
The iron rule of socialism, again: socialism always results in the poor and middle class subsidizing the wealthy. Always.
Who would WANT to live in public housing when you can afford better?
The world is full of strange people.
Also, some section 8 housing is in safe neighborhoods. Why not pay $1300 per month instead of $8000 - $10,000 per month to live in some of these neighborhoods?
One of 1000 social engineering schemes of corrupt, nanny-state government paid for by printed money and debt courtesy of the Federal Reserve
Also, a lot of 3 & 4 bedroom home in middle to upper-middle class neighborhoods are section 8.
One of 1000 social engineering schemes of corrupt, nanny-state government paid for by printed money and debt courtesy of the Federal Reserve.
Yep. And we are now broke.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.