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 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.
But HUD has no plans to kick these families out, because its policy doesnt require over-income tenants to leave, the agencys 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 ...
These are the people who should be taxed 90% of their income. They deserve punishment for living off others when they make more than four Middle Class American families. Uncle Sap loves getting ripped off. He suffers from a severe lack of self esteem.
The bureaucrats like them because the more people on the program the more they can justify more money next year
England has this problem. They even have a tv show based on it.
Welfare in England:
http://www.powerlineblog.com/archives/2013/01/living-on-welfare-in-the-u-k.php
Meet England’s Most Notorious Welfare Queen
http://www.businessinsider.com/british-are-shocked-by-unemployed-family-of-13-with-another-on-the-way-2010-8
These folks need to be fined substantially. Cheating the taxpayers should be a serious offense.
My thank you card for that nice swimming pool must have been lost in the mail.
It’s not uncommon for the developers, landlords etc to put their own family or friends in these apartments on the taxpayer dime. These rich tenants in this story are probably politically connected.
It’s not the government’s money.
It’s your money.
These subsidies are taxpayer-funded grants. They are a matter of PUBLIC RECORD. Any taxpayer has the right to examine and challenge them.You can contact your state housing department (state branch of HUD) and start asking questions.
They’ll point you to the online archive of documents pertaining to a particular housing project. You’ll learn a LOT; then you can devise a plan to begin dismantling these rip offs.
Most importantly, don’t go after the poor or minority tenants. Approach it from the point of view of CORPORATE WELFARE. The developers, architects, builders and landlords are the ones getting the big bucks from these contracts.
Follow those names and their connections to kickbacks, campaign contributions, etc. Then go after the over-income, obviously ineligible tenants, and their connections. It’s likely these tenants are campaign contributors.
Then lodge your complaints with your state HUD, while furnishing your findings to sympathetic reporters.
It’s actually easier to stop these projects before they get built. The key is taxpayer participation and monitoring the public records.
Be aware if a project is planned in your area, and get on it ASAP.
The developers, architects, builders and landlords are the ones getting the big bucks from these contracts..
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No doubts about that.
There are some welfare cheats making out pretty well over it too.
This is not what this article is about. These people are earning an income of $498,000 from their jobs in the private sector, and then paying only $1900 rent for their subsidized apartment.
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