Investors Target Affordable Housing
Affordable housing across the country is facing an onslaught few saw coming — investors looking to cash in on real estate that was dedicated to people with low incomes.
An investigation by WBUR finds financial firms seek outsized profits for themselves in a federal housing program paid for by taxpayers. Lawmakers say these investors are subverting Congress’s intent for the law and are looking for ways to stop them.
WBUR’s Beth Healy reports.
This article was originally published on WBUR.org.
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