Grothman Introduces Bill to End Housing Tax Program That Enriches Developers and Fails Tenants
Congressman Glenn Grothman (R-WI), joined by Congressman Paul Gosar (R-AZ), introduced the Low-Income Housing Tax Credit Elimination Act, which will repeal the Low-Income Housing Tax Credit (LIHTC), an outdated, costly, and ineffective program that has primarily enriched politically-connected developers and banks, while doing little to reduce housing costs for low-income…