Downsizing Blog
HUD’s Inexperienced Bureaucrats
The Washington Post slammed Ben Carson’s Department of Housing and Urban Development today. The paper found that “loyalty eclipses expertise” in the upper ranks of the agency given that 24 of HUD’s 70 political appointees have little housing experience.
Cost and Abuse Problems in Low-Income Housing
A new Government Accountability Office report on the Low Income Housing Tax Credit echoes some of the concerns about the programs vulnerability to abuse that Vanessa Brown Calder and I suggested in a 2017 Cato report.
Affordable Housing: Hard Way and Easy Way
A new GAO study examines the Low-Income Housing Tax Credit, which is a complex government program aimed at increasing the supply of affordable housing.
Heritage Foundation Calls for LIHTC Repeal
A recent Heritage Foundation analysis found that the Low-Income Housing Tax Credit is complex and inefficient.
Federal Spending Rescission
Worried that their spending spree in the recent omnibus bill will suppress conservative turnout at the polls this November, Republicans are now considering a “rescission” package.
Hearings Show Most Republicans Are Spendthrifts
I am a fan of Kimberley Strassel’s columns about federal politics in the Wall Street Journal. But her recent column about the omnibus spending bill—which increased spending 13 percent in one year—was off the mark.
Corrupting Federalism
Federal funding of state activities induces state and local governments to spend wastefully because the money comes “free” from Washington.
Big Spenders Dominate
Congressional leaders have agreed to a 2,232-page omnibus spending package that allocates federal discretionary spending for 2018. Defense and nondefense spending levels are jacked up, budget caps are blown through, and the deficit is soaring.
Cut HUD, Fix Housing
The Trump Administration FY 2019 budget was released yesterday. Among other reductions to spending, the Department of Housing and Urban Development (HUD) would be cut by more than 14 percent if Congress implements the administration’s recommendations.
High Cost of Government Housing
In our recent study on the Low-Income Housing Tax Credit (LIHTC), Vanessa Brown Calder and I discussed how subsidized housing projects usually cost more than market-based ones.