For very nearly ten years I've been writing about or following the business of low-income housing tax credits. Never, far as I can remember, seen a criminal investigation of a tax credit developer, for anything. I mean, I'm sure most tax credit developers are fine upstanding people -- certainly, they have to be nerds to be in that business at all, so there's a whole layer of opportunists weeded out right up front -- but surely there must be exceptions to the general upstandingness somewhere...?
Hence, all excited to see the Google summary on this article that said someone or other "....charges a 53-year-old Woodbury woman with using an alternative identity to receive, among other things, more than $18000 in Low Income Housing Tax Credits (LIHTC) from the U.S. Department of Housing and Urban Development (HUD)."
I shoulda known, the defendant was a tenant, not a developer. But of course.
What the lady in Woodbury, MN really allegedly did was to understate her
income by approximately half to chisel herself a cheap deal on a
By the way, for the record, tax credits don't really come from HUD although HUD takes an interest. They come from the Treasury and are administered by state housing finance agencies.