Poverty, Politics and Profit (full documentary) | FRONTLINE

Summary by Krater

Frontline investigates the affordable housing crisis, examining how government funding, specifically the low-income housing tax credit, fails to meet the growing need and can be exploited by developers.

From the video

Answers: How does the low-income housing tax credit program work and why are millions struggling to find affordable housing?

• affordable housing crisis
• low-income housing tax credit
• section 8 housing vouchers
• housing discrimination and segregation
• developer corruption and kickbacks

What it concludes

• Only one in four households in need of housing assistance receives it.
• The number of affordable homes is shrinking while rent has been rising, leading to a severe affordability crisis.
• The low-income housing tax credit program has produced fewer units while costing taxpayers 66% more over the last 20 years.
• Affordable housing developers and syndicators have exploited the tax credit program through inflated cost estimates to secure millions in kickbacks.
• Developers like Carlyle and Biscayne used fake construction companies to hide extra profits and received federal deferred prosecution agreements.