“The LIHTC is inefficient and bureaucratic. It breeds corruption in local governments and crowds out market-based housing. But by chanting “low income” and “affordable housing,” special-interest groups have distracted attention from the large LIHTC subsidies that flow to developers and big banks.”

New Study on Tax Reform and Low-Income Housing

See the study here: Low-Income Housing Tax Credit Costly, Complex, and Corruption-Prone