Audit finds millionaire living in public housing (Source: wsbtv.com)

Date Published: 
July 29, 2015
News Type: 
News
Program Area(s): 
Public and Indian Housing

A millionaire is living in public housing, with your tax dollars paying much of his rent, and a government audit found that it’s not an isolated incident.

The audit found thousands of families are making incomes too high to qualify for public housing.

As they continue getting their rents subsidized with taxpayer dollars, more than a half million poor families are sitting on a wait list with the U.S. Department of Housing and Urban Development.

Officials say those people are in need of the affordable housing, but are denied it because others are taking advantage of it.

The audit found 25,000 families living in low-income housing even though they make more money than the program allows. 666 of those families live in Georgia.

The issue is that families only have to meet HUD's income requirements to get the housing.

Once they're in, they aren't required to leave if their income increases.

The audit found a New Bedford, Mass., family that brings in more than $212,000 a year has been living in public housing for more than a decade, and they're only paying $525 a month in rent.

A Nebraska millionaire with assets of $1.6 million is only paying $300 a month for HUD housing there.

U.S. Congressman John Mica runs the House committee in charge of overseeing Housing and Urban Development.

“Unfortunately, there are people that game the system,” Mica said.

But HUD officials don't see it that way...