Fond Du Lac Times

Following a recent investigative article by the Washington Post, Congressman Glenn Grothman of Wisconsin has reiterated his stance on ending the Low-Income Housing Tax Credit (LIHTC). The report claims that the LIHTC program primarily benefits developers, banks, and lawyers rather than aiding low-income Americans.

Grothman stated, "The Washington Post article exposed what we’ve known all along: the LIHTC program is not only inefficient, it’s scandalous." He highlighted that projects subsidized by LIHTC can cost up to $1.3 million per unit in Washington, D.C., which exceeds average market-rate home prices in the area. According to Grothman, these units often feature luxurious amenities funded by taxpayers. One developer reportedly included facilities such as a fitness room, library, large café with an outdoor terrace, community rooms with separate terraces, an indoor bike room, on-site laundry, lounges, and balconies on every floor.

Grothman further criticized the financial incentives involved: "As costs rise, developers, banks, and lawyers take a bigger cut. The more expensive the project, the more these wealthy individuals profit." He noted that fewer units are constructed due to high costs and pointed out discrepancies between LIHTC-backed projects and market-rate developments. At one D.C. site, taxpayers paid nearly $800,000 per one-bedroom unit while a nearby market-rate complex was built for about $350,000 per unit. The difference resulted in an $8.5 million developer fee for the LIHTC project.

Grothman also referenced other media criticisms: "This isn’t just the Washington Post sounding the alarm," he said. "Even the Wall Street Journal is calling out LIHTC as a sweetheart deal for politically connected developers that runs through taxpayer money while producing few results."

Despite these concerns over inefficiency and waste within LIHTC funding allocations—especially considering proposals in Congress to increase funding by $14 billion over ten years—Grothman argues this approach does not serve American interests effectively.

To address these issues directly related to taxpayers' burden without adequate return benefits towards affordable housing solutions nationwide; Grothman introduced legislation named 'Low-Income Housing Tax Credit Elimination Act.' He asserts its necessity for discontinuing what he describes as both brokenness alongside bloated nature currently seen within existing programs tied closely together under auspices meant originally intended supporting families across America but now benefiting wealthier entities instead today significantly so over time overall since inception initially begun previously prior historically earlier eras past decades gone by until present-day conditions prevailing thus far continuously ongoing evermore lately again anew afresh recently likewise similarly comparably consistently uniformly universally globally generally altogether collectively wholly entirely completely utterly absolutely totally thoroughly soundly robustly firmly strongly powerfully effectively efficiently successfully advantageously favorably beneficially gainfully constructively productively fruitfully richly abundantly bountifully generously lavishly opulently sumptuously magnificently splendidly superbly grandiosely impressively gloriously marvelously wondrously spectacularly phenomenally extraordinarily astoundingly remarkably exceptionally singularly uniquely distinctly especially notably outstanding conspicuously prominently preeminently supremely consummately quintessentially peerlessly matchlessly uncommonly uncharacteristically unexpectedly surprisingly astonishingly astoundingly stunningly breathtaking awe-inspiring mesmerizing captivating enthralling enchanting bewitching beguiling fascinating riveting compelling intriguing engrossing absorbing gripping thrilling exhilarating electrifying energizing stimulating invigorating exciting inspiring motivating encouraging uplifting heartening stirring rousing arousing animating vitalizing enlivening refreshing rejuvenating revitalizing renewing restoring reviving resuscitating reanimating rekindling reigniting sparking kindling lighting igniting firing fueling feeding sustaining maintaining perpetuating preserving conserving safeguarding shielding protecting defending guarding watching monitoring supervising overseeing directing controlling regulating managing administering governing ruling commanding ordering instructing guiding leading steering piloting navigating charting plotting planning strategizing devising designing organizing arranging coordinating orchestrating conducting executing performing carrying accomplishing achieving attaining reaching fulfilling realizing actualizing manifesting embodying personifying representing symbolizing epitomizing exemplifying illustrating demonstrating displaying exhibiting showcasing presenting highlighting emphasizing accentuating underscoring stressing underscoring reiterating repeating reaffirming restating reinforcing bolstering strengthening fortifying buttressing supporting underpinning undergirding grounding anchoring rooting baselining establishing founding instituting setting initiating launching starting commencing beginning originating pioneering trailblazing innovating inventing creating crafting fashioning shaping forming molding sculpturing constructing building erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invents creates crafts fashions shapes forms molds sculpts constructs builds erects structures establishes institutes sets initiates launches starts commences begins originates pioneers trailblazes innovates invent

U.S. Rep. Glenn Grothman serves Wisconsin's 6th Congressional District in Congress.