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Investors Target Affordable Housing

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Charles Clark, of the Tenants’ Development Corporation, walks past 115 West Newton St. in the South End, one of the affordable housing properties managed by the corporation. (Jesse Costa/WBUR)
Charles Clark, of the Tenants’ Development Corporation, walks past a South End brownstone, one of the affordable properties managed by the corporation. (Jesse Costa/WBUR)
This article is more than 1 year old.

Affordable housing across the country is facing an onslaught few saw coming — investors looking to cash in on real estate that was dedicated to people with low incomes.

An investigation by WBUR finds financial firms seek outsized profits for themselves in a federal housing program paid for by taxpayers. Lawmakers say these investors are subverting Congress's intent for the law and are looking for ways to stop them.

WBUR's Beth Healy reports.

This segment aired on May 17, 2021.

Related:

Beth Healy Twitter Senior Investigative Reporter
Beth Healy is a senior investigative reporter for WBUR.

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