(Community Matters) Doing a little research on another issue, I stumbled upon this article discussing how Texas affordable housing tax credits are often doled out to political supporters – here.
This report analyzes the $1.3 billion in tax credits that TDHCA awarded from 2004 through 2006. The agency awarded tax credits to many of the same developers year after year, with most of these federal funds going to a small group of politically connected developers. During the period studied, tax-credit recipients contributed $782,685 to Texas political committees and candidates and spent up to $1.9 million more to lobby state officials.