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    Housing Program Worth Billions Lacks 'Basic Accountability,' Says GAO

    Government auditors can't determine if the Low-Income Housing Tax Credit program costs too much because the program lacks adequate IRS oversight, according to testimony before Congress.
    by Laura Sullivan Aug 01, 2017 2 minutes
    A man walks into the building of the Internal Revenue Service, which oversees the Low-Income Housing Tax Credit Program, in Washington, D.C., on March 10, 2016. / ANDREW CABALLERO-REYNOLDS / Getty Images

    An $8 billion federal program to build housing for the poor is so lacking oversight that virtually no one in government knows how it is working, a government auditor testified before Congress today.

    "IRS and no one else in the federal government really has

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