Government Assistance for Affordable Housing Is Enriching Private Equity Firms

When a private equity giant bought California-based grocery chain Cardenas Markets in 2022, grocery workers like Maria Vargas saw their hours slashed. “I can’t cover my expenses anymore,” said Vargas, who, like almost a third of all renters in the country, spends more than half her paycheck on rent. When Vargas asked her employer for more hours or better wages, she was told the company couldn’…

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