November 7, 2011

GOVERNMENT FAIL: Finding more flaws in HUD’s accounting of HOME program. “HUD’s attempt to demonstrate that success to Congress resulted in reports to lawmakers that, to judge by federal records and interviews with dozens of local housing agencies in charge of the projects, contain discrepancies and contradictions that suggest continuing problems with the program. . . . In recent weeks, local housing agencies have confirmed that about 75 construction projects drew and spent $40 million in HOME funds with little or nothing built. That is in addition to the nearly 700 potentially delayed projects The Post identified earlier this year.”

Shocking. If this were the private sector, this would be some sort of crime and scandal. But it’s the government, so whaddyagonnado?

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