Wednesday, April 08, 2009

Housing agencies faulted in audits to get $300M of stimulus - USATODAY.com: "WASHINGTON — The federal government will soon send more than $300 million in stimulus funds to 61 housing agencies that have been repeatedly faulted by auditors for mishandling government aid, a USA TODAY review has found.s

The money is part of a $4 billion effort to create jobs by fixing public housing projects that have fallen into disrepair. Recipients include housing authorities in 26 states that auditors have cited for problems ranging from poor bookkeeping to money that was spent improperly, according to the review of summaries the agencies must file with the federal Office of Management and Budget (OMB)."

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Congress said the Obama administration could hold up the funds to "troubled" agencies, but they chose to let the money flow forth. Oh, and the Chicago Housing Authority is getting more dough than any other troubled agency: $144 million.

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