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| Home Front: Politix |
| HUD's Million-Dollar Wastelands |
| 2011-05-15 |
| Nationwide, nearly 700 projects awarded $400 million have been idling for years, a Washington Post investigation found. Some have languished for a decade or longer even as much of the country struggles with record-high foreclosures and a dramatic loss of affordable housing. My housing has become much more affordable in the past few years, the price being down about a third. Of course, no one would lend me any money for it now. The yearlong investigation uncovered a dysfunctional system that delivers billions of dollars to local housing agencies with few rules, safeguards or even a reliable way to track projects. The lapses have led to widespread misspending and delays in a two-decade-old program meant to deliver decent housing to the working poor. If only they had some more watchdogs to police the evil developers. More money, that's what they need! That's why the working poor vote for more gummamint. |
| Posted by:Bobby |
| #2 fledgling nonprofits and groups ACORN and SEIU? |
| Posted by: Lumpy Elmoluck5091 2011-05-15 13:51 |
| #1 The Post found breakdowns at every level: • Local housing agencies have doled out millions to troubled developers, including novice builders, fledgling nonprofits and groups accused of fraud or delivering shoddy work. Politicians trolling for votes? What happens when money is doled out by Sam based on some other criteria than free market competition and competency. |
| Posted by: JohnQC 2011-05-15 10:05 |