HousingWire says after a year of investigation, the House Oversight and Investigations Subcommittee will decide Wednesday, May 16 whether to subpoena additional program records from the Dept. of Housing and Urban Development (HUD) concerning reportedly wasteful spending in the HOME Investment Partnership Program. The Washington Post reported last year over 700 projects costing more than $400 million had made no progress, sometimes even after a decade of funding. Designed to develop properties in low-income areas, HUD claimed only 2.5 percent of the programs were stalled. MHProNews.com has learned the subcommittee wants to weed out what it says is waste, fraud, and abuse.
(Image credit: HUD)