Troubled Texas state housing agency faulted by auditors in management of $101 million program to redevelop foreclosed homes

A federal audit of a Texas housing agency casts doubt on whether the state properly managed a $101 million Housing and Urban Development program aimed to stabilize neighborhoods hit by foreclosures. According to a report by the HUD Inspector General, the Texas Department of Housing and Community Affairs improperly obligated $42,182, which HUD’s Fort Worth office has been directed to take back. The IG audit also requires the state agency to provide better documentation of $25 million in spending on the Neighborhood Stabilization Program. The state agency also could not support $8,767 in expenses for businesses and organizations it worked with to complete projects, the HUD audit states.

Texas Watchdog

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