23 Hrs
Source:
Fox News
Trump adminblocks Minn. from hurricane aid
The Department of Housing and Urban Development suspended the Virgin Islands Housing Finance Authority due to years of mismanagement, fraud, and failure to properly oversee nearly $2 billion in disaster recovery funds from Hurricanes Irma and Maria. The agency cited criminal misconduct by a former COO, inadequate internal controls, and significant delays in housing projects, with only a small percentage of repairs completed nearly a decade after the storms. The suspension follows investigations revealing ineffective fraud prevention measures and misuse of funds, leading to a shutdown of VIHFA's access to future federal funding while an inquiry continues.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)