Saturday, September 11, 2010

NSP1 Oregon August Report Shows Continued Spending, NO Increase Reported in Units or Households Served.

I previously posted HERE about NSP 1 spending and goal achievement as of the end of July.  In that post I said that the JULY report showed:
  • 92% of funding had been "committed" and 43% had been "expended"
  • 18% of the 471 unit goal had been achieved and only 22% of the 267 household beneficiary goal had been accomplished.
The end of August report is now out HERE, and it shows that:
  • Funding "committed" had increased to 98.9%, while "expenditures" increased to 58.2%.
  • There was NO reported increase in the unit or beneficiary served goal achievement.
I suspect this may be a reporting problem, with attention focused on getting money spent before upcoming deadlines.

Originally created and posted on the Oregon Housing Blog.

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