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.