Sunday, May 15, 2011

WaPo Goes After Delays in HUD HOME Program in Series.

First story is HERE in printer family version.  HUD has issued a rebuttal on their blog HERE. WaPo story says:
Nationwide, nearly 700 projects awarded $400 million have been idling for years, a Washington Post investigation found. Some have languished for a decade or longer even as much of the country struggles with record-high foreclosures and a dramatic loss of affordable housing. The U.S. Department of Housing and Urban Development, which oversees the nation’s housing fund, has largely looked the other way: It does not track the pace of construction and often fails to spot defunct deals, instead trusting local agencies to police projects.
In WaPO map HERE, indication is that in Oregon out of 39 projects totalling $26.3 million a total of $2.7 million was delayed and there were no projects with "zero draws". [Would have been nice if WaPo provided names/locations of delayed projects instead of just maps]. 

Tease from WaPo indicates that next story will be about problematic DC projects.

Oregon HOME Snapshot reports by jurisdiction are available from HUD HEREIf anyone knows a more relevant set of HOME reports for Oregon, pls make a comment below with the link.

Originally created and posted on the Oregon Housing Blog.

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