Audit finds Niagara Falls Housing Authority overspent $1.5M on HOPE VI

[From Niagara-Gazette.com]

The U.S. Housing and Urban Development’s Office of Inspector General recommends the Niagara Falls Housing Authority reimburse the U.S. Treasury for more than $1.5 million in HOPE VI funds drawn in excess of need to cover expenditures for a North End housing development project.

An audit, released last week by the inspector general’s office, found that authority officials “did not always administer” federal grants related to the HOPE VI project in a manner consistent with HUD requirements…

READ THE FULL STORY HERE: http://www.niagara-gazette.com/local/x1927865731/Audit-finds-Niagara-Falls-Housing-Authority-overspent-1-5M-on-HOPE-VI