According to USA Today, many community and local agencies in charge of spending the stimulus funds aren’t fit for the job.
Since July, auditors working for the Department of Housing and Urban Development’s inspector general have scrutinized at least 22 cities, counties and housing authorities in 15 states and Puerto Rico to measure whether they can handle stimulus funds effectively. Only six, they found, could do so. . . .
The reviews provide one of the first windows, albeit a narrow one, into the vast network of local agencies that ultimately will be responsible for spending more than $8 billion to repair deteriorated public housing, fund homelessness programs, and cope with the foreclosure crisis.
I wonder who is surprised by this news. HUD has a long record of poor management and incredible inefficiency. Sadly, I suspect that this new evidence is not enough to withdraw the stimulus funds.