StartupsFortuneabout 4 hours ago
HUD suspends Virgin Islands housing funding
3 min read
HUD suspended disaster funding to the U.S. Virgin Islands Housing Finance Authority after an investigation found widespread mismanagement. Of $1.9 billion allocated for hurricane recovery, only $570 million has been spent, leaving $1.3 billion unspent. The authority completed only two of 95 planned housing projects.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
