FISCAL IRRESPONSIBILITY WITH TAXPAYERS MONEY!!!
“At least 120 municipalities spent a combined $700 million in housing funds from 2000 to 2008 without constructing a single new unit, [an LA] Times analysis of state data shows. Nor did most of them add to the housing stock by rehabilitating existing units.”
Santa Ana, CA (and some of the mismanagement is also featured)
We need to hold public officials both Federal, County, City and other governmental agencies accountable for the proper use of Taxpayer funds, or used as intended.
Disclosure Note: I serve on the Board of OC-Community Housing Corporation, and as the Chairman of the Audit Committee – Allen Baldwin is the Executive Director. (The Board members are all volunteers and serve with ZERO compensation and have no economic interests – see the 2009 IRS Form 990 for OC-CHC page 7).