City may have to reimburse $300K to HUD
by Associated Press
Published: January 9,2012
JACKSON — Mississippi’s capital city may have to reimburse more than $300,000 to the U.S. Department of Housing and Urban Development over lax oversight that led to the misuse of more than $1 million in federal grants over several years.
The reimbursement may be necessary for Jackson to get $1.15 million in housing funding restored.
The Clarion-Ledger obtained a HUD monitoring report that found that lax oversight of federal HOME grant money over several years at housing projects that are at risk of failing.
The city has until Jan. 31 to file a corrective action plan with HUD, but it could take several months for HUD to unfreeze the funding.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- PSC unanimously rejects Entergy-ITC proposed merger
- Company mulling plan to build new pipeline
- Omega Protein shifting vessels to Mississippi
- IKE TROTTER: There are primary changes in Social Security for 2014
- Conservator: Schools had too many employees
- Bankrupt Simply Wheelz chooses prevailing bidder for assets
- Study says state sacrificing billions of dollars, 20,000 jobs in refusing Medicaid expansion
- Mars Food to celebrate 35 years in Port City
- Council wants more info on proposed baseball stadium