Patrick McHenryChairman

Washington, May 18, 2011 -

Three leaders of the Financial Services Committee are asking HUD Secretary Shaun Donovan for detailed information about delayed housing projects and the agency’s oversight of its HOME program, which provides $2 billion a year to local housing agencies to build and renovate homes across the country.

Committee Chairman Spencer Bachus, Oversight and Investigations Subcommittee Chairman Randy Neugebauer and Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert wrote Secretary Donovan after a year-long investigation by the Washington Post turned up numerous examples of mismanagement and abuse among HOME grant recipients.

“HUD must ensure that every dollar dedicated to affordable housing is used responsibly and that funds that have been misused or misappropriated are promptly repaid,” the three Committee leaders write in their letter.

Click here to view a copy of the letter.