Monday, June 11, 2012

HUD Spending $70 Million to Teach Grant Recipients How to Spend Money They Already Have

(CNSNews.com) – At one federal agency, it takes money to spend money. The U.S. Department of Housing and Urban Development recently announced it is spending $70 million to improve the way its grant recipients spend billions in taxpayer cash.

Most of the $70 million will go to consulting companies that provide “technical assistance” to HUD-funded communities and non-profit organizations. The consultants will help the communities and nonprofits “improve their use of federal funds to revitalize neighborhoods, help the homeless and produce more affordable housing,” a May 15 new release said.

CNSNews.com asked a HUD official, “If I’m reading this correctly, this is a grant to teach people how to spend money they already have?”

“Absolutely,” responded HUD spokesman Brian Sullivan...... READ THE ENTIRE STORY>>

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