Whitey Ford
05-03-2019, 12:35 PM
Years after a scathing federal audit exposed rampant waste in a multi-billion-dollar government program to help the “unemployed or underemployed” pay their mortgage, the gouging continues full throttle. Public officials who operate the disastrous project, known as Hardest Hit Fund (HHF), have wasted millions of dollars on parties, fancy cars, gifts, extravagant dinners and receptions, gym memberships and luxury travel. Previous investigations have uncovered more than $11 million in wasteful spending at HHF for illegal things such as employee bonuses, lavish shindigs, expensive vehicles and superfluous data storage. The latest enraging figures are documented in a lengthy report to Congress that outlines how HHF continues fleecing American taxpayers.
https://i.imgur.com/r23RI2V.gif
Like a lot of government programs during Obama’s tenure, this one ballooned and kept receiving boatloads of cash with virtually no oversight. It started off as a $1.5 billion initiative focused on the five states with the steepest declines in home prices and grew to a $9.6 billion boondoggle encompassing 19 states and the District of Columbia. The money goes to mortgage payment assistance for unemployed or underemployed homeowners, principal reduction to help homeowners get into more affordable mortgages, and blight elimination and down payment assistance efforts. California has received the biggest chunk of money ($2.3 billion) followed by Florida ($1.1 billion) Ohio ($762 million), Michigan ($761 million) and North Carolina ($707 million). Nevada, which is notorious for mismanaging HHF funds, has received north of $202 million.
https://www.judicialwatch.org/blog/2019/05/obama-program-to-help-struggling-homeowners-blows-millions-on-parties-cars-booze-luxury-travel/
https://i.imgur.com/r23RI2V.gif
Like a lot of government programs during Obama’s tenure, this one ballooned and kept receiving boatloads of cash with virtually no oversight. It started off as a $1.5 billion initiative focused on the five states with the steepest declines in home prices and grew to a $9.6 billion boondoggle encompassing 19 states and the District of Columbia. The money goes to mortgage payment assistance for unemployed or underemployed homeowners, principal reduction to help homeowners get into more affordable mortgages, and blight elimination and down payment assistance efforts. California has received the biggest chunk of money ($2.3 billion) followed by Florida ($1.1 billion) Ohio ($762 million), Michigan ($761 million) and North Carolina ($707 million). Nevada, which is notorious for mismanaging HHF funds, has received north of $202 million.
https://www.judicialwatch.org/blog/2019/05/obama-program-to-help-struggling-homeowners-blows-millions-on-parties-cars-booze-luxury-travel/