HHS OIG: Review of American Recovery and Reinvestment Act Formula Allocations

Review of American Recovery and Reinvestment Act Formula Allocations, September 24, 2009, Audit Report No.: 2009-FO-0006

  • “We performed an audit of the U.S. Department of Housing and Urban Development’s (HUD) formula-based allocations related to five programs funded in the American Recovery and Reinvestment Act of 2009 (Recovery Act) to satisfy the Recovery Act mandate that “every taxpayer dollar spent on economic recovery be subject to unprecedented levels of transparency and accountability.” We reviewed all five HUD programs with funds which were allocated based on a statutory formula. The five programs are the (1) Public Housing Capital Fund, (2) Native American Housing Block Grant program, (3) Community Development Fund, (4) HOME Investment Partnerships Program, and (5) Homelessness Prevention Fund. Our audit found that HUD allocated the $7.96 Billion in formula-based grant funds in accordance with the requirements of the Recovery Act for each of the five programs reviewed and properly calculated the amounts to be distributed to HUD recipients.”
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