A report from the Department of Housing and Urban Development’s Office of the Inspector General
reveals that $698.5 million dollars in disaster recovery funds given to Louisiana homeowners in the wake of Hurricanes Katrina and Rita were not used to fulfill the purpose of the funding — to elevate damaged homes.
According to the report, dated March 29, a total of 24,042 Louisiana homeowners who received up to $30,000 each were “noncompliant, including those that had not elevated their homes; were nonresponsive; or did not provide sufficient supporting documentation” to show that they had used the taxpayer funding to reconstruct their homes as of Aug. 31, 2012.
HUD: Nearly $700 million Katrina rebuilding funding missing | The Daily Caller
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