ICYMI: A
Las Vegas Review-Journal columnist praised Senator Grassley’s
oversight of wasteful spending of the Troubled Asset Relief Program’s (TARP) Hardest Hit Fund, a $9.6 billion program meant to help homeowners who suffered during the housing crisis. Grassley has pressed for better management of the program amid reports that the Nevada state agency engaged in “widespread waste and abuse in spending.” Earlier, Grassley said, “Treasury’s explanation of the significant discrepancy between the $8 million that TARP’s watchdog said was misspent and the $82,172 [or one percent] recovered from Nevada HFA is inadequate and unconvincing.” Grassley has been conducting a review since
October 2016. His most recent remarks are
here. You can read the column
here or excerpts from the column below.
Program to help the needy squandered federal dollars in Nevada
Las Vegas Review-Journal
Jane Ann Morrison
December 16, 2017
When bureaucrats waste federal dollars meant to help people save their homes, it makes me crazy. And I’m not alone. U.S. Sen. Chuck Grassley, for one, also is upset. Case in point: the Hardest Hit Fund.
...
Management of the program was handed to a nonprofit — the Nevada Affordable Housing Assistance Corp. — with less than stellar results. Employees were living
high on the hog, a clearly irritated Grassley wrote in one letter to the Treasury Department.
...
No matter what the costs, Grassley wanted the
wasted dollars returned to the Treasury Department.
...
-30-
