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Connecticut reflects part, but a relatively small part, of a huge problem in unspent and potentially misused HUD Home funds across the country, according to a new investigation by the Washington Post.
The Post investigation, published Sunday, said 700 projects across the country had wasted or failed to spend more than $400 million in HOME funds over the last two decades, largely because of poor local oversight, grants to non-profit developers without the capacity to complete projects, and HUD's failure or inability to ensure that the money was spent honestly and effectively.
Of 89 Connecticut projects currently funded with $68 million by HUD, $6 million is tied up in delayed projects and another $6 million in funding has not been drawn down. Overall, the Post investigation - entitled "Million-Dollar Wasteland" - found that: