chanel
Silver Member
The deal was forged in 2008 when a fledgling nonprofit group with political connections promised to turn distressed apartment complexes into badly needed homes for troubled young men.
Peaceoholics had never bought or repaired a building. It had never operated affordable housing. It had no construction money from private lenders and less than $27,000 cash on hand.
But the D.C. Department of Housing and Community Development delivered $4.6 million to the organization so it could buy three apartment complexes and launch renovations. Then-Mayor Adrian M. Fenty (D) hailed the project as a way to help at-risk men transitioning out of foster care
The ill-fated project, which is now under council scrutiny, underscores the citys years-long struggle to build and renovate housing for the poor. Time and again, the housing agency has poured millions in local and federal money into affordable housing projects that were delayed, over budget or riddled with undocumented costs.
The article is five pages. There are several other projects mentioned.
Hey - let's give the government mo' money. We need more to help the poor.
D.C. housing deal shows much spent but less accomplished - The Washington Post