Allegations of potential fraud, waste and abuse involving the South Carolina State Housing Development and Financing Authority (SCHousing.com) are being referred by a legislative panel to the state’s inspector general for investigation.
The government supervisory panel of the Chamber of SC – chaired by Weston Newton from Bluffton, SC – referred the matter to the Office of the Inspector General (SCOIG) earlier this week, sources familiar with the situation said to our media.
What, exactly, the inspector general Brian D. Lamkin and your team will be investigating as soon as they receive the referral?
Good question … we are working to obtain a copy of the letter of recommendation for supervision and any other materials related to the investigation from Newton’s committee, which has an excellent reputation for transparency in the performance of its duties.
SCHousing is responsible for distributing low-interest mortgages and assistance with down payment, as well as administering rental assistance to low-income residents. Its financing is provided through the sale of tax-free securities and the management of federally funded programs.
(Click to view)
(Via: Rental Assistance)
Existing since 1960, the agency is run by an executive director – Bonita Shropshire – and a nine-member board of commissioners, all appointed by the governor. There are currently two seats on the committee and two members whose terms have expired.
In the $ 30 billion state budget that went into effect on July 1, the agency operated with an administrative budget of $ 16.3 million and a total budget of $ 210 million.
This media will keep a close eye on this situation – particularly any proximity this investigation may have to an ongoing national investigation launched by the United States Department of Housing and Urban Development (HUD).
According to the reporter Liz Owens of WRDW TV 12 (CBS – Augusta, Georgia), the HUD investigation recently ensnared a regional housing authority in Aiken County, SC
Stay tuned … we look forward to providing our readers with an update on this situation soon.
-FITSNews
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Flag: SCHousing.com