Two stories. From the Times Herald Record:
The council's favor for McGrane cooled quickly last month when it heard the results of a scathing audit of a federal loan program by the U.S. Department of Housing and Urban Development. Over six months last year, HUD investigators combed the city's financial records and uncovered more than $2 million in what they deemed unnecessary loan payments for a deadbeat waterfront developer and fallow industrial park site
Another from the Times Herald Record:
The City of Newburgh loaned Dr. Thomas Glendening and two of his companies $1.5 million for a marina project that was supposed to create 43 full-time jobs. The money came from two sources: $1 million through a Section 108 loan and $500,000 from an Economic Development Initiative grant. Both are federal funds with a goal of helping people who have low and moderate incomes. Glendening was supposed to begin repaying the $1.5 million to Newburgh in January 2003. Glendening paid the city nothing until July 2007, when he sent $27,500.
Meanwhile, the city had to make payments to HUD and used $449,817 from Community Development Block Grants to do so. HUD auditors declared that improper.
WRRB/Telegram District City Council Forum 10/18
-
This forum is for all district council candidates; all candidates are here
today. Format: 14 total questions, 4 questions across districts (for all
candida...
5 months ago
2 comments:
"waterfront dev'er..........with the goal of helping low income people"................now pajama people get to live in water front property.......unreal..!!!!!!!
Of course the Canal District CDC (speaking of finacially tainted) entities) could eventually build watrerfront housing if Havana Jim ever comes up with millions to open the canal in the so called canal district
I am not sure why but like seeing A320 and 737's landing every 45 minutes at ORH for the past 2hrs or so. I know the 320 is Direct Air but I am not sure why so many 737's??
Post a Comment