Housing Authority looks to reclaim lost funds

Published 10:51 pm Wednesday, June 21, 2017

Back in 2011, the Georgia Department of Housing and Urban Development was hurting as a result of the market collapse just like the rest of the country. While every organization looked to trim its budget by whatever means necessary, HUD made the call to recall funding from hundreds of housing authorities that had an excess reserve. That fu

Back in 2011, the Georgia Department of Housing and Urban Development was hurting as a result of the market collapse just like the rest of the country. While every organization looked to trim its budget by whatever means necessary, HUD made the call to recall funding from hundreds of housing authorities that had an excess reserve. That funding included $1.6 million in subsidies that the LaGrange Housing Authority was scheduled to receive that year, and now the housing authority is looking to get that money back.

nding included $1.6 million in subsidies that the LaGrange Housing Authority was scheduled to receive that year, and now the housing authority is looking to get that money back.