Increased Oversight for Community Development and Housing Funds.
This law establishes an independent Inspector General for the NeighborWorks Corporation, which supports affordable housing and community development projects. The goal is to ensure that taxpayer money allocated for local projects is spent efficiently and legally. Furthermore, the organization must undergo mandatory annual independent financial audits, increasing expenditure transparency.
Key points
Creation of an independent Inspector General to oversee the spending and operations of the NeighborWorks Corporation.
Mandatory annual external financial audits are introduced, increasing transparency in the use of public funds for community and housing projects.
Status:
Introduced
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