Posted: Mar 25, 2013 6:39 PM by Allison Bourne-Vanneck
Updated: Mar 25, 2013 6:52 PM
The Lafayette Housing Authority must re-pay itself back $2.9 million in mismanaged funds.
It stems from a 2011 investigation by the U.S. Office of Inspector General.
That investigation revealed LHA over-paid contractors more than 2.5 million and another $450,000 to counselors.
If you recall, this all goes back to 2010 where an audit report revealed severe problems in the LHA's management of its finances.
In June 2011, it was ordered to repay $2.9 million dollars. LHA will recoup that amount from Villa Gardens and St. Antoine Gardens. The money was spent on projects at both of these low-income housing locations. Both subsidiaries are required to pay monthly 85% of their management fees. Payments are set to begin this month
Local officials deferred calls to the U.S. Housing and Urban Development office, but calls were not returned.