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Elaine Howle
Audit finds flaws in state affordable housing spending

Some voter-approved funds for affordable housing have been put to questionable uses, including projects that don’t fulfill the promise to voters, because of poor oversight by the California Department of Housing and Community Development (HCD), an audit said Thursday. California voters passed the Housing and Emergency Shelter Trust Fund Acts of 2002 and 2006 to provide nearly $5 billion in bonds for financing affordable housing for low- to moderate-income Californians. “Because it does not provide an adequate level of monitoring, HCD often does not know if recipients used funds in accordance with program requirements or if programs benefited targeted populations,” State...

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