$700 Million in Katrina Relief Missing, Report Shows

A new inspector general's report found that about $700 million awarded to help Hurricane Katrina victims fortify their homes from future floods is unaccounted for, which Congressional leaders say is a troubling sign of the need for tighter controls as Superstorm Sandy rebuilding efforts intensify this spring. The Department of Housing and Urban Development is pressing the state of Louisiana to recover the money given to homeowners to elevate their houses. But David Montoya, the inspector...Full Story
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