Please disable your Ad Blocker to better interact with this website.

Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
CommentariesGovernment PoliciesNews

Investigation: Throwback Thursday – HUD Approved Duplicate Payments, Nonexistent Loans

By Adam Andrzejewski

Investigation by Adam Andrzejewski originally published by and

In 1983, the Department of Housing and Urban Development wasted $1.2 million – $3.7 million in 2023 dollars – thanks to gross mismanagement that included duplicate payments, making loan payments on non-existent loans, and paying excessive management fees.

Senator William Proxmire, a Democrat from Wisconsin, awarded HUD his Golden Fleece Award for its horrendous financial mismanagement in multiple areas.

According to Proxmire, HUD had contracts with various properties to rent out housing at a subsidized cost to low-income people, with HUD paying a portion of the rent for the renter. Taxpayers covered about 75% of the rent for these units.

Unfortunately, HUD administrators barely looked at the proposals, resulting in poor oversight and plenty of financial mismanagement.

In one case, HUD double counted the cost of a guard service, which added $161,000 to a project. In another, HUD approved a ground maintenance proposal to spend $60,000, despite the work only costing $49,000.

HUD also mismanaged loan approvals. Once, it allowed a rent increase to pay for a $336,000 mortgage, but the mortgage taken out was much lower at $276,000, meaning the rent should ultimately have been raised by less than what was approved.

Property management fees also haunted HUD, with the agency routinely paying about double what its own criteria says it should, costing an extra $95,000 per year.

This reckless mismanagement hurt taxpayers and low income renters, and could have been completely avoided had bureaucrats given appropriate oversight to the agency’s projects.

By Adam Andrzejewski – The #WasteOfTheDay is brought to you by the forensic auditors at

This article was originally published by RealClearInvestigations and made available via RealClearWire.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a host, Outreach Director with overseeing its outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

Related Articles