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HUD OIG flags CDBG-DR match tracking as a fraud risk; audit report due soon, acting IG says
Summary
The HUD Office of Inspector General told lawmakers it has audited CDBG-DR grantees and found that match funds were not consistently tracked, which can result in HUD funding being used above authorized match caps; a final audit report is expected in the coming months.
Acting Inspector General Steven M. Begg told members that an OIG audit of Community Development Block Grant Disaster Recovery (CDBG-DR) grantees found that grantees are not consistently tracking or reporting the use of match funds, which can result in HUD funding exceeding authorized match caps.
Begg said grantees had budgeted more than "$94,000,000" and had spent nearly…
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