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Small-business contractor urges audit committee to probe months-long payment delays to city housing vendors
Summary
A contractor representing a minority-owned firm told the San Antonio Audit Committee that delayed reimbursements from Neighborhood and Housing Services and city finance have left firms with severe cash‑flow problems and asked the committee to investigate.
Betsy Spencer, chief operations officer of Holtz Adams Construction and Consulting LLC, told the San Antonio Audit Committee on May 13 that an 8(a)-certified minority-owned subcontractor the firm assists has repeatedly waited months for reimbursement from the city's Neighborhood and Housing and Community Development (NHCD) and finance offices.
"Every day costs our client more money," Spencer said, describing delays of "as long as 6 to 9 months" that at times have left the firm carrying "hundreds of thousands of dollars" across multiple…
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