Today’s mystery: How did 15% of Connecticut’s lower-income disaster relief funding from Hurricane Sandy end up in the hands of million-dollar home owners? Politico plays the role of Hercule Poirot today, going back nearly a decade to determine why $6.4 million of Housing and Urban Development funds got sent to 62 members of the upper crust.
The culprit turns out to be … the Obama administration and a little-noticed rules change that weakened means testing for HUD funds:
The owners of 62 houses worth more than $1 million along the Connecticut Gold Coast got aid to pay for repairs after Sandy, according to a review of records in dozens of towns. The homeowners received a total of $6.4 million, or 15 percent of the $44 million in HUD aid that went to home repairs in the state.
The median home value in Connecticut is $311,500, according to the U.S. Census Bureau.
The rich just keep getting richer ... thanks to government disaster aid
- by: ED MORRISSEY
- 2022-12-27
- Source:
Hot Air
- 12/29/2022
