A pending thud for HUD?

Kathryn Watson of the Daily Caller documents the latest evidence of mismanagement at the U.S. Department of Housing and Urban Development.

Congress has consistently rewarded Department of Housing and Urban Development (HUD) officials with bigger budgets despite their demonstrated inability to manage tax dollars efficiently, but that may be about to change under President Donald Trump.

Instead of cutting the department’s funding when it failed each year since 2014 to obtain an audit opinion from its Inspector General (IG), Congress has increased HUD’s budget, to $47.3 billion in 2016.

It was in 2014 that HUD’s budget was $45.5 billion and its spending had become so incomprehensible that the department’s Inspector General (IG) said it was impossible to figure out its books. The IG still can’t complete an audit on HUD’s 2015 and 2016 financial statements.

The department’s books are indecipherable even after officials there corrected $520 billion in bookkeeping errors from its 2015 and 2016 books. The IG consistently highlights HUD’s financial material weaknesses deficiencies and failures to comply with laws and regulations in its reports to Congress.

Even so, Congress has failed to impose any penalties on HUD, and Republican chairmen of the Senate and House committees that oversee the sprawling department aren’t eager to say why, either failing to respond to the Daily Caller News Foundation Investigative Group’s requests for comment or outright refusing to do so. …

Trump and his new HUD Secretary, Dr. Ben Carson, appear to be set on a different course. Preliminary budget documents first reported by the Washington Post indicate Trump is considering cutting HUD’s 2018 budget by more than $6 billion to about $40.5 billion.

A spending reduction of that magnitude would put HUD’s total annual budget at its lowest since 2007, before the Great Recession and housing crisis hit.

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